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In 2011, "violent shocks....will explode the faulty safety devices put in place since 2008" and will erode the "pillars" on which the "Dollar Wall" rested for decades until gold no longer backed it. Overall, 2011 will be chaotic. All bets are off. "The crisis ball rolls and everyone holds their breath so it doesn't fall" squarely on them.
Soaring food, energy and other commodity prices will continue. Inflation will rise. It's higher than reported. Tunisia is instructive. Impacted by high food and energy prices as well as unemployment, American and other "godfathers" couldn't prevent street protests collapsing a friendly regime, now struggling to reinvent itself.
America's leadership is eroding. Europe is weak, and BRIC countries (Brazil, Russia, India and China) are not ready to control the global economy so can only "quietly undermine what remains of the foundations of pre-crisis order."
Fragility defines 2011 with many nations "on the verge of socio-economic break-up," especially America and Europe where real unemployment and poverty are rising, social benefits are disappearing, and angry people are beginning to react. The incendiary mix "ha(s) the making of political time bombs."
History often signals warnings "before sweeping away the past." It came in 2008, 2011 to "do the sweeping." Only nations that have "adapt(ed) to the new conditions" will weather them. "(F)or the others, chaos is at the end of the road."
Trends forecaster Gerald Celente says 2011 will be a "wake-up call (for) how grave economic conditions have become" because of ineffective, self-serving, counterproductive solutions. As a result, he sees "crack-up" ahead based on reliable indicators like unemployment, housing, currencies and sovereign debt problems, "all border(ing) between crisis and disaster."
Teetering economies will collapse. Currency wars will continue. Trade barriers will be erected. Economic unions will splinter, and "the onset of the 'Greatest Depression' (will be) recognized by everyone." As governments "extract funds to meet fiscal obligations," working populations will be hurt most, and they'll react publicly, including by hardship-driven crimes, whatever it takes to survive. A "war on crime" will follow, everyone guilty unless proved innocent.
"The closer we get to 2012, the louder the calls will be that the 'End is Near!' " For many, it'll feel that way because of harder than ever hard times.
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