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Gerald Celente: 'S&P downgrade is an Archduke Ferdinand moment'

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Uploaded by on Aug 9, 2011

The stock market dropped dramatically today - the Dow plunged more than 600 points. Apparently the US lost it's triple a credit rating Friday - it was downgraded by S&P. The ratings agency downgraded Fannie Mae and Freddie Mac, which inspired the mainstream media headlines across the country. Gerard Celente of Trends Research Group answering the question, where is the country and the global economy heading to.

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  • Celente is both entertaining and intelligent.

  • crima rate is not dropping and anyone who comes here to say so is gettin paid from the darkside!! its rife i tell u all!!they are ripping gutters off our homes!in the uk they do it constantly,we have people called pikey gypsys that are the floor feeders of recycleing!

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  • @t4705mb6 hahaha

  • What the, did Greenspan just said that U.S. can print more money, like Zimbabwe once did?

    HANG HIM HIGH, folks!

    And don't forget the water-board session for that Osama bin Bernanke.

  • Been telling people this was going to happen since Reagan. Hope you all enjoy the ride....it's gonna be ALL downhill. Wait for the war! You'll LOVE that!

    (Her VOICE! Like fingernails on a chalkboard!)

  • Whoa, whoa, whoa, why does koneye's comment have 12 thumbs up? Why exactly do you people want to keep the FED around?  Those 13 people think they're awake and yet they have a lot to learn.

  • mr greenspan shouldn't print anything on the paper so it will at least have the price of the paper

  • U.S is like a cake and the cake is a lie

  • @koneye No, The Venus Project is the way to go!

  • This is not surprising, the US Government Scheme to lie, cheat and steal from the people is losing traction. Eventually, as the people become wise to the corruption, there will be no more pillars to hold up the foundation of corrupt government (bankers) officials.

  • I think the poeple in US will loose more by an economic crysis than introducing/raising taxes. I mean, look at the situation, it's necessary and it will also effect everybody, rich as well as poor.

  • Lauren is so beautiful- her eyes, her hair, her lips! I couldn't pay attention to the news at all!

    Is she married yet?

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