The economic crisis has lead to many credible warnings of crash-induced unrest:
- The head of the World Trade Organization
- The head of the International Monetary Fund (and see this)
- The head of the World Bank
- Credit rating agency, Moody’s
- U.S. Army War College monograph [click on Policypointers’ pdf link to see the report]
- Senator Christopher Dodd
- Congressman Ron Paul (radio interview on March 6, 2009)
- Britian’s MI5 security agency
- Leading economic historian Niall Ferguson
- Leading economist Marc Faber and billionaire investor Jim Rogers
- Leading economist Nouriel Roubini
- Leading economist John Williams
- Top trend researcher Gerald Calente
- European think tank Leap2020
- Washington’s Blog in February 2009 and again in December
The sense of outrage at the injustice of the rich getting richer while the poor get poorer is a growing global trend.
How, exactly, then are Jamie Dimon and Lloyd Blankfein different from Mubarak and Ben Ali? Is it because what they do is legal? That would be too easy; they make the laws. What Mubarak did was perfectly legal in Egypt; he made the laws. Is it because they wear no crowns? (Source)
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We are witnessing a decentralized global rebellion against Neo-Liberal economic imperialism. While each national uprising has its own internal characteristics, each one, at its core, is about the rising costs of living and lack of financial opportunity and security. Throughout the world the situation is the same: increasing levels of unemployment and poverty, as price inflation on food and basic necessities is soaring.
Whether national populations realize it or not, these uprisings are against systemic global economic policies that are strategically designed to exploit the working class, reduce living standards, increase personal debt and create severe inequalities of wealth. These global uprising, which have only just begun, are the first wave of the inevitable reaction to the implementation of a centralized worldwide Neo-Feudal economic order. (Source)
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February 18, 2011 – 16:45 (GMT+3) Bahrain’s army deliberately kills peaceful protesters with live rounds ( automatic weapon )
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US States with over 18% of the population on food stamps: (Source)
- Mississippi 612,889 — 20.7%
- Tennessee 1,264,407 — 19.9%
- Oregon 749,498 — 19.6%
- Michigan 1,920,330 — 19.4%
- New Mexico 399,454 — 19.4%
- Louisiana 866,905 — 19.1%
- West Virginia 345,683 — 18.7%
- Kentucky 813,041 — 18.7%
- Maine 241,117 — 18.2%
- South Carolina 839,109 — 18.1%
- Alabama 863,606 — 18.1%
The money used to save our zombie banks, and with them the entire mortgage and finance systems, could have been used to save things like water purifying plants, and roads, bridges, sewer systems, and don’t let’s forget jobs, and, ultimately, people. But it wasn’t. (Source)
Meanwhile, in the UK :
Mervyn King, the Governor of the Bank of England, said, ‘The price of this financial crisis is being borne by people who absolutely did not cause it.’ . . . “It is not like an ordinary recession, where you lose output and get it back quickly. We may not get the lost output back for very many years, if ever.” (Source)
Mervyn King is surprised anger at bankers is not greater: “Now is the period when the cost is being paid. I’m surprised the real anger hasn’t been greater than it has,” Mr King said, referring the harsh cuts being introduced by the government to slash the massive debts created by the financial crisis. (Source)
What’s next?
For one viewpoint see Analysis Of The Global Insurrection, based on David DeGraw’s book,
“The Road Through 2012: Revolution or World War III”:
Part One :: Neo-Liberal Economic Domination
I :: Centrally Planned Economic Repression
II :: Economic Imperialism: IMF Plunder of Egypt and Tunisia
III :: US-Egypt Economic Parallels: Inequality & Poverty
IV :: Debt Slavery: Unemployed, Underemployed, Underpaid, In Debt
V :: The American Dream Foreclosed Upon
VI :: A Recipe For Revolution: Tax Breaks for the Rich, Budget Cuts for the Poor
VII :: “Hungry People Don’t Stay Hungry For Long”
VIII :: The Empire State Rebellion
IX :: The Battle in Madison: A Sign of Things to ComePart Two :: The Most Repressive Regime: US Police State
X :: Torture: Made in the USA
XI :: American Gulag: World’s Largest Prison Complex
XII :: Loss of Civil Liberties
XIII :: Internet Crackdown
XIV :: Silencing Dissent
XV :: Protected By AnonymousPart Three :: Bring the Tyrants Down
XVI :: The Denial of Wealth
XVII :: Economic Death Squad
XVIII :: 99.9% Vs. 0.1%
XIX :: Join the Movement
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Related Articles
- Niall Ferguson Identifies The Six Reasons Why The West Became So Dominant (businessinsider.com)
- Back to the Global Imbalances Norm (ritholtz.com)
- You: Minding a world banker’s conflict of interest (search.japantimes.co.jp)
- War, Martial Law, and the Economic Crisis Excerpt from “The Global Economic Crisis: The Great Depression of the XXI Century” By Peter Dale Scott (gunnyg.wordpress.com)
- The Road Through 2012: Revolution or World War III
