While their government spends trillions of dollars killing brown people for their oil, opium and other resources the people of America are drifting towards the biggest economic collapse this world has ever seen. (The link shows a very underestimated vision of the real cost such as the millions of dead, hurt, misplaced Iraqi’s and Afghanis and the hundreds of thousands of dying, sick and psychologically damaged US and other countries troops due to DU and having to live through the horrors of war but it does a nice job of showing some realities anyway)
What does that mean? It means people having to eat rats to survive and while rats actually don’t taste to bad (Musk rats which were a danger to Dutch dikes were served as a delicacy in a restaurant believe it or not.) eating wild rats to survive in the richest country in the world, I hope you’ll agree, is a sign of extreme poverty. If you think that will never happen, think again because it already does.
1.5 children are homeless in the shining house on the hill and 50 million people live under the poverty line and struggle to survive everyday without health care, daily food and work.
Poor people in las Vegas are living in underground rain drains to have a roof over their heads and are at risk of drowning whenever it rains and all over the US tent camps are springing up in forest areas.
For those of you interested to see and learn what happens when societies collapse (if only to be able to prepare) two places stand out for study. One of them of course is Greece and another is the once proud city of Detroit in the land of the free and the brave oppressed and the slaves, the good old US of A now better known as the Evil Empire.
The thing with these two examples of horrible economic collapse is that perhaps we are not the only ones studying what happens when jobs disappear and money becomes scares and the people is squeezed for ever more tax, fines and permit fees while they become more and more restricted in their movements through poverty, rising oil prices and no fly lists.
There are a couple of noteworthy differences between the two examples:
In Greece, a country who’s population suffered immensely but fought back bravely under the Nazi occupation and who also suffered greatly under the Military Junta there is much more solidarity and they have a tendency to demonstrate in huge numbers and direct their anger to the Elite, Government and the Finance institutions destroying the country.
In Detroit hundreds of thousands of people have simply moved away in search of jobs and the left over inhabitants find themselves more and more in a Mad Max situation in which ladies in their late seventies have to apply for gun permits and buy guns to protect themselves from the armed gangs roaming the streets.
In Greece young unemployed people will use violence against the police but it seems that there is no increased crime but more and more people become homeless and commit suicide each day.
Another noteworthy difference is the behaviour of the police. In Detroit and in the entire US the violence of police officers towards private citizens is increasing in multiple mind blowing ways( see here, here and here for just a few horrible examples).
In Greece the Police union representing two thirds of the entire police force has issued a statement in defence of their country and it’s citizenry and it is a searing indictment of the international financial elite wreaking havoc in their communities.
What is also interesting that while the Greek clearly pointed to their elite as the source of the problems with a good understanding of the political situation with regards to their position in society,
The citizens of Detroit and that goes for most of the US it citizens, until the advent of the occupy movement, are on the whole behaving as millionaires who are temporarily out of cash identifying completely with the 1% devastating their country and most of the world.
The same 1% whom we must presume are watching both situations with interest and if I was them with more than just a smidgen of trepidation because their entire future lies on what happens in these places next.
Will the Greek take back their country and return to the Drachma and begin to rebuild their economy causing the entire bloated over leveraged financial bubble machine to collapse or will the military industrial complex take over when the financial war can no longer be perpetrated?
Will the American people armed to the teeth and divided along racial and income lines turn on each other more and more descending into a civil war leaving the 1% to continue their goal of bankrupting the global population or will they finally wake up to the fact that they never have been and never will be millionaires like the 1% and take back their country thereby triggering the FEMA concentration camp activation and the use of military on the streets of cities like Detroit in order to shut down what was once a thriving free community?
“We don’t want a saved Greece with a bankrupt population” Aleka Papariga Communist party leader.
Reports are emerging from Greece that Athens has at least five buildings in flames one of which is a Eurobank building and a Starbucks.
