Greek Tragedy Goes Global

Tuesday, July 12, 2011
By Paul Martin

By: Stephen Lendman
MarketOracle
Jul 11, 2011

After Greece’s government surrendered to banker occupation, trends analyst Gerald Celente told Russia Today that:

America’s “economy continues to decline. There’s no recovery in sight.” Across Europe in Greece, Britain and elsewhere, people are reacting against forced austerity to assure bankers get paid.

In fact, Trends Journal months ago called it “off with their heads 2.0….The global ponzi scheme is under collapse….whether it’s in Egypt, Tunisia, whether it’s in the UK, Greece. Watch out for Spain. Here comes Italy. Ireland’s coming up the backstretch. It’s only going to get much worse.”

“The people know the score….What killed capitalism (is explained) in four simple words: too big to fail…The banks are failing, and they want the people to bail them out….I want to make this clear. The IMF is nothing more than the International Mafia Federation, the loan sharks of last resort, and the people know it. They call it privatization. Adults call it stealing valuable public assets, and selling them to your friends really cheaply.”

In all these countries, “the politicians only represent the people who give them the most amount of money….And what do these austerity measures bring – a lot more poverty and unemployment.” People know it. They’re mad, and they’re reacting globally.

Expect it eventually in America, the heart of predatory capitalism, stealing from the many for the privileged few, bankers and war profiteers always first in line for handouts, as much as they want whenever they want it.

On July 2, long-time former insider, market analyst/observer Bob Chapman said world markets, especially America’s, “are in a state of uneasiness, and it’s only a matter of time before they degenerate further. The real question is will everything break loose between now and the end of the year?” In part, it will, and it’s currently happening.

In fact, problems Chapman explained months ago “are coming together like a bad dream. This could be a replay of 2008, but for a different set of reasons.” Wall Street is a reliable leading indicator.

The Rest…HERE

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