The Coming Depression
Wednesday, March 18, 2009
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
This article was posted: Wednesday, March 18, 2009 at 5:30 am