The banksters may be partying on taxpayer funds today but tomorrow they will be back preparing their defensive positions. The Economist Intelligence Unit just issued a glimpse of the future in the link below and it is quite dire.

http://tinyurl.com/dd45da

Regards - VHF

Here is a snippet:

"The political risks from the economic crisis are increasingly dire. Dennis Blair, America’s new intelligence chief, says political turmoil from the global recession has replaced terrorism as the country’s biggest security threat. Ferenc Gyurcsany, Hungary’s prime minister, warns that an economic collapse in eastern Europe could tear apart the European Union and create a new Iron Curtain. Further east, the slowdown in China’s economy and the lack of political freedom is creating fertile ground for social turmoil. Millions of migrant Chinese factory workers who returned to the countryside for the lunar New Year holiday earlier this year had no jobs to return to.

Job losses are at the heart of the growing political crisis. The International Labour Organisation expects global unemployment to rise by around 30m this year compared with 2007, and by as much as 50m if the world economy turns desperately downward. In the US alone, more than 2.5m jobs were lost in the four months from November 2008 to February this year. Unemployment is being driven, in part, by a collapse in industrial production, which has fallen by more than 10% year on year in most countries. Japan’s exports plunged by a shocking 46% in January this year and its economy by more than 12% in the fourth quarter of 2008, at an annual rate. Service industries are shedding jobs just as quickly. Few employers, apart from government, are hiring."