Cyprus, Greece Gathering Storm Threatens Europe and America

Sunday, March 17, 2013
By Paul Martin

By: EWI
Market Oracle
Mar 17, 2013

The similarities between Greece and pre-WWII Germany are striking.

Nazi salutes.
Praise for Adolf Hitler.
Swastika-like banners.

Now, before you write off this warning as a run-of-the-mill, Nazi-name-dropping scare tactic, consider this recent report from the Socionomics Institute, a U.S.-based think tank that studies global trends in social mood. Here’s an excerpt from the Institute’s February publication of The Socionomist.

A rising political party known as Golden Dawn is resurrecting such practices, all hallmarks of Hitler’s Third Reich, in modern-day Greece, which has suffered a dramatic, five-year stock market decline.

From 1927 to 1932, Germany suffered a disastrous stock market decline, falling 73% over five years. Six million people were unemployed, and the government was weak. Germany suffered outside financial pressure in the form of reparations required by the Versailles Treaty and consequences of its involvement in World War I.

Adolf Hitler argued that the German government betrayed its people by signing the Versailles Treaty. He promised that if he were elected, the nation would stop paying the reparations. The position appealed to the German people’s anger and helped the Nazi leader become chancellor in January 1933.

Modern-day Greece has experienced an even larger five-year decline than 1920s-1930s Germany did, falling 88% since 2007, and the country has suffered a debt crisis. As a condition for bailouts aimed at helping Greece recover, the European Union has imposed tough austerity measures. The Greek government has implemented the measures. Meanwhile, the deepening negative social mood has fueled protests against them.

The Rest…HERE

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