August 16th, 2011
Gold sales increase six fold in one week
(SteveWatson) – Almost half of all Americans believe that government spending cuts will lead to civil unrest on a scale recently seen in London, according to a new survey.
48% of respondents in a Rasmussen Reports national telephone survey indicated that they believe it is at least somewhat likely that if austerity measures are enacted there will be violence on the streets.
According to the survey, those under 50 years of age think unrest is more likely, with a majority of 58% believing cuts will make it likely.
Less Americans are convinced that tax hikes and stock market woes will trigger unrest, however, in both cases over a third still fear those factors will contribute to uprisings.
The survey found that 69% of Americans say they have been following news stories about the rioting in London at least somewhat closely, with 25% following very closely.
A plurality of 43% said that they believed the British Government’s announcement that “nothing is off the table” when it comes to dealing with the rioters was likely to deter more violence, where as 25% thought it would incite further trouble.
As we have repeatedly highlighted for some time now, austerity fascism is the realization of the global elite’s agenda for a “post-industrial revolution”.
If the situation is allowed to spiral out of control and the “post-industrial revolution” unfolds quicker and more unwieldy than anticipated, the global elite may find themselves with an entirely different kind of revolution on their hands – one led by the people against the corrupt plutocrats intent on exploiting the suffering they masterminded in the move towards an authoritarian one world government.
Top historians, social and financial analysts are warning that the draconian austerity measures currently being prepared and unleashed by governments in the west will cause riots and even revolutions as people react with fury in response to their jobs, savings, basic public services, pensions and welfare money being seized by the financial terrorists who caused the economic collapse in the first place.
A study released this month by economists Hans-Joachim Voth and Jacopo Ponticelli found that over the past century austerity has significantly increased the risk of violence and social instability.
A CNN report on the study notes:
Studying instances of austerity and unrest in Europe between 1919 to 2009, Ponticelli and Voth conclude that there is a “clear link between the magnitude of expenditure cutbacks and increases in social unrest. With every additional percentage point of GDP in spending cuts, the risk of unrest increases.”
“Expenditure cuts carry a significant risk of increasing the frequency of riots, anti-government demonstrations, general strikes, political assassinations, and attempts at revolutionary overthrow of the established order. While these are low probability events in normal years, they become much more common as austerity measures are implemented.”
With Ben Bernanke announcing that interest rates will be frozen for the next two years, soaring debt costs will undoubtedly force the government to continue to devalue the dollar.
This will inevitably result in runaway inflation that will eviscerate savings and pensions. The cost of living will accelerate and taxes will be raised as the people continue to foot the bill for a wealth transfer amounting to trillions that has been plundered by the offshore banking elite.
The only way to protect yourself against this approaching financial tsunami is by swapping crumbling paper money for gold bullion, which has proven to be a safe store of wealth for thousands of years.
We were laughed at for urging people to buy gold to protect their savings when it was at a mere $300 and the world was drunk on the illusion that the stock market bubble would continue to inflate without a crash.
Whereas the Dow Jones has returned to its level of a decade ago at just above 10,000, gold prices have increased exponentially in that same period.
As AP reports, last Wednesday, on the worst day of the week for both the dollar and US equities, the average price of gold shot up to $1952/oz., around $130/oz higher than gold futures reached on the same day.
The largest gold dealer on eBay, Great Southern Coins, notes that business has quadrupled in the last 45 days, and daily sales last week grew six-fold.
With currencies being attacked from every angle as the financial recovery grinds to a halt due to governments being forced to impose austerity measures, we continue to invite people to take a positive step in countering the continuous assault on their wealth by the central banks by repositioning a sensible portion of their savings into physical gold bullion and silver coins.
Paul Joesph Watson contributed research to this article.
Source: Prison Planet