They told us so
from David Ruccio
The pundits and politicians seem surprised when civil unrest breaks out amidst the wreckage of the current crises and the imposition of increasingly severe austerity plans. But, as Barry Ritholtz reminds us, we were warned.
We were warned, back in 2008 and 2009, by:
- the head of the IMF
- the head of the World Bank
- the head of the WTO
- Senator Christopher Dodd
- Britain’s M15 and Special Branch
- right-wing author and financial crisis guru Niall Ferguson
- Dr. Doom
- the U.S. Army War College
- the U.S. Director of National Intelligence
and many more. . .
They told us civil unrest might break out—but only a few of us were listening.
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—— Ugarteche, Puyana and Madi ——
Gerson Lima / Maria Alejandra Madi
Edward Fullbrook and Jamie Morgan
————— Michael Hudson ————–
Maria Alejandra Madi / Jack Reardon
————- Edward Fullbrook ————-
—————— Steve Keen —————–
————— Richard Smith —————
————– Gustavo Marques————
– Victor Beker and Beniamino Moro –
————– Lars Pålsson Syll ————-
—————– Stuart Birks —————-
Edward Fullbrook and Jamie Morgan
———— Armando Ochangco ———-
Shimshon Bichler / Jonathan Nitzan
————— Mauro Gallegati ————–
————— Herman Daly —————-
————— Asad Zaman —————
—————– C. T. Kurien —————
————— Robert Locke —————-
There is a reason these people look so prescient. This IS 2008, a re-run, from the commodity bubbles down to the financial crises. We didn’t fix anything, so we have to do it again.