World Bank warns of social unrest

reply to post by wonderworld


In a previous post you mentioned a possible run on the banks, and in reality if it did occur on a wide scale that could be a cause of social unrest to the extreme, especially if governments were to shut down banks and financial institutions to prevent complete collapse.

It is like a dam that is badly damaged and leaking, if it fails there may be nothing they can do to prevent chaos.

Originally posted by SLAYER69
It's more like they are worried and they just want to save their own KEESTERS!

Better to have said something beforehand than to have said nothing and be blamed for withholding the truth.

Again, I say you do not need to be a leader to see the potential here for "social unrest" though being the head of the world bank would require a great deal of forethought before publicly warning of it.

It is what he isn't saying that should be worrying.

reply to post by Walkswithfish


Yes, they have already locked people out of their 401K plans. Last year they shut the banks down for one hour to prevent a total collapse. In can happen within 1 hour. It was an electronic run on the banks. This is when FDIC raised the insurance from 100,000 to 200,000 but I think it only lasts for a year.

People put too much faith in FDIC, they are borrowing money to keep up. If all banks went belly up at once FDIC does not have enough money to insure our money. What then?

reply to post by Walkswithfish


I would recommend we buy a cheap camper or trailer and leave Dodge if SHTF. Head to a less populated area to avoid crime and chaos. The survival threads also have useful information.

People will go in to panic mode if they close banks and the shelves in the grocery stores are bare, with Military tanks parked outside.

Crime will increase and it wont be safe for our families. Most dont own guns. Those opposed to owning guns should buy baseball bats and Mace, pepper spray.

reply to post by mithrawept


It is quite easy to see why Robert Zoellick says what he says, the World Bank and IMF want more power (centralized, global). My bet is that the strong currency pendulum will swing away from the US and parts of the EU this time, especially the US since they have borrowed too much, their currency is not backed up by a sound and healthy economy. USA credit rating dropped from triple A (means it becomes more expensive to lend) last week.

"Short-term, the way to bring down the deficit is to get this economy moving again," Gibbs said. "Medium-to long-term, we have to get our fiscal house back in order, and that's why the president was pleased that Congress passed a budget that cuts the deficit in half in four years."

www.foxnews.com...

reply to post by reugen


Thanks for that link, the following is rather ominous:

Credit ratings determine how much it costs for governments or corporations to borrow money. A triple-A rating is the highest rating available; conversely, junk status is the lowest.

A downgrade on U.S. credit would make it more costly for the government to borrow money, leading to bigger returns for investors and higher interest rates in the private sector for businesses and individuals. That could also lead to a decline in investment spending and drag the economy's growth down, leading to fewer profits and incomes for the government to tax.

The government plans to spend their way out of this?

Scary thoughts...

The problem is the cult of Obama.

It's sad but many people have built a cult of personality around Obama and him and Bush are twins when it comes to the economy.

Bush and now Obama borrows and spends like there's no tomorrow.

Obama says the debt can't be sustained yet he plans to spend 9.3 trillion over the next 10 years.

He has buried us in 1.84 trillion in debt in 100 days in office.

National debt is 82% of GDP!!

This is unbelievable. Obama is taking over companies and dismantling the economy and it's okay because the people like him.

Clearly if you look at Bush and now Obama they have destroyed this economy. There's no way that we can sustain this spending in a global economy with cheap labor.

And so it begins...

The 'social unrest' comment is only a hint of what is to come. Be prepared to fall back on the old barter system, as the current credit system is rasping and weezing in its death throws. Those that don't have the foresight to begin preparing NOW (or at least a year ago) will be the ones that will initiate the unrest, as they will have absolutely nothing to fall back upon.
Oddly enough (snicker) , these are the same folks that are singing the praises of Obama and his ilk. My guess is that a 'We told you so' will be in order...

I don't believe that 12/21/2012 will be the end of the world, but I do believe that it will be the end of civilization as we know it today.

Unlike just about everyone who's posted on this thread so far, I don't fear social unrest. I'm appalled by the lack of it.

