When I made this forecast back then it was written off by most of the
major broadcast and print media. Now, however, when one of their own, belatedly
and hesitantly, raises that possibility he is elevated to sage status and it
becomes big news. In early June, Democratic strategist James "It's the Economy,
Stupid" Carville, having finally mastered the higher math of adding two plus
two, warned that decaying economic conditions heightened the risk of civil
unrest.
As I described it all those years ago: "When people lose everything, and have nothing left to lose, they lose it."
Trend Forecast: The wars will proliferate and civil unrest will intensify. As we forecast, the youth-inspired revolts that first erupted in North Africa and the Middle East are now breaking out in Europe (See "Off With Their Heads," Trends Journal, Autumn 2010)
Given the trends in play and the people in power, economic collapse at some level is inevitable. Governments and central banks will be unrelenting in their determination to wring every last dollar, pound or euro from the people through taxes while confiscating public assets (a.k.a. privatization) in order to cover bad bets made by banks and financiers.
When the people have been bled dry financially and have
nothing left to give, blood will flow on the streets.
Trend Lesson: Learn from history. Do you remember when it first became apparent that the US economy was in deep trouble and heading toward the "Panic of 08"? Not many will. Most people were in a summer state of mind and in holiday mode. It was late July 2007 when the stock market suddenly plunged from its euphoric 14,000 high.
Though we had warned in our Summer 2007 Trends Journal (released that June) that "trends indicators point to a major crisis hitting the financial markets between July and November," the diving Dow was downplayed as a mere "hiccup" -- a time to pause between more mouthfuls of expansion.
As I described it all those years ago: "When people lose everything, and have nothing left to lose, they lose it."
Trend Forecast: The wars will proliferate and civil unrest will intensify. As we forecast, the youth-inspired revolts that first erupted in North Africa and the Middle East are now breaking out in Europe (See "Off With Their Heads," Trends Journal, Autumn 2010)
Given the trends in play and the people in power, economic collapse at some level is inevitable. Governments and central banks will be unrelenting in their determination to wring every last dollar, pound or euro from the people through taxes while confiscating public assets (a.k.a. privatization) in order to cover bad bets made by banks and financiers.
Trend Lesson: Learn from history. Do you remember when it first became apparent that the US economy was in deep trouble and heading toward the "Panic of 08"? Not many will. Most people were in a summer state of mind and in holiday mode. It was late July 2007 when the stock market suddenly plunged from its euphoric 14,000 high.
Though we had warned in our Summer 2007 Trends Journal (released that June) that "trends indicators point to a major crisis hitting the financial markets between July and November," the diving Dow was downplayed as a mere "hiccup" -- a time to pause between more mouthfuls of expansion.
See more at Trends Research Institute
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
7
6
4
