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Social Implications of the Burgeoning Financial Systems Crisis

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Things certainly won’t be getting better from a long-term investing standpoint until the current administration gets the burgeoning financial systems crisis under control.  And if the factors fostering this growing crisis are not reconciled soon, then just about every American’s IRA and 401k accounts will become decimated, and I doubt that the social security of the future will be able to support the big bubble of “baby boomer” retirees that are beginning to emerge on the scene.  The impending results could be catastrophic in terms of the social implications that would occur, perhaps even igniting the global middle-class “revolution” being portended by renowned futurist Gerald Celente, the CEO of Trends Research Institute.  Celente alludes to a British Ministry of Defence report from 2008,  which predicts that within thirty years the growing gap between the super rich and the middle-class, along with an urban under-class threatening social order would mean, “The world’s middle classes might unite, using access to knowledge, resources and skills to shape transnational processes in their own class interest,” further stating that, “The middle classes could become a revolutionary class”.  I take it that things could get real interesting here over the next thirty years, perhaps even giving a whole new meaning to the term “Golden Years”.


Written by Larry Fry, CCP, MBA

June 10, 2009 at 6:25 am

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