Gerald Celente: "Austerity riots will come to the US"

More and more of the world economy is crumbling and America doesn’t seem too far behind.

While riots erupt in Greece over austerity measures imposed by the government, back home lay-offs are rampant on Wall Street with Goldman Sachs relieving over 200 employees from their positions today. Is there a way out before Americans begin to emulate the Greeks? “The economy continues to decline with no recovery in sight,” says Gerald Celente of the Trends Research Institute. “It is hitting everyone and Goldman Sachs is taking the hit as more of that bailout money dries up and reality bites.”“Whether it is in Tunisia, whether it is in Egypt, whether it is in the UK . . . it is only going to get much worse,” says Celente.“There is no way out and the people are angry.”Celente says he has seen this coming all along, and as Americans are becoming more and more aware of the hardships that are hitting home, they will start to rebel as well. “The Greek people know that if you don’t stand up they are going to mow them down,” Celente tells RT. He argues that austerity only brings unemployment and unhappiness, and “when you get really hungry you are going to see the riots continue to escalate.” It is only a matter of time before it crosses the Atlantic.“The banks are failing and they want the people to bail them out,” he says. The people, however, aren’t about ready to stand for that.“The people know the score,” he says.“When people lose everything and have nothing left to lose, they lose it!”