Progressive Libertarian party to rival Republican and Democrat

Gerald Celente predicts a second American revolution with the rise of a third party - a Progressive Libertarian party - by 2012.

Celente is not ruling out the break-up of America, as happened to the Soviet Union. This prediction comes in the wake of states threatening to cecede due to the government's continual attack on states' power and total disregard for the revered constitution.



Russia Today interviews Celente, who predicts that we've seen nothing yet; we are headed for a depression, not a recovery, not least, due to the 'quantitative easing' which is postponing the inevitable.

Peter Schiff concurs, having predicted the 2007 crash in 2001. It happened, he said because in 2001, the government inflated the money supply in order to stave off recession and that this only created a bigger bubble. Using that logic, the goverments of the UK and US are inflating the bubble further, which is likely to lead to a collapse in the value of the dollar and the pound, should steps not be taken to let the markets take their course and let failing companies fail.

He predicts a revolution by disenfranchised people from both the left and the right, with Obama being a one-term President - and the emergence of a third party.

Again, he likens those in control of the economy with the Mafia.