It’s hard to argue with a guy in a white suit…
Gerald Calente, recession-porn star and founder of Trends Research Institute, warn to expect riots, mass poverty, class-warfare, plague, and locusts.
He argues that, effectively, the American middle class is gone. We’ve transitioned from a workforce with a manufacturing middle class to a workforce of Wal-Mart checkers. The bailouts, sold to us as help for the middle class, have only served to make the rich richer and the poor poorer.
Right or wrong, Calente is charismatic and an interesting interview.
August 21, 2010 at 6:50 am
I think he’s right, but I hope he’s not. I hate locusts. lol