Financial News, Politics, and other Skullduggery

Financial News, Politics, And Other Skulduggery

Thursday, November 3, 2011

Politicians backlash at the thought of doing anything for a change

The Prime Minister of Greece, George Papandreou , was forced to retract a call for a referendum to deal with its massive looming debt crisis. It's not that the attempt would have amounted to very much, actually (aside from giving the people of Greece a chance to direct their own fate)--it's the simple thought of having to do anything at all that has troubled world leaders, and the possibility of Greece exiting the Euro Zone. The European leaders are clinging to notions of keeping the EU as one, just the same as American leaders wish to keep the "too big to fail" banks from failing. While the small local banks are allowed to fail, it is the large corporate banks at the center of the mess that are reaping the rewards and have received the lion's share of aid from the tax-payers, most of which will never be paid back.

Greece is at the front lines of the greater economic crisis, while the United States is not far behind (with riots, tire burning, and increased police crack-downs likely to come). But as long as the great illusion is perpetuated, things will be stretched out a little further, perhaps until sometime in 2012 or 2013. It's difficult to say for sure--it was actually a wonder the house of cards didn't fall back in 2008 (faith is obviously a very strong force). We've become complacent living in the present and recent past, confident that nothing will change despite our unsustainable lifestyles.

From the looks of it, we can expect the Occupy Movement to stick around a little while longer, and possibly even rebound more strongly after winter, if for no other reason than the dynamic must change but those at the top are in place to resist change.

No comments:

Post a Comment