Submitted by John Mauldin via MauldinEconomics.com,
The world is undergoing a profound demographic shift that will cause sweeping changes over the next few decades.
Those changes will broaden the scope of our study of economics and investing; they will alter our understanding of sociology; and they will radically affect politics and governments.
Thousands took to the streets around the world to mark International Workers Day on May Day with several demonstrations erupting into violence. Demonstrations which started peaceful turned violent with police deploying tear gas and water cannon. Tensions over the global economic slump fuelled the May Day riots and protests with trouble breaking out in various parts of Europe and Turkey. One man was reportedly killed in Istanbul as he was ran over by a police water cannon vehicle.
Anti Donald Trump protesters in Costa Mesa, California clashed with police and Trump supporters outside a rally on Thursday night. Police arrested twenty people in the small conservative town where one third of the residents are Hispanics.
Hungary’s Prime Minister Viktor Orban has officially banned ‘Islamisation’ from Hungary in order to protect the country’s culture and language. Orban said the government opposes mass migration because it dilutes the principles of the Hungary constitution. Metro.co.uk reports: These comments follow the country’s decision to build a razor-wire fence last year to stop migrants from entering its borders. Orban said in order to be able to protect the citizens of Hungary they must know who wants to come in and why.
An Iranian man set himself on fire on Wednesday in protest at being kept in a refugee detention centre by the Australian government on the small island community of Nauru. Four other refugees also reportedly attempted suicide during a visit by UN officials to the immigration detention and offshore asylum processing center in the South Pacific. Human rights groups have long criticised the policy and conditions in the camps.