Austerity for the masses, free money for the banksters, or we're all dooooommmmmmmeeeeedddddd!!!!!So says The Economist.
Frankly the doomed part might be right if the Euro Zone goes under.
Or even if it just hits a deep recession and tilts the rest of the world into the abyss with it.
But it's these same arrogant assholes who are clamoring for bankster bailouts or we're going to see Lehman 2.0 x 2 who caused all this shit in the first place.
How come the austerity comes for the masses, but the banksters and hedge fund criminals who caused all of this stuff get to ride off on huge waves of free, newly minted cash?
I'm not an economist, I'm not a political scientist, I'm just an English teacher with a skeptical nature, but my sense is that these people have no idea what the fuck they're doing, are making things worse rather than better with all these imposed austerity measures, and when the Lehman 2.0 x 2 crash comes, the disorder and chaos that is set to be unleashed is going to make the Great Depression look like the Eisenhower Fifties.
No wonder they're clamping down so hard and heavy on the Occupy encampments and such.
And no wonder they're unleashing all that Homeland Security technology on the Occupy people.
They know, man.
They know.
And they're scared.
Imagine what happens if we get Lehman 2.0 x 2?
People are pissed and living in fear already.
And some are finally waking up to not only how dire the circumstances are, but just who it was who caused this mess in the first place.
People aren't going to put up with this bailout for the banksters/austerity for the masses shit a second time.
And they're going to come looking for the arrogant assholes who caused the disaster.
The Euro banking system is teetering. It's four to five times the size of the US banking system.
ReplyDeleteItaly is about to default. I guess the only move will be for the IMF to bail them out. The ECB, basically is Germany backed decisions. The IMF, indirectly, or directly uses US Fed money. The politicians will print money if they have to , to prevent the Euro and the euro Union from collapsing. No one knows here what would happen to our system if the Euro Union collapses. The other choice would be to declare default on debt, and the banks taking a huge hit. Which one do you think the pols will choose? Kick the can down the road for 6 months to a year, or make the banks take a huge hit? If they print, the worth of the dollar in your pocket goes down,down,own.