Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Economic Riots, The U.S. Is Becoming a Very Frightening Place

Politics / US Politics Aug 18, 2011 - 08:23 AM GMT

By: LewRockwell

Politics

Best Financial Markets Analysis ArticleEconomic Collapse Blog writes: You should let the video footage of the wild violence that just took place in London burn into your memory because the same things are going to be happening all over the United States as the economy continues to crumble. We have raised an entire generation of young people with an "entitlement mentality", but now the economy is producing very few good jobs that will actually enable our young people to work for what they feel they are entitled to. If you are under 30 in America today, things look really bleak.


The vast majority of the good jobs are held by people that are older, and they aren't about to give them up if they can help it. It is easy for the rest of us to tell young Americans to "take whatever they can", but the reality is that there is intense competition for even the most basic jobs. For instance, McDonald's recently held a "National Hiring Day" during which a million Americans applied for jobs. Only 6.2% of the applicants were hired. In the old days you could walk down to McDonald's and get a job whenever you wanted to, but now any job is precious. The frustration among our young people is palpable. Most of them feel entitled to "the American Dream" and they feel like the system has failed them. Unfortunately, many of them are already turning to violence. But the economic riots and the civil unrest that we have already seen are nothing compared to what is coming. Americans are angry, and as the economy continues to collapse that anger is going to reach unprecedented heights.

In recent days, even many in the mainstream media have been openly wondering if the riots that happened in London could happen here too. There is a growing acknowledgement that this country is headed down a very dark path.

The sad thing is that these riots accomplish absolutely nothing. The recent London riots did not create any jobs and they certainly did not solve any economic problems. Instead, they actually hurt the economy even more because a huge amount of property was destroyed and people are even more afraid to continue with business as usual.

But when people get to the end of their ropes, most of the time they are not thinking rationally. When frustration erupts, the results can be very, very messy.

All over the United States we are already seeing some very troubling signs of the violence that is coming. The following are 10 signs that economic riots and civil unrest inside United States are now more likely then ever....

#1 Going to the state fair used to be such a fun thing for American families to do. But now no place is safe. The following is how one local ABC News affiliate described the "flash mob" attacks that took place at the Wisconsin state fair recently....

Milwaukee police said that around 11:10 p.m., squads were sent to the area for reports of battery, fighting and property damage being caused by an unruly crowd of "hundreds" of people. One officer described it as a "mob beating."

Police said the group of young people attacked fair goers who were leaving the fair grounds. Police said that some victims were attacked while walking. They said others were pulled out of cars and off of motorcycles before being beaten.

One eyewitness said that the flash mob attacks at the Wisconsin state fair absolutely overwhelmed the limited police presence that was there....

When I saw the amount of kids coming down the road, all I kept thinking was, 'There's not enough cops to handle this.' There's no way. It would have taken the National Guard to control the number of kids that were coming off the road. They were knocking people off their motorcycles.

#2 According to a new Rasmussen survey, 48% of Americans believe that reductions in government spending are "at least somewhat likely" to result in civil unrest inside the United States. Unfortunately, perception often greatly influences reality.

#3 U.S. consumer confidence is now at its lowest level in 30 years.

#4 Joblessness among young Americans is at an epidemic level, and when rioting does break out it is usually young people that are leading the way. That is why the following statistics from an article in The Atlantic are so troubling....

One in five Americans are between 15 and 29-years old. And one in five of those Americans are unemployed. For minorities and the under-educated, the picture is much worse. Black teenagers have an unemployment rate of 44 percent, twice the rate for white teens.

#5 We are starting to see mindless violence in a lot of areas that used to be considered safe. In Kansas City on Saturday night, three young people were hit with bullets as they walked the streets of the Country Club Plaza. Mayor Sly James was about 50 yards away when the gunfire erupted. Authorities in Kansas City are considering a stricter curfew for that area.

#6 "Flash mobs" have become such a problem in Philadelphia that the mayor has imposed a strict curfew on young people. Now all teens between the ages of 13 and 18 must be indoors by 9 o'clock at night. The mayor also says that teens need to start pulling up their pants....

