As the quarterly earnings season heats up we are seeing massive cracks in the global economy. Most recently mega-retailer Walmart announced flat-lining sales and say that they expect earnings per share to collapse as much as 12% next year citing higher employee costs and a bleak economic outlook.
But financial pundits continue to look at such reports from some of the world’s biggest companies on the planet as a minor hiccup, doing everything in their power to assure the American people that we remain on a recovery trajectory.
A new report from the World Bank, however, has some very unsettling news for those who think that we are almost out of trouble. According to the report, the world has to create some 600 million jobs over the next 10 years just to keep the system afloat – an almost insurmountable task given that jobs are being wiped out, especially for younger workers, across the United States, Europe and Asia.
Across regions and continents, people 15 to 29 years old are at least twice as likely as adults to be unemployed. The world will have to create 600 million jobs over the next 10 years, or 5 million a month, just to prevent the situation from getting worse, the Washington-based lender said in a report it released Tuesday with coalition partners such as the International Labor Organization.
The World Bank’s report highlights a troubling trend, soon to reach more “civilized nations” as the global economy continues to dip into recession:
At stake is the well-being of the entire global economy. Without an income, millions of young people slump into poverty. By delaying their entry into the workforce or accepting low-paying jobs, many limit their lifetime earning potential. When young people don’t work, governments don’t get the tax revenue and businesses fail to gain customers.
“Social costs are ever mounting as well,” the report said, citing youth-led uprisings in many Arab countries and the rise of economic insurgency and youth extremism. “What we see is a generation in economic crisis.“
Estimates suggest that about 100 million Americans are currently not working – fully one-third of the U.S. population. And as you might expect, about 100 million people are receiving some form of government assistance just to cover their basic necessities.
With unemployment running at Great Depression levels across the United States and no decent jobs being created, we can see that the rise of extremism and “economic insurgency” will not just be limited to the middle east.
Riots are coming to America.
That may sound sensational and alarmist, but experts have repeatedly warned of this real possibility coming to pass.
Financier George Soros, who is rumored to be one of the puppet masters behind not only certain financial market movements, but highly placed politicians, has said that the next financial collapse will lead to a government clamp-down and violent riots in the United States:
“At times like these, survival is the most important thing,” he says, peering through his owlish glasses and brushing wisps of gray hair off his forehead. He doesn’t just mean it’s time to protect your assets. He means it’s time to stave off disaster. As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil.”
Europe is confronting a descent into chaos and conflict. In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether.
…
“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”
While hard to imagine such a scenario in the Land of the Free, The Prepper’s Blueprint author Tess Pennington explains that the Anatomy of a Breakdown is such that the system can descend into chaos very rapidly, likely with no warning to the general population:
Have you ever heard the saying, “We’re three days away from anarchy?” In the wake of a disaster, that’s all you have is three days to turn the crazy train around before crime, looting and chaos ensue. In reports during the aftermath of hurricane Sandy, residents from Staten Island were pleading for help from elected officials, begging for gasoline, food and clothing.
Similar stories of looting occurred during the tornado in Joplin, MO of 2011. This time, the looting occurred from national guard soldiers patrolling the area.
Multiple factors contribute to societal breakdowns including failure of adequate government response, population density, citizens taking advantage of the grid being down and overwhelmed emergency response teams.
The 3-5 days following a disaster is the bewitching hour. During this short amount of time, the population slowly becomes a powder keg full of angry, desperate citizens. A good example is the chaos that ensued in New Orleans following the absence of action from the local government or a timely effective federal response in the aftermath of Hurricane Katrina. In such troubled times, people were forced to fend for themselves and their families, by any means necessary.
The trajectory we see now is a continued degradation of the global economy, suggesting that those 600 million jobs will not be created anytime in the foreseeable future.
The end result will be a populace who will have no choice but to turn to theft and violence just to survive. This will become apparent in rising crime rates, and eventually many of us will witness the breakdown right outside our front doors.
The bottom line is this: when people can’t afford to buy food the desperation will become enormous and it will be horrific for those who failed to prepare.
Also Read:
This Chart Shows Just How Bad Unemployment Is Today Compared to The Great Depression
Total System Collapse In Real Time: “Due to the Shortage of Food… the Desperation Is Enormous”
This Is Why You Stay Home When the Rioting Starts (Graphic Violence)
It Took 22 Years to Get to This Point
Iowa's governor Kim Reynolds has extended that bird flu "disaster declaration" after the virus was...
President-elect, Donald Trump has announced that he will enforce tariffs on Mexico, Canada, and...
This article was originally published by Michael Snyder at The Economic Collapse Blog under the...
The state of California has killed around 8.4 million birds in the past month during the current...
Commenting Policy:
Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.
This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.
FEEL THE BERN WANTS TO RAISE THE MINIMUM WAGE TO $15.
HE PAYS HIS INTERNS $12.
2/3 OF THE NATIONAL DEBT IS A FIGMENT OF YOUR IMAGINATION. WHY THE FUCK WOULD I PAY INTEREST TO USE MY OWN CURRENCY?
