Soaring food, energy, and shelter inflation have led to what could be a new era of civil unrest worldwide. Pockets of unrest have been observed in Sri Lanka, Peru, Kenya, Ecuador, Iran, and Europe. New research forecasts a broader wave of discontent is just ahead.
Earlier this year, Rockefeller Foundation President Rajiv warned that a "massive, immediate food crisis" is nearing. The UN said this summer that the world is "marching towards starvation" with an increased likelihood of civil unrest and political violence.
Making sense of the impending global turmoil is Verisk Maplecroft, a UK-based risk consulting and intelligence firm. They have just published an updated version of the Civil Unrest Index (CUI), covering seven years of data, showing the last quarter saw the most countries ever since the index was created move higher in civil unrest risks (101 of the 198 countries tracked by the firm saw increased risks of civil unrest).
"The impact is evident across the globe, with popular discontent over rising living costs emerging on the streets of developed and emerging markets alike, stretching from the EU, Sri Lanka, Peru to Kenya, Ecuador, and Iran, " Verisk wrote in the report, adding conditions are worsening as the frequency of protests and labor strikes could accelerate into fall.
"Although there have been several high-profile and large-scale protests during the first half of 2022, the worst is undoubtedly yet to come," the firm warned.
Verisk noted Algeria has the highest likelihood of projected civil unrest over the next half year because of rising inflation. Other areas include Europe, mainly due to energy hyperinflation decimating household finances.
When the people's livelihoods are affected -- watch out -- that's an environment ripe for social unrest. It's already happening in Prague and could spread like wildfire.
More than 70,000 Czechs protested over the weekend in Prague, the capital, demanding the ruling coalition take a neutral stance on the Ukraine war to ensure energy supplies from Russia aren't cut off ahead of winter. Protesters are outraged at the European Union for sanctions against Russia that have sparked soaring electricity bills and triggered a cost-of-living crisis.
"Bosnia and Herzegovina, Switzerland, Netherlands, Germany, and Ukraine are all among the states with the biggest projected increases in risk," the report said.
"Only a significant reduction in global food and energy prices can arrest the negative global trend in civil unrest risk. Recession fears are mounting, and inflation is expected to be worse in 2023 than in 2022," Verisk said.
Energy prices however took another blow over the weekend as it was announced Russian gas flowing toward Europe won't be coming back anytime soon, as Gazprom announced that it had "completely halted" transport of gas to Nord Stream until a previously undetected oil leakage is rectified.
That could takes hours, days... or months. The "shocking development" is a massive blow to Europe, which is scrambling to fill up its gas storage ahead of winter and which has been trying to guess Moscow's next steps in the energy war for weeks. It is unlikely Germany can last very long without these supplies and is already taking drastic action to reduce energy consumption throughout the country, however it may not be enough.
The question also remains if central banks can arrest inflation with the most aggressive interest rate hikes in decades. If not, then most experts expect the next six months are likely to be even more disruptive than earlier this year.
We are watching civilization crumble all around us and we are rapidly plummeting into an abyss of anarchy, madness and chaos, and the days ahead are not going to be pleasant.
Many Bible prophecy scholars speculate that such worldwide anarchy could open the door to civilization crying out for someone to save us from ourselves. Instead of looking to God, society will turn to yet another politician who will offer promises of peace and solutions to the world's problems but instead it will begin one of the most terrible times in all of world history.