Independence Day in the United States is usually a call to celebrate unity and to be thankful for freedom from tyranny and oppression. With the collective mood continuing to deteriorate, there is no room for such positive ideation. It is more likely that this 4th of July, the theme of revolution and revolutionary war will be emphasized. Civil unrest and protests in the United States should escalate this month. Outbreaks of violence are increasingly likely. In spite of the constitutional declaration, there is no “WE THE PEOPLE” in America.
Globally, the mood should also reflect anger and fragmentation. Geopolitical tension should be quite high, while cooperation among world leaders difficult to discern. The world economy is on dangerous ground, and increased discussion of an up and coming sequel to the “Great Depression” is likely. Investor panic and high market volatility should be expected. Will the globalization paradigm continue to survive? Or, if the trend continues, will global goods, services, and destinations, at some point, become a nostalgic memory?
The above is an excerpt from the July 2010 issue of MoodCompass, a publication of A New Story Foundation.
7/9/10: Oakland riot, 78 arrests after Mehserle verdict: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/07/09/MNH61EBUBF.DTL
ReplyDelete7/8/10: One dead in Panama unrest. http://ca.reuters.com/article/topNews/idCATRE6675TG20100708
ReplyDelete7/8/10: Greek strike to protest pension reform.
http://www1.voanews.com/english/news/europe/Greeks-Strike-to-Protest-Pension-Reform-98018299.html
7/12/10: Al-Qaida linked group kills 74 World Cup watchers in Uganda. http://www.msnbc.msn.com/id/38194835/ns/world_news-africa/
ReplyDelete7/21/10: Fed Chairman Ben Bernanke warns of "unusually uncertain" outlook for U.S. http://www.guardian.co.uk/business/2010/jul/22/ben-bernanke-us-economy-unusually-uncertain
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