According to Trends Research Institute ceo Gerald Celente, yes, and soon-and riots are not the only issue Americans will have on their hands.
In November 2007, Celente told UPI that the following year would become known as “The Panic of 2008.” Proven correct, he now paints a disturbing picture for 2009 and beyond. Celente says to expect food riots, squatter rebellions, tax revolts and job marches by 2012. “America's going to go through a transition the likes of which no one is prepared for,” he said.
But Celente is not alone in his sober forecast. In a recent Kitco.com post, Trader Tracks Newsletter analyst Roger Wiegand, painted a dark picture:
Social problems from massive unemployment will cause higher crime rates. One analyst estimates the U.S. murder rate will increase to 50,000 per year, matching national traffic accident numbers. Single mothers, children, elderly and others will go hungry. National government disaster planners cannot cope (think Katrina times 100) as they grossly underestimate how bad this can get and how swiftly it arrives. There is plenty of food but the handling and distribution problems will interrupt/delay deliveries. People eat daily, not once a month.
In response to public demonstrations, food riots and escalation of crime, federal troops will be called out and martial law implemented in the worst-case cities. The right-wing militias will be joined by other put-upon groups in fighting with these troops. With so many weapons throughout America, this is going to be ongoing and deadly.According to CNN, a record one in 10 Americans already gets government aid to buy food. That's over 32 million Americans!
According to Bloomberg, the real unemployment rate now stands at 15.6%, not the oft-quoted 8.5%.
According to the Washington Post, the latest job report foreshadows deeper job losses ahead.
According to USA Today, record numbers of consumers are behind on their non-mortgage loans.
According to the Christian Science Monitor, student debt levels and defaults are surging. Students owe a whopping $500 billion.
According to Reuters, one in eight U.S. homeowners is behind on loan payments or in foreclosure.
According to Associated Press, tent cities are springing up as people are forced out of their homes and onto the streets.
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