Davos economist Robert Johnson, who made headlines this week for revealing that the wealthy are buying secret hideaways as a hedge against global instability, warned in a subsequent interview that the elite are also afraid of more riots in the mould of Ferguson, Missouri.<\/p>\n
Johnson, president of the Institute of New Economic Thinking, sparked interest when he asserted during an interview at the Davos Economic Forum that many hedge fund managers were purchasing land in remote locations so as to guard against an uprising of the poor caused by wealth inequality.<\/p>\n
\u201cI know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway,\u201d he said, with the New Economics Foundation\u2019s Stewart Wallis agreeing, telling CNBC, \u201cIf they can get off, onto another planet, some of them would.\u201d<\/p>\n
Johnson expanded on his comments in a subsequent interview, telling RT that wealth inequality has consequences that will result in a rise of social instability worldwide.<\/p>\n
\u201cA lot of wealthy and powerful people are quite afraid right now \u2013 they see us on an unstable trajectory,\u201d said Johnson, noting that the failure of political institutions to be representative is causing strain on the system.<\/p>\n
\u201cAs the system doesn\u2019t have proper resources, as it doesn\u2019t represent people, things are getting more and more dangerous as say Ferguson, Missouri brings to bear,\u201d added the economist.<\/p>\n
Johnson\u2019s view that the global elite are afraid of riots arising out of wealth inequality is shared by other economists such as Martin Armstrong, who last year predicted that widespread civil unrest would hit America by 2016 as a result of an economic downturn.<\/p>\n
\u201cIt looks more and more like a serious political uprising will erupt by 2016 once the economy turns down. That is the magic ingredient. Turn the economy down and you get civil unrest and revolution,\u201d wrote Armstrong.<\/p>\n
Source: infowars<\/p>\n","protected":false},"excerpt":{"rendered":"
Davos economist Robert Johnson, who made headlines this week for revealing that the wealthy are buying secret hideaways as a hedge against global instability, warned in a subsequent interview that the elite are also afraid of more riots in the mould of Ferguson, Missouri. Johnson, president of the Institute of New Economic Thinking, sparked interest … Continue reading “Elite fear Ferguson-style riots”<\/span><\/a><\/p>\n","protected":false},"author":2961,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,123],"tags":[10907,2450,486,10891,9695,111],"class_list":["post-17578","post","type-post","status-publish","format-standard","hentry","category-news","category-world","tag-black-uprising","tag-davos","tag-economy","tag-elite","tag-ferguson","tag-riots"],"cc_featured_image_caption":{"caption_text":false,"source_text":false,"source_url":false},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/17578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/users\/2961"}],"replies":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17578"}],"version-history":[{"count":1,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/17578\/revisions"}],"predecessor-version":[{"id":17579,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/17578\/revisions\/17579"}],"wp:attachment":[{"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}