This past weekend a country with one of the highest living standards in the world saw rioting in the streets!
According to Credit Suisse, Singapore ranks 8th in the world in terms of personal wealth. Since the year 2000, Singaporeans’ wealth has more than doubled.
It is clear that this is a very prosperous city state that is the gem of Asia. I know that when I have looked for offshore gold storage in the past, Singapore comes up as one of the top areas along with Hong Kong, Zuric, Perth, and Toronto.
However, on Sunday a riot was sparked in Singapore, the first one in more than 40 years. Long story short, an Indian national was struck by a bus and killed, the surrounding neighborhood went out by the hundreds to set fire to at least 6 police cars and the ambulance that responded to the young man who died.
Now I don’t know every detail of race relations in Singapore, but I do know from what I have read that about 25% of the workers are transient workers, the city state is made up of immigrants, of which about 8% are Indian.
The reason I bring this up is because sometimes just like an individual who snaps, so can a large group. ZeroHedge.com in their coverage of the incident titled their blog post, “Riots Break Out In Singapore; Think Your Country Is Immune?”
This is definitely something to think about living in the United States. Many people think that the U.S. is safe from mass riots across the country due to economic civil unrest, but I don’t think anyone should rule out widespread rioting in the streets.