Agree with him or not, trend forecaster Gerald Celente definitely is a fun listen. While he might sound like an alarmist if this is the first time you have heard him, he has made a lot of prescient calls over the years. (many not having to do with the market of course) [Some old forecasts here, of course none of the missed forecasts will be there - but again, some quiet good calls]
Today he makes a short appearance on Yahoo Tech Ticker (not sure if there will be a second piece to this interview) 6 minute video - email readers will need to come to site to view
We'll have riots, he says. And wars. And society as we know it will continue to break down.
Unlike other doomsayers, Celente doesn't lay the blame for this ghastly situation on one political party or the other. He ridicules both of them, along with our government in general.
And could the right policies save us from this crash?
Yes, says Celente. If we cut our spending and debts and returned to a government by the people and for the people, we'd eventually be fine. But that's not going to happen. In the meantime, consumers are tapped out, inequality is increasing, and the people are getting restless and angry with a government that is now run by lobbyists.
So what's an investor to do?
Keep buying gold, says Celente.