“There Will Be Blood”

Whoa! This interview by the Globe & Mail with Harvard financial guru Niall Ferguson is going to generate some serious waves.

Niall Ferguson

Niall Ferguson

Mr. Ferguson predicts prolonged financial hardship, even civil war, before the ‘Great Recession’ ends. This is the kind of talk that could easily have come off Alex Jones’ Infowars site, but coming from Canada’s leading conservative daily is quite another thing. From the interview, Mr. Ferguson states:

“There will be blood, in the sense that a crisis of this magnitude is bound to increase political as well as economic [conflict]. It is bound to destabilize some countries. It will cause civil wars to break out, that have been dormant. It will topple governments that were moderate and bring in governments that are extreme. These things are pretty predictable.”

This article sends a signal to “middle society” that many in the blogosphere are aware of. But to take a media 2×4 to the comfort zone of the middle class is quite another thing. The worm is turning, turning…has turned.