1/3 OF THE NATIONAL DEBT IS REAL, WE OWE IT TO OTHER COUNTRIES.
Good one Acid! Keep at it.
Good one Acid! Keep at it.
“The end result will be a populace who will have no choice but to turn to theft and violence just to survive.”
OH, THEY HAD A CHOICE, ALRIGHT: They just chose an iphone 6 over some extra food in their pantry.
They chose McDonalds over a bag of rice and some cans of soup for the cupboard.
They chose to not bother to fill a few jugs with some water and set it in a corner, just in case.
They chose to run up a bunch of debt, without buying one thing that could be remotely useful in SHTF…not even some extra wool socks. (After all, high heels makes their legs look slimmer…)
They chose to go see the newest hollywood flop at $12 a pop and paid another $12 for a pop and some popcorn, rather than stick a $10 bill in their sock drawer just in case.
THOSE PEOPLE, I DO NOT FEEL SORRY FOR.
you may not feel sorry for them, but they’ll come looking for you.
Yes, the test run was when a young and ‘in-shape’ neighbor
moved in and basically demanded to use my water and related resources. Funny, those ‘in-shape’ types love to use what I put aside but make themselves scarce when there’s actual work to be done. That yound tard will be in serious trouble, soon.
Acid, good one this time.
Good news, the BLS has just issued it’s jobs report and has stated that we have indeed created 600 million new jobs in this quarter but they have now readjusted their forecast by 600 million on the downside.
Treasury’s Lew Says U.S. Will Hit Debt Ceiling No Later Than Nov. 3
“Lew also said the U.S. government would not be able to meet most of its obligations without a higher debt ceiling…”
http://www.foxbusiness.com/economy-policy/2015/10/15/treasury-lew-says-us-will-hit-debt-ceiling-no-later-than-nov-3/
FOX news is total bull manure! I watched a little of their bull s– the other day and it was total lies/propaganda! No wonder they call them “pressitutes”! Totally fitting word! That is all they are! A f– bunch of prostitutes!
News about the debt ceiling was also printed on a number of other websites.
KY Mom, here come the cuts. The next President will be charged with cutting social programs so that we can pay the Banksters interest on the money they printed out of thin air.
Our banking system is the most incredible/unbelievable thing I have ever heard in my life. That the greatest country in the world does not control its own money supply. I hope we never forget the “Golden Rule”, he with the gold/money rules!
The shits gonna happen before the next POTUS is selected.
Same as it ever was .
instant replay and more freedom lost.
I dunno man, been hearing that for the last two elections.
Elect Donald Trump then, at least him saying “you’re fired” to the poor would be believable. I can’t see Hillary pulling it off. I’m sure she would anyway but that would be the end of the Democrats for the next 15 years. I’d sit this one out if I were them.
JFK wanted to have the Treasury Department take control away from the Federal Reserve and print US Notes and look what happened to him!…
Thats a good one.
I’m stockpiling sawdust in bags to make filler for “ersatz” bread.
I see the embedded link to BI’s 3 year old post has over 180,000 hits.
Bet that’s the most hits on any article ever posted on here.
What 3 yr old post ?
Reuters is now using TMZ and US Weekly as sources of information. Isn’t that the sixth sign of the apocalypse?
When they use Gawker then we should just kill ourselves.
or “the onion”…
If I lost my job I could still make a living wheeling and dealing on craigslist. Fookin 1 skill zombies think thats all they ever need lol. There are a lot of people in my area going off grid and it’s great for solar sales 🙂 Just in my side biz I make more than some minimum wage worker. and with only a few hours of work lol. Fookin idiots cant use power tools or fix anything or read how to do stuff will pay you very well to do it for them. Sell firewood or fix cars or do plumbing or electrical or carpentry or buy shit at yard sales and sell it on ebay or sell used books on amazon or do yard cleaning or painting or build sheds or whatever, if you can’t make money somehow your an idiot! 😛
I think they have a master plan to create these jobs; slavery. Remember the CCC camps of old? They’re coming back new and improved, with no doubt a new name to hide the fact that it is de-facto slavery although the Civilian Conservation Corps has a nice ring to it. That National Recovery Act or NRA for short will be a no no.
There was not be a CCC again. In the 1930 when the CCC was in effect, people had to work to make money.
Now everybody is on welfare and nobody will work. They expect the government to give it to them for free.
That will end. TPTB have no desire to have long term “useless eaters” on the dole. The end game isn’t done yet and the natives still pose a collective threat to the power structure. Once power is completely consolidated you’ll be told, when, where and how; don’t ask why.
Global society is morphing into an insect colony.
Kevin2, I keep telling people that they want to destroy the individual and make everything about the collective. But I insist that we are pack animals not insects, consequently, their efforts will ultimately fail.
I WOULD PAY to see them gather up the hood rats, gangbangers and welfare queens, and make them put in a days hard work! I think if they tried, our govt problems would be solved, after they rioted and burned down the camps.
