Civil unrest in the US in the next few years

Demonstrations, violence, civil unrest, revolts, and even revolutions are going to shape a new face for many countries in the months/years to come. The reason is simple: the vast majority of people does not understand anything about politics or economics or finance, but what they do understand, is that they have to struggle to get food or pay rent, and that things are getting worst and worst, politicians do not care about them and hand over hundreds of billions to the banks. After some time, once they will see that not only haven't the problems been solved, but find that actually things got a lot worst, they will have only one place to go: the street.

But so far, we have seen many cases of violent demonstrations, and civil unrest: Iceland, Spain, Italy, Greece. These are not small and poor countries, these are western European ones. And things are far worst in Madagascar, Martinique and Guadeloupe. We are also seeing farmers demonstrate in many countries like Bulgaria, France, Greece, Lettonia, Germany who according to Jim Rogers, should be the ones who are going to profit from the current crisis.

And here's some more news for the UK, in the Gardian(read the full report for more details):

Britain faces summer of rage - police
Middle-class anger at economic crisis could erupt into violence on streets
Police are preparing for a "summer of rage" as victims of the economic downturn take to the streets to demonstrate against financial institutions, the Guardian has learned.

Britain's most senior police officer with responsibility for public order raised the spectre of a return of the riots of the 1980s, with people who have lost their jobs, homes or savings becoming "footsoldiers" in a wave of potentially violent mass protests.

Expect the same kind of trouble in Ireland, since the country is unofficially bankrupt. AFP/Google:
Up to 120,000 protesters brought Dublin city centre to a standstill on Saturday over government austerity measures aimed at stabilising the once high-flying economy now wracked by recession.

The demonstration came a day after the global economic crisis led to another political casualty elsewhere in Europe, with Latvia's prime minister quitting as his country grapples with deepening recession.

I have been talking about this for quite some time now but even my friends do not take me seriously and think that I am over-exaggerating things. So I am glad to see that some very clever forecasting gurus start also mentioning it.

Gerald Celente has been talking about it in recent interviews, and now, Jim Rogers, in this interview on an Indian TV, says that he expects civil unrest and violence in China (in the interview after 7"40) and even in the US in the next 3-4-5 years (in the interview after 5"20).

I am expecting things to get really really bad in the US, since they are have no social security for the poor, that education levels are very low, weapons are on sale everywhere, and poverty/unemployment/homelessness are rising at a frightening pace.


Central Bunk said...

In the Mid 80's Jim Rogers said that Iran would be the best place to invest. I like Jim but his macro calls are certainly far from being 100% correct.

pej said...

Yes, indeed. One can't be 100% right on their predictions. I have heard about him calling for investing in Zimbabwe before the whole hyperinflation started as well - but haven't read myself about it.

Wait&See I guess