I keep hearing that this guy has been dead right on many of his predictions. I hope he is not on this one.
He predicts that by 2012
The US will become an “undeveloped country“
US will face a political rebellion, food riots, a tax revolution and marches
The Christmas and other Holidays will be about food on the table not “presents"
https://www.youtube.com/watch?v=46MEqEgdLTg
on Gerald Celente: http://en.wikipedia.org/wiki/Gerald_Celente
As much as I dont want to believe on his predictions I think the signs are all there that we may be in the verge of economic collapse (though may not be to the extent that he predicts).