CREDIT RATING COMPANY WARNS OF SOCIAL UNREST AS ANGLO NATIONS SOVEREIGN DEBTS SPIRAL OUT OF CONTROL

GREETINGS,

 THE FOLLOWING EXCEPRT IS TAKEN FROM CHAPTER 39,”THE FALL OF AMERICA”

“We cannot deny the fact that the Christian West is responsible for this universal corruption in the land and sea.

From the same corruption that their own hands have wrought will come their doom.”———NOW HERE’S ANOTHER EXCERPT FROM CHAPTER 23,

“We are living in the time when dissatisfaction is 100 per cent throughout the world of man and mankind. Therefore we are living among the dissatisfied persons, daily and nightly.

 No one is satisfied though they may be righteous. They are not satisfied because they are living among unrighteousness. So the whole entire world of the wicked and the righteous is upset due to dissatisfaction.

 The dissatisfied are gaining everyday more and more among the people whom they hope to bring into the same condition that they are in. And today nothing is made so clear to the chief-maker of dissatisfaction.”—————————————————————————————————————————————————————————————————-NOW LET US COMPARE THE ABOVE WITH A REPORT FROM THE ENGLISH NEWPAPER(BLOG)  “THE TELEGRAPH”;

”  Moody’s warns of ‘social unrest’ as sovereign debt spirals

Britain and other countries with fast-rising government debts must steel themselves for a year in which “social and political cohesiveness” is tested, Moody’s warned.

 

By Edmund Conway
Published: 7:35PM GMT 15 Dec 2009

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Riot police clash with protestors during an anti G20 demonstration near the Bank of England. Moody's has warned future tax rises and spending cuts could trigger more social unrest.

Riot police clash with protestors during an anti G20 demonstration near the Bank of England. Moody’s has warned future tax rises and spending cuts could trigger more social unrest.

In a sombre report on the outlook for next year, the credit rating agency raised the prospect that future tax rises and spending cuts could trigger social unrest in a range of countries from the developing to the developed world.

It said that in the coming years, evidence of social unrest and public tension may become just as important signs of whether a country will be able to adapt as traditional economic metrics. Signalling that a fiscal crisis remains a possibility for a leading economy, it said that 2010 would be a “tumultuous year for sovereign debt issuers”. 

It added that the sheer quantity of debt to be raised by Britain and other leading nations would increase the risk of investor fright.

Strikingly, however, it added that even if countries reached agreement on the depth of the cuts necessary to their budgets, they could face difficulties in carrying out the cuts. The report, which comes amid growing worries about Britain’s credit rating, said: “In those countries whose debt has increased significantly, and especially those whose debt has become unaffordable, the need to rein in deficits will test social cohesiveness. The test will be starker as growth disappoints and interest rates rise.”

It said the main obstacle for fiscal consolidation plans would be signs not necessarily of economic strength but of “political and social tension”.

Greece, where the government has committed to drastic cuts in public expenditure, has suffered a series of riots over the past year which are thought to have been fuelled by economic pressures.”

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