Tuesday, May 8, 2012

As Europe slides beneath the waves...can America be far behind?


Europeans must surely be wondering as measures for an austerity program, drafted in Germany, become widely known by an electorate of cash strapped governments. Citizens of countries like Greece, which have seen widespread unemployment and a dramatic loss of wages, are now being told that things will get worst...a lot worst, in the days ahead. The leadership there faces a stark reality; either stay the internationally-prescribed course and receive further support; or go cold turkey and exit the eurozone. Either way, the suffering will be great! To say that the people there are in a foul and volatile mood would also be accurate, especially considering that the leadership in Athens must come up with another 15 billion in cuts next month just to keep the creditors happy.

Countries like Italy are now seeing a resurgence in the popularity of far left and far right fringe groups, both of which have done well in recent elections. Elsewhere, increasing unemployment is sending younger voters flocking to the political margins. They're willing to listen to anyone who says they have a plan out of the mess that millions now find themselves in. A situation not too unlike the conditions Germany found itself in just prior to the rise of Adolf Hitler and the Nazi Party.

All of this chaos stands as a warning beacon to everyone in the United States, that they too are headed to a similar fate. One has to wonder just how far off on the horizon a major revolution and world war will be...

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