One of Robert Prechter's main themes for the downward contraction is the escalation of social unrest. Along with this comes a power struggle between the government and the people.
"The Socialist opposition leader, George Papandreou, speaking after emergency talks with the prime minister, Costas Karamanlis, said Greeks had lost trust in the government after three days of disorder across the country, triggered when a schoolboy was shot dead by police.
"The country doesn't have a government to protect it," he said. "Citizens are experiencing a multiple crisis: a social crisis, a crisis of values. People have lost trust in the government." Karamanlis today began emergency talks with top politicians, urging them to unite against the face of civil unrest, as he struggles to reassert his authority. "We won't show any leniency," he said. "No one has the right to use this tragic incident as an excuse for acts of violence. At this critical time, the political world must unite to condemn those responsible for this disaster and isolate them." Source: The Guardian
"But the anti-government movement acquired new impetus following the fatal shooting by the police on Saturday of Alexandros Grigoropoulos, 15. While clashes between the police and students have been common in Greece for decades, the ferocity of the reaction to the boy’s death took the nation — and its crippled government — by surprise. Outrage over the death was widespread, fueled by what experts say is a growing frustration with unemployment and corruption in one of the European Union’s consistently underperforming economies, worsened by global recession." SOURCE: The New York Times
Congo, Zimbabwe, Thailand......As Americans, what should we prepare for?