Trends Research CEO Gerald Celente on where the health-care protests may lead.
Automatically Generated Transcript (may not be 100% accurate)
" Time now for the diamond district every one if you watch this segment regularly you know. That my next -- warned about this nearly two years ago. Right here on the diamond district. There's a pattern in all of this starting with the April 15 tea parties and now let's now -- they health care to count all gone wild. What he says we are in fact that witnessing a second American revolution. Let me welcome back to happy outward transit research CEO Gerald Glenn -- he's doing this guy things sell out bear with 'cause. I -- good to see I can't -- you're here in the bar you predicted this when we first started. Happy hour nearly two years ago are ready that we are going to be seen these finally. Why kids talent all. Protest. You're right we're -- it."
" And this is just the beginning this is the third shot of the second the American revolution what we're seeing with these health wrote that the dot warning you mentioned would -- be walking right in April 15. Shot who was the fourth of July approach that. Throngs of people throughout the country -- the streets to protest. Taxation without representation."
" Right this is different this time go back in 2000 and -- for the stimulus packages and -- people with so against them but they had no -- to voice their discontent. We're running 500 who wanted congressional district. "
" Against them. But now the senators and congressmen ours. Throw away from the people and they're letting the people know how angry day --"
" Health care is only one of the many."
" Lawn. Of the revolution. That's going to break the Camel's back."
" Okay so we know what all the other ones are bailout for Wall Street. We can go on and not. What is the end result in your you know your predictions have been right on ten year predictions are pretty extreme. So. What are we expecting."
" We're going to defeat a lot more part of what we're seeing now you know might -- again. That would people lose everything and they have nothing left to lose they lose it."
" And you can keep people losing it this isn't like the baby boom -- of the Woodstock generation these are grown up. And it coated code to their representatives. Say you know get off it pedestal and stop the baloney."
" We all thought well I think it always has any more I realize that line."
" What -- the violent overthrow the government. We're going to see the 22010 elections completely yet stage of all the leadership. Are -- going to finally see a third real RD what what are we going to see what's the end result here."
" We're going to see a third party we're forecasting. The name that we're giving it at this time it's progressive libertarian."
" And by the way back in 19881 Michael franc tracking -- had forecast derived from the new third party and then he runs around. We have the same kind of emotions but on steroids now."
" This is big. We could even see the break up of America like the former Soviet Union. This isn't far back you see Little -- and the men and admitted regulations coming up. Testimonials. Going on and on throughout the country's second movement people are Fed up with the federal government that can't manage his own affairs. Selling the rest of the people out of that there."
" Okay so will that necessarily be a bad thing you know that's what a lot of people want they want a real. Third political party that provides some competition and real choice is there are a lot of people out there who want states that have a lot more rights rather than the federal government so what -- predicting is that necessarily a bad things from them for the for this country."
" Well now it's not a bad thing because we haven't been whether one party system that the continuation of day at policies. They -- involving himself like failure. For the first stimulus package and off we need it -- though it. It's gonna save the day with another stimulus package a -- where -- about Rebecca."
" Is that they beat their failures on that apply to -- that the failures and when all else fails and we're living history the next step is one."
" excellent today as CEO of trends of the research and joining us via -- on the diamond district thank you -- Thank thank you."
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