Greyerz: “Eric, we have a world where the wealth of the 85 richest people is the same as the 3.5 billion poorest. 1.5 billion people must live on $1.25 a day. So the gap between the rich and the poor is at unacceptable levels. Also, the world’s population has exploded in the last 100 years, almost 5-times, from 1.5 billion people to 7 billion people….
“In the coming economic downturn, which is an economic certainty, we will not only see many of the poor with empty stomachs, but also revolting because of the severe inequalities, with severe social unrest following.
What is happening in Ferguson in the United States will be commonplace around the world, and probably a lot worse. Throughout history the world population has always been controlled by war, plague, or famine. Currently all three of these risk factors are in place. The risk of a major war is the greatest since any time after World War II. Both Ukraine and the Middle East could easily develop into a major war on a global level.
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