10 of thousands of people are rioting while the police has run out of tear gas after it was announced that Greece would be getting a whopping 320 billion bail out to be paid straight to the banks after they agreed to monstrous austerity measures including the minimum wage being cut by a whopping 22%.
The final vote is not in yet so I hope this sends a warning to the unelected Greek bankster government and ladies and gentlemen may I remind you that Italy and Portugal are in the same dire straits and if Greece defaults it is the beginning of the end for the entire financial system.
Tonight’s protest in Athens has all the makings of the vintage ones from May of 2010, and the nigh is still young. Here are some updates:
Rioting spreads across central Athens, at least 5 buildings set ablaze – AP
2:02PM EST: FIRES ARE BURNING SEVERAL SMALL BUSINESSES AROUND ATHENS AS PROTESTERS CLASH WITH POLICE NEAR GREEK PARLIAMENT
1:52 PM EST: POLICE ARE CLEARING PROTESTERS FROM OUT IN FRONT OF GREEK PARLIAMENT BUILDING
1:50 PM EST: ATMS ARE REPORTEDLY EMPTY AROUND ATHENS… STILL UNCONFIRMED WORKING TO CONFIRM THIS
1:48 PM EST: LARGE FIRES ARE REPORTED AROUND ATHENS… INCLUDING A BRANCH OF EUROBANK AND STARBUCKS
Skai TV reports that police have run out of tear gas & have asked for more supplies to be brought
The title above is diplomatic speak for, “fuck this we’re out”. Fasten your seatbelts ladies and gentleman it’s going to get bumpy for a while. Why? because if Greece defaults so will Italy, Spain and Portugal. And while it’s the best thing that could happen as it collapses the hold that the financial elite has over the globe they will not go easy and do you hear that hissing in the back ground? That’s the sound of $ 700 TRILLION in derivatives evaporating taking the too big to fail banks with them.
Ok, we get the hint. End the foreplay already and file finally. From Bloomberg: “Greece’s Prime Minister Lucas Papademos requested the country’s Finance Ministry to prepare a document on the implications of a Greek default, Panos Beglitis, spokesman for the socialist Pasok Party said. The Prime Minister yesterday told the leaders of the three political parties supporting his interim government that he asked the Ministry “to record accurately and realistically all the consequences of the country’s exit from the euro zone,” Beglitis said today in an interview with Radio 9, according to a transcript of his comments e-mailed from the Athens-based offices of Pasok.” And yes, the market initially rallied just after Lehman filed.
As I am watching this fascinating presentation I have to urge you to watch this in its entirety. The structural changes chapter is horrifying in the scope in which it transfers the powers of congress to the bankers and the chapter on derivatives (the source of John Key’s wealth) is just beyond comprehension in it’s epic scale of deceit. Send this link to all your buddies who still think the sun shines out of John Key’s arse. And then give them the link to my open letter to Eugene Bingham.
Iain Parker, one of the most knowledgeable researchers on international finance and the banking system currently collapsing our entire global economy by design pointed me to Joan Veonan amazingly knowledgeable woman presenting the history and current financial situation before she passed away because of cancer.
Here is part 1 of her presentation. If you click on the you tube logo you will be linked to the rest of this enlightening presentation. Especially the tax law changes under Reagan are stunning.
This article was written by Dr. Paul Graig Roberts. Here is the link to his website which contains a lot of good articles. I decided to post it integrally because the graphs tell a very scary picture about the US and it’s real economic situation. It is dire to say the least.
If you have any money and you want to understand the lies that “your” government tells you with statistics, subscribe to John Williams shadowstats.com.
John Williams is the best and utterly truthful statistician that we the people have.
The charts below come from John Williams Hyperinflation Report, January 25, 2012. The commentary is supplied by me.
Here is the chart of real average weekly earnings deflated by the US government’s own measure of inflation, which as I pointed out in my recent column, Economics Lesson 1, understates true inflation.