"Pull your pants up and buy a belt ’cause no one wants to see your underwear or the crack of your butt."

#7 All over the United States we are seeing that many struggling Americans will do just about anything for money. For example, in Detroit recently three masked men crashed a vehicle through the entrance of a gas station and took off with an entire ATM machine.

#8 Desperate people do desperate things. Many of America's "forgotten poor" are trying to survive any way that they can. For instance, a group of vagrants recently set up "a makeshift camp" near Prospect Park lake in Brooklyn. According to the New York Post, many nearby residents have been disturbed by what these "drifters" are doing to survive....

The drifters have been illegally trapping and cooking up the critters that call the park home, including squirrels, ducks and swan-like cygnets.

They used crude tactics to hunt their prey, including barbed fishing hooks that ripped off the top half of one poor gosling's beak. They then cooked the meat over illegal fires. Some of the animals were eaten raw.

#9 According to CNN, sales of safes and vaults are absolutely soaring right now. One store owner told CNN that she believes that she is selling a lot more safes now because people are scared that civil unrest could be coming....

"Folks are worried about the decreasing value of the dollar, burglaries on the rise in their neighborhoods ... and even the possibility that the unrest we are seeing in other parts of the world slipping over to our country."

#10 Over the past 100 years, the American population has moved steadily into our big cities and the surrounding suburbs. This has created virtual "ghost towns" in our rural areas from coast to coast. Back in 1910, 72 percent of Americans lived in rural areas. Today, only 16 percent of Americans live in rural areas. But when you crowd huge masses of people close together that makes riots and civil unrest much more likely.

Most Americans are already fed up, and the economy is not even that bad yet. One recent survey found that 73 percent of Americans believe that the nation is "on the wrong track". Another recent poll found that only 17 percent of Americans now believe that the U.S. government has the consent of the governed.

Millions of very frustrated young people believe that the economic system has failed them and that the political system no longer holds any answers.

America is rapidly approaching a breaking point. I have written previously about the collapse of society that we are already witnessing all over the United States. When the economy totally breaks down, most Americans are not going to be able to handle it.

Sadly, instead of coming together and trying to do something productive, many Americans will resort to rioting, looting and civil unrest. We have already seen this during local emergencies such as Hurricane Katrina.

But mindless violence accomplishes absolutely nothing positive. It just always makes things worse.

Unfortunately, logic and reason are not going to be enough to stop the gigantic wave of frustration that is coming. For most of the rest of us, it will be hard enough to get out of the way and protect our own families from the economic riots and the civil unrest that are coming.

The thin veneer of civilization that we all take for granted is starting to disappear. Hatred and anger are growing by the day. The United States is becoming a very frightening place.

So get ready. Our politicians certainly don't have any answers for us. The debt ceiling deal was a complete and total joke, and corruption is absolutely rampant in Washington right now. Barack Obama is getting ready to leave for yet another vacation, and most of our politicians are only focused on the next election.

So don't expect a "miracle" from those that are supposed to be leading us.

They don't care about you.

You need to take care of yourself and your family and your friends.

A massive economic collapse is coming, and most Americans are going to be totally blindsided by it.

Don't let that happen to you.

Economic Collapse Blog.

http://www.lewrockwell.com

© 2011 Copyright Economic Collapse Blog / LewRockwell.com - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

dr ray
19 Aug 11, 10:43
civil unrest

The rioting in England is only indirectly linked to economic circumstances. The underclass who were largely involved don't look for jobs anyway so the lack of jobs is not a problem.

The rioting was allowed to get out of hand by the British police who are in dispute with the government over pensions and job losses and over allegations of corruption among senior officers (who sold information to tabloid newspapers). Once the population saw the police were not going to intervene the word quickly spread. Also the protestors (mistakenly) imagined they had nothing to lose as prison places are scarce and sentencing has previously been extremely soft on even serious crime such as robbery with violence. some rioters were interviewed during the rioting as asked rhetorically "what are they going to do if they catch me?"

The nearest equivalent in the US is probably the looting in New Orleans after Katrina or the Los Angeles riots neither of which were associated with the current economic problems.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in