Economist Martin Armstrong is predicting that rising resentment against the status quo as a result of economic inequality is likely to cause a serious political uprising before 2016.
"It looks more and more like a serious political uprising will erupt by 2016 once the economy turns down. That is the magic ingredient. Turn the economy down and you get civil unrest and revolution," writes Armstrong.
In making the forecast, the economist cites the case of 90-year-old World War 2 veteran Arnold Abbott, who is being targeted by authorities in Fort Lauderdale for defying a newly passed city ordinance that criminalizes feeding the homeless, an example says Armstrong of how "laws in the USA have simply gone nuts."
Armstrong, who correctly predicted the 1987 Black Monday crash as well as the 1998 Russian financial collapse, asserts that the downfall of the system will be its inability to gauge the anger that Americans currently feel towards their government.