Chronicles Of Depression 2.0: #481: Unrest

Russia, China warn of dire economic straits in 2009

Russia and China issued stark warnings on Wednesday about the impact of the crisis on their recently booming economies in 2009, with Moscow saying the downturn could spark unrest in the streets.

Emphasis added by me.

It won’t be the only country where that will happen.

More:

Commenting on the worsening situation, Deputy Interior Minister Mikhail Sukhodolsky, warned that unpaid wages, the threat of layoffs and unpopular government anti-crisis measures “may aggravate the protest mood.”

China’s top economic planner also warned of “great challenges” ahead.

The head of the National Development and Reform Commission, Zhang Ping, said “grave risks” lay ahead for goals of fast growth and high employment if the government did not manage to stimulate demand and maintain export growth.

Emphasis added by me.

We all think of Germany as one of the richest nations on the planet. They just opened my eyes to a dimension I hadn’t fully considered:

In a sign of the times in Germany, poodles, terriers and sheepdogs queued up for rations in the country’s first soup kitchen for pets, housed in a disused school in the former communist east Berlin.

The soup kitchen was opened in October and offers free food for pets belonging to pensioners and the growing ranks of Berlin’s unemployed.

Julia Raasch, who heads the soup kitchen, said: “We’ve already signed up nearly 400 people. And our stocks are dwindling fast.”

Emphasis added by me.

I mentioned stocking up on pet food here. But what happens when that runs out? And you can’t afford to buy any more?

Next year will be very bad.

Explore posts in the same categories: C.O.A.T. - Belief, C.O.A.T. - Food, C.O.A.T. - Money, C.O.A.T. - Politics, C.O.A.T. - Self-Defense, Depression 2.0

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