Posted on January 25, 2009 by Scott
Iceland began its historic collapse Oct 9 (when they closed their stock market after the failure of their three largest banks). Through November and December the normally genteel Icelanders organized weekend protests against their government.
Now things have gotten seriously violent, for the first time in 60 years.
Late Wednesday night, as thousands of protesters re-lit a large bonfire in front of the Parliament, the Reykjavik chapter of the Progressive Party… called for new elections in May 2009.
As the night wore on, though, matters descended into violence.
Around 1:30 am, police dispersed the crowd with tear gas, the first time tear gas had been used against Icelanders in 60 years. The crowd soon reformed and pelted riot police with stones. One officer was severely injured by a cobblestone.
This is what it’s like when a 1st world country slips into economic oblivion.
My heart goes out to the people of Iceland, with whom I feel we in the US and Europe share a fraternal bond. This is not the demise of a banana republic.
Wednesday morning began with angry protesters throwing paint at the government building and surrounding Prime Minister Geir Haarde’s car. They banged on the vehicle’s windows and pelted it with eggs for several minutes before his bodyguards and police pushed them away.
The protesters gathered in front of the Parliament building banged on pots and pans while shouting “Unfit government!” “You’re fired!” and more creative insults. [more]
A full 1% of Iceland’s populace is in the streets protesting. If 1% of the US population took to the streets there would be 3 million of us agitating for change.
Bet that’d be enough for a declaration of martial law!
Read up on Iceland, follow this story. It may be a foreshadowing of what’s to come our way late summer 2009.
Please be prepared!
Iceland’s Gov’t Resigns
Iceland Warns of Bankruptcy
Krona Dies: Tuff Times in Iceland (Update 1)
Filed under: Mayhem | Tagged: economic collapse, iceland | 3 Comments »
Posted on December 24, 2008 by Scott
From yesterday’s New York Post, summarized for your enjoyment.
US ARMY READY IF THE DOWNTURN GETS OUT OF HAND
Are you afraid that the economic downturn could get out of hand? I mean, really out of hand?
Well, don’t worry.
The US Army War College is on the case – ready to handle “unforeseen economic collapse” and the “rapid dissolution of public order in all or significant parts of the US.”
And you thought we were just dealing with a recession!
In a report published Nov. 4 – just in time for the holiday season – the War College’s Strategic Studies Institute posited a number of shocks that the country should be prepared for, including unrest caused by the economy’s failure.
The report has a snappy title, “Known Unknowns: Unconventional ‘Strategic Shocks’ in Defense Strategy Development,” and was written by Nathan Freier, a visiting professor at the college.
Freier lists a number of possible things we should worry about – because we probably don’t have enough of our own – including run-of-the-mill terrorism and the fact that China and Russia could align against us politically and economically.
“Some of the most plausible defense-relevant strategic shocks remain low-probability events,” Freier soft-pedals before going on to scare the hell out of us.
The War College says “widespread civil violence inside the US would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security.”
Among things Freier wants us to worry about are:
– deliberate employment of weapons of mass destruction,
– unforeseen economic collapse,
– loss of functioning political and legal order,
– purposeful domestic resistance or insurgency and
– catastrophic natural and human disasters.”
Filed under: Mayhem | Tagged: civil unrest, economic collapse | 14 Comments »