The Coming Bust of the American Empire

Saturday, December 11, 2010
By Paul Martin

Gerald Celente: What Happened in Greece is Going Worldwide

Trends forecaster Gerald Celente joins RT to discuss unemployment with college grads, the wide income gap between the rich and the poor in the US, and the coming bust of the American Empire.

“You have millions of college grads that haven’t entered the workforce yet that haven’t been able to get jobs out of college and they have degrees in worthlessness, and they’re $25,000 on average in debt.”

Celente predicts the collapse to come in US cities will rival what’s going on in Ireland right now and what’s going to happen in Portugal. “The American Empire is unfolding and collapsing in front of everyone’s eyes,” he says. Celente’s solution include bringing production jobs back to the US, shutting down military bases around the world, ending the wars, and cutting massive overseas spending.

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