UNMASKED ECONOMIST: Sign of Things to Come: Riots in Milwaukee

giovedì 1 settembre 2011

Sign of Things to Come: Riots in Milwaukee

Sign of Things to Come: Riots in Milwaukee (Video)

AmpedStatus, September 1st, 2011 · · Economy, Hotlist, Video

Next week I will have a new report out on the riots that I believe will soon sweep across the US. I see the first phase of riots beginning along the lines seen in the video below, where people who are deeply impoverished look for the nearest person to attack or the nearest store to loot or vandalize. This will eventually lead to clashes with local law enforcement. Much like we have already seen in San Francisco and on a larger-scale in London. Throughout the US, we have also already seen the start of flash mobs, a trend I believe will continue to grow and occur more frequently. After this initial phase, I believe there will be more sophisticated rioting, crime and violence directed at banks, politicians, mega-wealthy individuals and rich gated-communities, as we have started to see sporadically throughout Greece, Germany, France and Italy.

There are many terrifying and ominous indicators, such as the percentage of young Americans who are not in the workforce (eligible workers up to the age of 24), which is now at a record high of 51%. As you will see in this video, in the city of Milwaukee the poverty rate is well over the critical threshold of 25%, among male African-Americans in the region 50% are now unemployed. Here is an RT interview with Bob Donovan, an alderman in the 8th district of Milwaukee, concerning a recent race riot that took place at a local fair.