If the government and corporations are going to keep turning the screws on us then we need to put some pressure on them. If that means street protests, strikes, and civil disobedience then that's the way it's going to have to be.

Obama has already made it pretty clear whose side he's on and it's not ours. This economic crisis is man-made and the men who made it got hundreds of billions of OUR dollars while the rest of us lose our shirts.

If you want your voice to be heard then go buy a gas mask because tear gas stings like a mother.

You still need to realize folks that if the SHTF that running to a remote area of ANY kind would only render you a target unless underground. They are not going to single out as many targets in urban areas compared to remote groups of people in the hills. Who is going to care about any remote "Right wing extremists camp" that is taken out well outside every ones focus of attention?


I believe it is better to be in full view with the masses rather than a location that you can silently be singled out.....unless..... you are truly able to hide and be COMPLETELY unnoticed.

Originally posted by platosallegory
Obama says the debt can't be sustained yet he plans to spend 9.3 trillion over the next 10 years.

He has buried us in 1.84 trillion in debt in 100 days in office.

National debt is 82% of GDP!!

The best way to completely change our government to a new socialist, globalist and in some ways a Marxist system is to first destroy the existing system... Capitalism must go, the dollar must go, the people need to be broken and needy.

If it isn't planned it sure as hell is a very remarkable coincidence.

The global community awaits our destruction and rebirth as citizens of the world!

Prepare for what is next, it could get quite ugly along the way.

reply to post by milesp


i couldnt agree more. if there was more social unrest, maybe we wouldnt be where we are today. this isnt something that has happened overnight. it is the result of careful, calculated planning and now we are at a point where the government does what they want and we are able to do little about it. its just a shame that being young, i have only recently broken free of the sheeple mentality and seen what is really going on here.

yeah a warning shot... right between the eyes.

why bother now? what, just in case they are actually held accountable? doubtful. probably just amusing themselves. these ghouls are arrogant enough to forget what happens to people like them because they are able to manipulate people like us.

If you doubt that there is a socialist agenda seeking to exploit this crisis consider the following report:

The world economic crisis, the failure of capitalism and the case for socialism

www.wsws.org...

1. The capitalist system has entered the most serious crisis since the Great Depression of the 1930s. In response to this crisis, workers must advance a socialist solution. Moreover, the crisis is international, affecting working people in every country of the world. There is no national solution to the breakdown of globally integrated capitalism. The World Socialist Web Site, the Socialist Equality Party, and the International Students for Social Equality put forward the following program as the basis for a new social and political movement of the working class.

We've already seen the current US President and administration pushing for socialist healthcare, as well as other socialized programs within the trillions of new spending in this time of crisis. Taking over control of the banks and financial institutions as well as the major industries, in short time, if this crisis worsens they will use it to kill the capitalist system all together.

Click the link for the full article, recommended reading.

President Obama has use the words "remake America" so I suppose we can't say that the agenda is hidden and their actions so far have clearly exposed the first phase of their plans.

"We should never waste a good crisis"

reply to post by Walkswithfish


Haha, no doubt that the World Socialist Web Site has a socialist agenda! Walkswithfish has exposed them!

Does Obama and co. have a socialist agenda? Probably not, but I guess it depends on your perspective. I think He's probably closer to Clinton than Castro, but I suppose if I was a Laissez-Faire capitalist I would think he was Stalin.

Latest from the world bank..

World Bank sees even worse slump

news.bbc.co.uk...

The world economy will shrink by much more than previously thought, according to the World Bank.

The world economy will contract by 3% this year, far more than the 1.75% drop it predicted earlier this year.

"Most developing country economies will contract this year and face increasingly bleak prospects," World Bank president Robert Zoellick said.

The gloomier forecast comes despite recent signs that the worst of the recession is over.

This year is likely to be the first global recession since World War II.

Interesting article if you have time for the full read.

Either we move to the IMF or we are doomed and since most people don't want a global currency that will cause the unrest he is speaking of. Too many people know about their plans so they have to make it seem like those people are just trying to make the world a bad place to live in (x-factor).