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August of misery, riots, mayhem & fears of a second recession

By Sikander Hayat

A very hectic day at work with lots going on and the urge to prove myself to the authorities in charge kept me going through it. With Ramadan, it is very hard to keep oneself motivated and productive but may be that is what it is all about. Today, I left office at about 7:30 in the evening and reached home at about 8:50pm, just in time for the iftar.
While I was driving to work in the morning, I heard on the radio that 3 men of Pakistani origin have been killed in the mayhem which has engulfed all of England. These guys were trying to save their petrol station from being looted when this incident happened. British Pakistanis are very sad and this is one more blow for them as many of them have lost their businesses and livelihoods in this anarchy which has taken hold of England.
Many Pakistanis and people of other ethnicities have lost their life's work. A shop keeper whose shop has been looted and burnt to ground has nothing else to survive on. Tragic, very tragic situation indeed.
What has amazed me is the fact that it was so easy for the social order to break down completely and utterly. There was no presence of state anywhere in London, Birmingham, Manchester and other big cities. The façade which was there before this orgy of looting & mayhem started is no longer there.
Many law abiding citizens have lost trust in the state and if this continues for few more days than there is every chance that people will take law in their own hands and deal with these thugs with whatever means they have at their disposal.
On the other note, markets are crashing left, right and centre in Europe and USA sparking fears that a second recession is on its way. Investors are frightened and are taking refuge in Swiss Francs and Gold. Swiss franc has gone so high in its value that Swiss government is thinking about taking measures to stop its buying by the outsiders. Gold is souring above all the previous highs and these are not good signs for the western economies especially and the world in general. Let's see what happens next.

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