Tuesday, March 17, 2009
Depression Unrest Turmoil Instability Riots all coming and SOON
Marc Faber says:
The best bet for investors may be to buy a farm and escape from the cities, as a prolonged recession could lead to war, as the Great Depression did. If the global economy doesn’t recover, usually people go to war.
Jim Rogers says:
I expect to see social unrest, civil unrest in the United States a couple of years from now. Yes its changing the entire situation in the United States, the US is the largest debtor in the history of the world. There is a dramatic change taking place.
The world's century is moving from the west to the east, to Asia and many people have not figured this out yet.
Yes, you are going to see a lot of turmoil in the United States in the next 3, 4, 5 years.
Director of National Intelligence Dennis C. Blair said:
"The global economic crisis ... already looms as the most serious one in decades, if not in centuries ... Economic crises increase the risk of regime-threatening instability if they are prolonged for a one- or two-year period," said Blair. "And instability can loosen the fragile hold that many developing countries have on law and order, which can spill out in dangerous ways into the international community."***
Former national security director Zbigniew Brzezinski warned "there’s going to be growing conflict between the classes and if people are unemployed and really hurting, hell, there could be even riots."
The chairman of the Joint Chiefs of Staff warned the the financial crisis is the highest national security concern for the U.S., and warned that the fallout from the crisis could lead to of "greater instability".
Others warning of crash-induced unrest include:
The head of the World Trade Organization
The head of the International Monetary Fund
Senator Christopher Dodd
Congressman Ron Paul (radio interview on March 6, 2009)
Britian's MI5 security agency
Leading economic historian Niall Ferguson
Leading economist Nouriel Roubini
Leading economist John Williams
Top trend researcher Gerald Calente
European think tank Leap2020
The Start of TURMOIL HERE:
A group of disgruntled workers at a recently closed auto parts supply company in Windsor, Ont., have taken over the plant.
In the latest bizarre twist in a saga that has been brewing since two auto plants in the area shut down early last week, about a dozen workers occupied the Aradco plant Tuesday night. They have welded the doors shut from the inside and say they will not leave until they get what they are owed.
Work at the Aradco plant stopped last week because of a dispute between the plant owners and Chrysler, which has mused publicly about pulling out of its Canadian operations unless unionized workers make substantial concessions.
Employees reject severance offer
The Canadian Auto Workers Union that represents the Aradco workers say that in the wake of the shutdown, the workers are owed money for severance pay, vacation pay, and termination pay totalling $1.7 million.
The plant's owner, Catalina Precision Products Ltd. has offered the workers four weeks of severance pay — or about $200,000 in total for all 80 workers.
The plant builds parts for Chrysler. Since last week, Chrysler has been trying to go in and collect parts and tools it says are the company's, but the workers are not allowing it. They have been blocking trucks from coming on to the property. Union representatives say the workers fear that if the tools and parts are removed, they will have no negotiating power.
"Some of the workers here have decided to take over the plant. That's the only thing they have in order to try to get the monies that are owing to them," said Gerry Farnham, president of the CAW local representing the workers.