Friday, February 27, 2009

We're On The Brink Of Disaster -- A Commentary

From Slate:

Feb. 26, 2009 | The global economic meltdown has already caused bank failures, bankruptcies, plant closings and foreclosures and will, in the coming year, leave many tens of millions unemployed across the planet. But another perilous consequence of the crash of 2008 has only recently made its appearance: increased civil unrest and ethnic strife. Someday, perhaps, war may follow.

As people lose confidence in the ability of markets and governments to solve the global crisis, they are likely to erupt into violent protests or to assault others they deem responsible for their plight, including government officials, plant managers, landlords, immigrants and ethnic minorities. (The list could, in the future, prove long and unnerving.) If the present economic disaster turns into what President Obama has referred to as a "lost decade," the result could be a global landscape filled with economically fueled upheavals.

Read more ....

My Comment: I always love reading doom and gloom commentaries. I personally do not believe the worse is going to happen, but I do believe we are going to have rough times for the next few years.


Anonymous said...

yes.. strange

Anonymous said...

я вот что скажу: шикарно!! а82ч