Arab Spring + European Summer = World Winter of Discontent
by Gerald Celente
by Gerald Celente: The
Falling Bottom Line
news this past week was not the rape accusation scandal embroiling
International Monetary Fund chief, Dominique Strauss-Kahn. It was
not President Barack Obamas much ballyhooed Middle East speech,
nor was it the historic floods devastating the Mississippi flood
But these were
the stories that preoccupied the US press. Whereas all were certainly
newsworthy and a cut above the usual obsession with the purely
titillating and violent the most trend-significant story
of all got scant, or no coverage from the mainstream media.
While the downfall
of Strauss-Kahn shattered his hopes to run for the French Presidency,
the repercussions would be mainly confined to France. His resignation
from the IMF, however, would have limited consequences. A new chief
will quickly be found to replace him, and regardless of the Strauss-Kahn
rape verdict, the IMF will continue raping countries that are forced
into accepting their aid.
As for Obamas
speech, it was essentially meaningless; many empty words and more
vague, unfulfillable promises that will lead to no action of consequence.
the devastation wrought by the violent weather patterns will be
felt severely by all those directly affected. The physical and emotional
toll on the tens of thousands whose homes, businesses and livelihoods
were destroyed is incalculable. Nevertheless, the consequences will
impact mostly those directly affected while the spillover implications
will only temporarily affect the national, and to a lesser extent,
the global economy.
Should current weather patterns become more a norm than an anomaly,
the socioeconomic consequences will prove long-term, far-reaching
and disastrous. Farming, shipping, seafood, food supplies and petroleum
refining will be among the foreseeable casualties, accompanied by
massive population displacement. But the ensuing chain reaction
(inflation, shortages, unemployment, etc.) will claim many other
victims, which, at this time, are unquantifiable.
The 800 Pound
Gorilla in the Press Room Strauss-Kahn, Obamas speech, tornadoes
and floods notwithstanding, the biggest news with the greatest implications
was the story with the least coverage. If you watched the Sunday
night network news (ABC, CBS, NBC, etc.) you wouldnt have
seen it. If you read the front page of The New York Times,
Americas self-described Paper of Record, it wasnt
The most prominently
placed story with the biggest photo, that was obviously intended
to catch the reader's eye of the flagship Sunday edition, also bore
testimony to what the Times considered the news most fit
Machine, Churning Out Cash Appetite for Dirt Fuels
a Growing, Round-the-Clock Industry
the Times own insatiable Appetite for Dirt
it devoted some 4000 words to an imbecilic, inconsequential, lowest
common denominator, supermarket tabloid, junk news story on the
growth industry of celebrity gossip. Spread across three pages and
emphasized by eleven meaningless and superfluous color photos, the
Times did what all the mainstream media characteristically
do: hawked sleaze and justified it with the reasoning, This
is what the people want.
was this lust for lust that accounted for the inability of the Paper
of Record to recognize a megatrend-in-the-making that was
already reshaping the global geopolitical landscape. To their credit,
however, unlike the networks that ignored the story, the Times at
least covered it. According it less than 500 words and relegating
it to the Page 12 boondocks, its innocuous headline read: Despite
Ban, Protests Continue Before Spanish Vote.
bank bailout protests had been sporadically erupting throughout
Europe for over a year. But these Spanish demonstrations signaled
a major turning point. It was the unrest and discontent in Europe
that led us to forecast our Off With Their Heads trend
that would lead to revolts and topple governments (Trends Journal,
unrest was overshadowed by the far more violent and widespread Middle
East and North Africa uprisings of late 2010 and early 2011. Unlike
the Europeans who still believed in the power of their vote, Arabs,
with only autocrats, dictators and monarchs in control, had no ballot
boxes to divert them. They knew that unless the system changed,
nothing would change.
As I had forecast
in the Trends Journal and repeated in media worldwide, it would
only be a matter of time before Europeans would wake up to the same
realization: the system had to change. What distinguished this latest
round of Spanish protests from earlier ones in Europe was that very
realization; no matter how many votes were dropped into the ballot
box, the result would be essentially the same. All the shouting,
demands, marches and strikes would accomplish nothing without a
responsive government to address them and this could not
be achieved through the current system in which, despite the rhetoric,
there was little difference between the major parties.
The massive bailouts of Greece and Ireland are already proven failures,
and the Portuguese bailout will follow the same path: more debt,
higher unemployment, draconian austerity measures imposed upon the
people, and a wholesale sell-off of valuable public resources.
UK and Italy are next in line to suffer the long-term consequences
of the economic Panic of 08
that has been
only temporarily assuaged by the trillions pumped in by the central
banks to keep the financial system afloat.
will continue to deteriorate for most European nations. The worse
they get, the louder and more heated the protests will become. Entrenched
political parties, unwilling to make adequate concessions or yield
power, will intensify their crackdown efforts.
Spanish demonstrations, sit-ins and camp-outs will serve as a template
for the equally disenfranchised youth of other countries. In the
absence of an economic miracle, divine intervention
fulfilled Doomsday Prophesy (in which case all forecasts are off),
expect protests to mount throughout the summer of 2011 and continue
into 2012 and beyond.
One wild card
that might derail the demonstrations, quiet the discontent and unite
the people, would be one or several terror strikes in European cities.
Considering NATOs military actions against Libya, revenge
attacks are a distinct possibility.
with permission from The Daily
is founder and director of The Trends Research Institute, author
2000 and Trend
Tracking (Warner Books), and publisher of The Trends
Journal. He has been forecasting trends since 1980, and recently
called The Collapse of ’09.
2011 Gerald Celente
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