Rioters Burn London – Scroll through and look at the photos of urban destruction. I think a whole lot of this rage is economic frustration vs. racial tension. As the economy deteriorates here in the US, will this type of crime manifest here? I fear the answer is “it’s likely”.
If socialism worked, the Iron Curtain would have been torn down from the other side. The welfare-warfare-police state expands itself yet again. What happened to free enterprise? I want my country back.
Oh, and I plan on buying some more gold tomorrow. What do you think happens to the value of the dollar when the criminals at the Federal Reserve create a few billion more of them out of nothing? You did know the value of the dollar is down over 95% since the creation of the Federal Reserve system in 1913, right?
“While soaring food prices have triggered rioting among the starving millions of the third world, in wealthy Japan they have forced a pampered population to contemplate the shocking possibility of a long-term — perhaps permanent — reduction in the quality and quantity of its food.”
Hard to believe that the rich are worried about their food supply. Why? Because they rely on imports. We all know the folly of depending on imports for oil. Food appears to be another vulnerability.
Perhaps we will realize that globalization of trade is going to pauperize all of us, except the 2 or 3% at the top of the economic pyramid. I don’t hear our Presidential wannabes proposing solutions, do you?