by An American in London
Mon Nov 29th, 2010 at 09:29:39 AM EST
Highly recommend you all see the documentary, 'Inside Job' by Charles Ferguson. It explains everything we already knew about the financial meltdown in a cohesive manner understood by the general population.
Ireland, EU, US etc are run at the executive levels by criminals who have defrauded us.
It wouldnt surprise me if Greece, Ireland, Portugal next, etc are acting as 'bagmen' for the EU banks. Besides the bailouts these countries very well may need for themselves and to satisfy their current bondholders; they are being asked to take on more debt, most likely never to be paid out, in order for the EU to provide funding to the massively insolvent EU banks without scaring the 'bejeesus' out of everyone and avoiding cataclysmic events for now.These payments to the banks are beyond what the EU banks exposure is to these 'bag' countries.
If you extrapolate what just Ireland is being forced to take, then the US would need a bailout of seven trillion dollars right away and there is no way the congress or the citizens would ever allow that to happen, at least in public.
The only answer is to default and to continue to default in all these countries and force the criminals out and cleanse and come up with a new system. Otherwise its curtains for all these countries and ultimately our freedoms.
Because we are facing a choice between a form of fascism or new thinking like Roosevelt's New Deal. With keeping the old order in charge we are bound for the former choice.
So instead of playing on the 'turf' of the criminals about what the next thing the criminals will do or should do; how about comments on how the new order following the defaults of all these countries, banks etc will look with the emphasis on how social justice should be integrated into any new system. Livable minimum wage, staged in requirements for wages and standard of living increases for countries with export imbalances which destroy the standard of living of the people in the importing countries etc.