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Civil Unrest in America?
by José Miguel Alonso Trabanco
Global Research, March 9, 2009
Eurasia is currently experiencing serious problems derived from financial and economic difficulties such as unemployment, GDP negative growth, currency depreciation, overall economic slowdown and so on. Several members of both the European Union and NATO (Poland, Hungary, Iceland come to mind) are already dealing with a considerable deal of domestic discontent. Some States from the Former Soviet Union (notably Ukraine, Belarus and the Central Asian Republics) and even Russia itself are facing similar problems. Even Chinese government officials acknowledge protests in the Chinese mainland, as pointed out by Professor Michael Klare, which means that East Asia is by no means an exception. As we shall see, financial and economic conditions are equally grave in the American hemisphere, if not more so.
Zbigniew Brzezinski, former National Security Advisor and early supporter of Barack Obama’s presidential campaign, has warned that civil unrest on American soil is a possibility that should not be dismissed. Brzezinski explains that “[the United States is] going to have millions and millions of unemployed, people really facing dire straits. And we’re going to be having that for some period of time before things hopefully improve. And at the same time there is public awareness of this extraordinary wealth that was transferred to a few individuals at levels without historical precedent in America…” Brzezinski concludes with this noteworthy remark “…hell, there could be even riots”.
The aforementioned means that the upper echelons of the American political elite have realized that the current financial and economic turmoil is much worse than what many experts had foreseen, and that things could really spiral out of control if the present situation deteriorates even further. Indeed, optimistic signs are nowhere to be found. Quite the contrary.
The full magnitude of the financial tsunami is clearly reflected in a piece written by Barry Ritholtz, who states that the bailout plan promoted by former US Secretary of the Treasury Henry “Hank” Paulson amounts to a sum of money that is superior to the Louisiana Purchase, the New Deal, the Marshall Plan, the Apollo Lunar Project, the Korean War, the Vietnam War, the invasion of Iraq and other large government expenditures – combined (!). This illustrates that America’s top policymakers (both Democratic and Republican) hold serious concerns about the health of the American financial system and the American economy.
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