"Today, (Nobel Prize-winning economist) Paul Krugman decreed that the U.S. and Europe are suffering not a recession but a “depression,” and highlighted the social unrest and anti-democratic forces growing in Europe.
Economic - and austerity - fuelled riots have already struck London and Athens. Police in England have formally labeled the Occupy movement a “Terrorist threat” alongside Al Qaeda and FARC and, of course, excessive police force has been repeatedly used against Occupy protesters on U.S. soil.
And U.S. Terrorism officials now routinely emphasize the supposedly domestic nature of the Terrorist threat, with greater powers constantly being seized in its name for domestic uses."
And it will be a permanent 'depression' - the oligarchs need a larger permanent underclass to enable them to siphon off the last of the earth's resources etc for themselves...