Anger Is Rapidly Growing As Economic Conditions Deteriorate All Over The World

We are in the early stages of a global economic collapse, and people all over the globe are getting extremely angry.  Here in the United States, higher prices are an inconvenience, but in other parts of the world higher prices can mean the difference between feeding your family or not.  And once people get to a point where they cannot even survive on the incomes that they are bringing in, they can become very unpredictable and very violent.  For example, a large economic protest that just happened in Lebanon quickly descended into violence as protesters aggressively clashed with government security forces

Although the protest began peacefully, demonstrators clashed with security forces, who repeatedly shot tear gas into the crowd after demonstrators breached the barbed wire in front of the government building.

“It’s not just our salaries, we’re fighting for our lives,” a retired officer told The National after escaping a cloud of tear gas.

“After serving our country for over 30 years, we can’t even live off our pensions,” he said.

Cries of “Shame on you!” could be heard as protesters ran from the smog of tear gas.

We are seeing similar protests in the western world.  On Sunday, an absolutely massive protest in Prague called on government leaders to resign because of “high inflation and energy prices”

Thousands of people rallied again in the Czech capital, Prague, on Sunday calling on the government to resign as they protested against high inflation and energy prices.

It was the second such rally in the central Wenceslas Square, called for by a new non-parliamentary political party PRO, which in English stands for Law, Respect, and Expertise.

“We want to express our disapproval of this government, of the political situation, of what’s going on in the Czech Republic and in fact in the whole of Europe,” said one protestor, Renata Urbanova.

Unfortunately, economic protests such as these have become quite common over the past year.

In fact, one team of researchers determined that there were 12,500 such protests during 2022

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Last September, Italians in Rome, Milan and Naples burned their energy bills in a coordinated protest against soaring prices. In October, thousands took to French streets to decry government inaction over the high cost of living. And in November, Spanish workers rallied for higher wages, chanting “salary or conflict.”

Researchers have defined an unprecedented global wave of more than 12,500 protests across 148 countries over food, fuel and cost of living increases in 2022. And the largest were in Western Europe.

Will that number be even higher in 2023?

All over the world, people need to eat, and food prices just keep rising.

In March, food prices in the UK rose “at their fastest rate for 45 years”.

And it is now being projected that the global rice shortfall this year will be the largest in 20 years.  That will mean even higher prices for the billions of people that eat rice.

Even here in the United States, food prices are becoming extremely oppressive.  Earlier today, I was stunned to learn that one bakery in New York is actually selling a ham and cheese sandwich for 29 dollars.

Can you believe that?

Up until just recently, we haven’t seen economic protests in North America like we have around the rest of the world, but that has started to change.  Right now, approximately 155,000 government workers in Canada have gone on strike because the cost of living has been rising much faster than their paychecks have

The mushroom cloud of central bank monetary destruction keeps growing, and is increasingly fueling discontent among workers whose standards of living are eroding along with the purchasing power of their wages.

Europe has already seen a wave of strikes aimed at securing inflation-offsetting pay raises. Now it’s Canada’s turn: At midnight, more than 155,000 Canadian federal government workers went on strike in what’s being described as the largest walkout against a single employer in the country’s history.

The strike was called by the Public Service Alliance of Canada (PSAC) union, which has been in negotiations for a new contract since 2021. This strike primarily encompasses two groups of federal employees: 120,000 at the Treasury Board and 35,000 at the Canada Revenue Agency (CRA).

No matter who you are or where you live, you can see that the cost of living is rising at a very alarming pace.

And that isn’t likely to change any time soon.

In the U.S., one recent survey discovered that a whopping 67 percent of all Americans believe that their incomes are falling behind inflation…

Continual inflation has hurt Americans, with roughly two-thirds of them reporting their wages cannot keep up, according to the most recent CNBC All-America Economic Survey.

Only 5% of Americans say their household income is outpacing inflation, with 67% stating it is falling behind and 26% saying it is keeping up, according to CNBC. The vast majority of the public is adjusting their spending habits and lifestyles due to inflation, with 81% saying they are taking measures like reducing entertainment spending and travel or dipping into savings to cover expenses.

The Federal Reserve has been rapidly increasing interest rates in a desperate attempt to contain inflation, but those higher rates have pushed us into a very serious economic downturn.

Large companies are laying off workers all over America, and that list includes Disney and Facebook

This year, 596 tech firms have laid off 171,308 workers. The list is anticipated to expand, with Meta Platforms Inc. initiating job cuts today and Walt Disney Co. preparing to reduce its workforce by thousands in the coming week.

According to an internal memo seen by Bloomberg, the Facebook parent company told managers they should prepare for job cuts on Wednesday. The memo states jobs across Facebook, WhatsApp, Instagram, and Reality Labs will be affected.

The move to reduce headcount by at least 10,000 positions at the company was outlined by founder Mark Zuckerberg’s goal of greater efficiency earlier this year. Another round of job cuts is expected next month.

I know that I have covered an enormous amount of material very quickly in this article.

But people need to understand the seriousness of what we are now facing.

It isn’t just the U.S. economy that is in trouble.

The entire global system is beginning to shake and tremble, and eventually it will completely implode.

According to Google, there are currently 7.888 billion people living on this planet.

Approximately half of those people live on $6.85 or less a day.

Poverty and hunger are rapidly growing all over the world, and we are going to witness so much pain and suffering in the months and years ahead.

But most people don’t understand any of this, because the mainstream media just continues to insist that everything will work out just fine somehow.

Cross-posted with Sons of Liberty Media


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Michael Snyder

Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years. Today, Michael is best known for his work as the publisher of The Economic Collapse Blog. Michael and his wife, Meranda, believe that a great awakening is coming and are working hard to help bring renewal to America. Michael is also the author of the book The Beginning Of The End

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