IMF Chief Warns Of Riots In Response To Economic Crisis
Strauss-Kahn says advanced countries would see violent civil unrest if elite continue to exploit financial chaos for their own ends
Paul Joseph Watson
Wednesday, December 17, 2008
The head of the International Monetary Fund has warned that advanced nations will be hit by violent civil unrest if the elite continue to restructure the economy around their own interests while looting the taxpayer.
During a speech in Madrid, Dominique Strauss-Kahn said that “social unrest may happen in many countries - including advanced economies” if governments failed to adequately respond to the financial crisis.
“He added that violent protests could break out in countries worldwide if the financial system was not restructured to benefit everyone rather than a small elite,” reports the Guardian.
Strauss-Kahn’s comments echo those of others who have cautioned that civil unrest could arise, specifically in the U.S., as a result of the wholesale looting of the taxpayer and the devaluation of the dollar.
Widely respected trends forecaster Gerald Celente recently told Fox News that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts.
Back in October, Senator Chris Dodd said that revolution would unfold if banks refused to lend money.
“If it turns out that they are hoarding, you’ll have a revolution on your hands. People will be so livid and furious that their tax money is going to line their pockets instead of doing the right thing. There will be hell to pay,” Dodd told the New York Times.
Last month, leading economist Nouriel Roubini said that food riots would be the ultimate consequence of the Federal Reserve and the Treasury’s current policies.
Riots and demonstrations have gripped normally sedate Iceland following a financial catastrophe that has wiped out half of the krona’s value and put one third of the population at risk of losing their homes and life savings.
Expectations of violent civil unrest have not gone unnoticed by the U.S. Army War College’s Strategic Institute, who recently issued a report warning that the United States may experience massive civil unrest in the wake of a series of crises which it terms “strategic shock.”
The consequence? The necessity to use “military force against hostile groups inside the United States,” according to the report.
Tens of thousands of active duty military personnel returning from Afghanistan and Iraq are set to conduct “homeland patrols” inside the U.S. and their duties will include tackling “civil unrest and crowd control,” according to a Northcom announcement earlier this year.