4 More Years of Obama Makes Violent Social Turmoil Virtually Inevitable

Grice looks at some examples from history where currency debasement led to a complete breakdown of the social fabric of communities like the Roman Empire, France during the revolutionary period at the end of the 18th century, and Weimar Germany.

In every case, citizens turned on each other as a sharply devalued currency led to a breakdown of trust between members of society.

A perhaps lesser-known incident that Grice brings to light, however, is a period in Britain during the late 16th and early 17th centuries when the country was rocked by witch trials.

 

Société Générale

..."All I see is more of the same . . ."

  _Dylan Grice

Los Angeles 1992

The modern equivalent of witch trials is ethnic, race, and gang riots, such as cropped up in 1992 from Los Angeles to Toronto (mostly Los Angeles).

Reginald Denny's Diversity Celebration

If Obama is defeated in the November US elections, some degree of racial violence is anticipated. But if Obama is re-elected and allowed to complete the job of destroying the glue of social cohesion and trust along with the global reserve currency -- the US dollar -- one should expect much much worse, and over a much wider area.

As Dylan Grice recommends in the linked piece above, it is time to invest in safe havens.