2009 Gloom & Doom Update: Outlook Playing Out- Iceland Govt Collapse

Remember my previous post on what 2009 will look like?  One of the things I had mentioned was growing unrest in Europe.

Yesterday, Iceland’s government collapsed and there are demonstrations across Europe. Spain, Greece, Lithuania, Latvia and Iceland have all seen protests. France, Germany and United Kingdom have been spared the demonstrations- they are also countries that have invested the most in stimulus packages.

As a reminder of what I had said:

2009 will be a year of despair for many.

The upcoming year is going to be hard on many people. The global financial situation is going to get worse before it gets better. SAVE! SAVE! SAVE! Everything you save will be needed later. If you have a miserable job, don’t quit yet. If you do not have a job, grab what you can. It will be worse than many of us remember. None of the indicators are pointing towards anything good.

Expect an escalation in crimes like theft. Expect an increase in riots and protests in various Asian hotspots. Expect growing unrest in Europe. North American social welfare systems will get taxed to their breaking point.

Cracks will emerge that will over the next 5 years result in the changing of some national boundaries.

More of these will be playing out as the year progresses.