This year will see a major economic breakdown followed by worldwide riots, as people who have lost everything rebel against the situation, where those in power save themselves at the expense of everyone else.

This is according to the forecast by Gerald Celente of The Trends Research Institute, New York, who successfully predicted the panic of 2008.

The global crisis will only get worse according to Celente and turn into the greatest depression in modern history.

He compares the world economy with the cruise liner Titanic. The ship is sinking, he says, and spaces on the lifeboats are few.

Even now people who suffered from the global crisis are ready to resort to violence, as the reports from Iceland, Latvia and Lithuania indicate. As the meltdown continues, the situation will only get worse.

Gerald Celente

Listen to Gerald Celente’s forecast for the grim future we’re facing and his suggestions on how to soften the blow.