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Athens Times

Fitch cuts Greek debt to junk

Fitch cuts Greek debt to junk
Fitch became the third rating agency to cut Greek debt to junk, highlighting persisting doubts over the country’s ability to pull itself out of a severe debt crisis that has shaken the euro zone.
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Riots over harsh new austerity measures left three bank workers dead and engulfed the streets of Athens on Wednesday, as angry protesters tried to storm parliament. The protestors also hurled molotov cocktails at police and torched buildings, police responded with barrages of tear gas. Gerald Celente says that the protests are protesting the too big to fails…………………………………………………………………………. Forecasting An article in the Washington Times has claimed “Celente’s accurate forecasts include the 1987 stock market crash, the collapse of the Soviet Union in 1991, the 1997 Asian currency crash” and “the 2007 subprime mortgage scandal.” His forecasts since 1993 have included predictions about terrorism, economic collapses and war. More recent forecasts involve fascism in the United States, food riots and tax revolts. Celente has long predicted global anti-Americanism, a failing economy and immigration woes in the US[13] In December 2007 Celente wrote, “Failing banks, busted brokerages, toppled corporate giants, bankrupt cities, states in default, foreign creditors cashing out of US securities … whatever the spark, the stage is set for panic in the streets” and “Just as the Twin Towers collapsed from the top down, so too will the US economy … when the giant firms fall, theyll crush the man on the street.” He has also predicted tax revolts. In November 2008 Celente appeared on Fox Business Network and predicted economic

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