The World Economy

continues to slide into freefall, and Obama isn't doing much to stop it:

In short, while the US elite wants to go back to huge profitability through the impoverishment of millions and a consequent reduction of the current account deficit, China seeks to restore profits through the buildup of unsustainable manufacturing capacity. These two policies are set on a collision course, but their mutual outcome will be the same: impoverishment of workers in the importing countries, huge unemployment, overcapacity and deepening economic crisis for the exporters.

These processes, developing within a world economy in free fall and alongside drastically rising unemployment, augur social upheavals all over the world.