The Global Economic Crisis: Riots, Rebellion and Revolution

Politics / Recession 2008 - 2010
Apr 07, 2010 - 05:35 AM

By: Andrew_G_Marshall

This is Part 3 of the series, "When Empire Hits Home."

Part 1: War, Racism and the Empire of Poverty http://globalresearch.ca/index.php?context=va&aid=18263
Part 2: Western Civilization and the Economic Crisis: The Impoverishment of the Middle Class http://www.marketoracle.co.uk/Article18282.html

As nations of the world are thrown into a debt crisis, the likes of which have never been seen before, harsh fiscal ‘austerity’ measures will be undertaken in a flawed attempt to service the debts. The result will be the elimination of the middle class. When the middle class is absorbed into the labour class – the lower class – and lose their social, political, and economic foundations, they will riot, rebel, and revolt.

Ratings Agency Predicts Civil Unrest

Moody’s is a major ratings agency, which performs financial research and analysis on governments and commercial entities and ranks the credit-worthiness of borrowers. On March 15, Moody’s warned that the US, the UK, Germany, France, and Spain “are all at risk of soaring debt costs and will have to implement austerity plans that threaten ‘social cohesion’.â€