The collapse has been slowly accelerating all the while we’ve been blogging. They say when the average man is spending 40% of his income on food the riots will come. I wonder how far we are from that point. Does anyone know? Businesses will be smashed up. Police will be assaulted. When you see people openly using violence in the streets, you’ll know the time has come to GOOD.
Kissinger said that you control governments with oil and people with food. Poland unified against their communist masters when Soviet subsidies for food were cut raising prices to an unaffordable level. As long as bellies are filled the masses are placated. Circus is easy after that completing the master / slave relationship.
Einstein said, “An empty stomach is not a good political barometer”. The tyrants of humanity all rode the wave of hunger into power.
I estimate I’m about at 25% now, but some of that is going into long term storage.
On the sinister side.
How much belief do you have in George Soros when he makes open statements about riots and civil unrest. Do you believe that he does have major influence on the governmental outcomes of countries. Is it all for his son to fall into his footsteps and continue toward the NWO.
“A period of Evil”, he says. He is Evil Personified.
@@@@@@@@@@@@@@@@@@@@
Tried that can with treble hooks. Must have fat thumbs. Got stuck a few times. Going to try some type
of clip on’s.
ahhaha LMFAO
create?
create?
the fuck you say? they been shipping jobs for all points other than the USofA for years
we didnt cause this ,, our lovely “representatives” and “figure heads” need to cook for this, I’m done breaking my back for those ungrateful pieces of shit!
they probably scare away more than 5 million jobs a freakin month here
My favorite is NASA. America does not have a manned space program now.
All that talent is lost, all those expierence people moved on. There is no rebuilding the manned space program.
But we can always count on Russia to give us a ride now.
I hear ya man..its pathetic aint it?
“All that talent is lost, all those expierence people moved on”
On from civilian to military applications.
❤
Russia starting to look good compared to us huh?
Jim In VA, so true. Russia has a low flat rate tax system and people have a right to CARRY guns. It sounds better than here. I guess that’s why most people don’t know these facts about Russia. I never thought Russia would be less communistic that the US.
I speak enough of the language that I could transition easily…the only problem for me is how to get from Alaska to any town in Russia…plus I’d need my preps for a while, so I guess I’d need to hitch a ride on a freighter or something large enough to carry my preps… 🙂
Always thinking…
I have a solution. Create millions more government jobs. Print more money to pay them. We all live happily ever after.
Yep! Hell and high water is on the way! I read numerous books by various authors– botanists, oceanographers, agriculturists, climate scientists, biologists, whatever– and they all said the same thing: that by around 2030 our goose is cooked. If you are alive around that time you are not considered one of the lucky ones… its supposed to get THAT bad!! 🙁
The only GOOD thing that will result from time period is that governments are not supposed to be able to withstand the chaos.
By the year 2030 you will be sitting pretty if you live around the equator. The earth is entering into another ice age. Those living in colder Northern climates will be frozen.
If you are thinking about bugging out. If you plan to go to Canada or Montana, plan to be snowed and that’s during the summer.
Do you still want a wall. Let’s make all plans subject to change.
Maybe that’s the climate change the one worlders want to tax people to death over.
Got wood?
B, wife and I are close to the Equator, we never get cold anymore…ok, some nights in Dec. and Jan. get down to 63 or so. I guess we’re good.
It’s too bad that we’ll be frickin’ ancient by 2030!
But the market went up 200pts today…
If “Riots are coming to America” then I am prepared!
I just got the finishing touches on my home security system. Check it out, it’s the Vixen Horns VXS-1450AR 145dB/120V Industrial Electric Motor Siren.
That’s 145 decibels of pure Air Raid Siren. I just hope my sirens don’t drown out God’s Trumpets during the Apocalypse! That’s right, I’m Bad.
Justice:
The little punks all have ear phones in their ears. Listening to high decibel music has made them all half deaf. But keep trying. I like your spirit.
B from CA, I have an even louder noise maker: 12 Gauge Shotgun Blast 165dB!
The hordes might not hear it, but they sure will feel it.
Off Topic…
Ebola nurse Pauline Cafferkey’s rapid decline after being ‘cured’ leaves experts staggered
“Doctors have said she is suffering an “unusual late complication” of her previous infection.
Ebola virus can linger for months in survivors without causing serious ill effects or infection risk and is also known to cause long-term health problems in many patients.”
Drudge Report
Direct link…
http://www.independent.co.uk/news/uk/home-news/pauline-cafferkey-news-of-ebola-nurses-deterioration-to-condition-is-staggering-says-professor-a6694201.html
thanks , mom
missed that one .
I missed it too, thanks.
lol, when soros talks, it’s to sell his book of business, whatever that may be at the time.
Employers are cutting back older workers are retiring and not being replaced because the younger generation of workers suck and need to be babyed or the will quit. I’ve seen such turnover it’s rediculous especially with management they just keep quitting or getting fired. My work been through 3 managers in the three years I’ve been there.