Glenn Beck is predicting riots in the streets. And he is pretty damn accurate. We are seeing riots in England right now, and not just from the Police killing a man in an attempted arrest,...what fueled the riots is the general feelings by the "have nots" that they are getting the "short end of the stick". They like alot of us in the U.S. are tired of their government running this country into the ground.
Nowhere will this be larger issue if the high density population groups in the U.S. can't get food anymore either due to escalating prices or lack of availability....or fuel,......or really any commodity necessary for life or just plain survival.
We have seen two consecutive days of giant losses on the Stock Market. Over 500 point on Friday 5 August, then over 600 points on Monday 8 August. What is going to happen if the Stock Market goes into free fall?
If the economy falls back into recession, as many economists are now warning, the bloodletting could be a lot more painful than the last time around. “It would be disastrous if we entered into a recession at this stage, given that we haven’t yet made up for the last recession,” said Conrad DeQuadros, senior economist at RDQ Economics. And this is the good news. This is an understatement.
Anxiety and uncertainty have increased in the last few days after the decision by Standard and Poor’s to downgrade the country’s credit rating and as Europe continues its desperate attempt to stem its debt crisis. This is going to force the U.S. to execute entitlement reform, leaving millions without, or worse yet, have their credit dry up,..in effect becoming bankrupt.
We have had a population in the work force grow by 3% in the last four years, but jobs have declined, putting an extremely large number of people out of work and on some sort of welfare. What happens when the Government either begfins entitlement reform or just goes plain bankrupt and people have no choice really but to take what they need.
We are very lucky that fuel prices and interest rates have remained comparitively low, but that just cannot last for very much longer and the decline will become much more rapid.
Think about what you are going to do once food cannot be obtained, due to either high prices or unavailability. Where are the most likely places for riots to begin? Where will they migrate to? Speaking of migration, are you are a natural refugee route? How is your OPSEC? How many people know you stock food and supplies? Are you tracking the indicators of this potenial collapse?
As I post this the morning of Tuesday August 9th, I have no idea what will happen today, but you can be damn sure I'll have both the Television and radio on at work, as well as surf through revelent sites when I have the time,...and I will make the time. This week may very well be critical.
New York Times article: http://finance.yahoo.com/news/Second-Recession-in-US-Could-nytimes-2428475539.html?x=0
