Thursday, March 14, 2013

It's the economy stupid


Surfing through the world news sources to get a better picture of what's happening I stumbled on some revealing information from of all places the Ukraine. And while America is focused or should we say distracted by the next pope or more importantly the next American Idol, conditions are ripe for a revolution. It won't be as mild as the minute men fighting the red coats either. A check of country after small country gave light to the situation. This recession is more akin to a depression only it hasn't quite hit here. And those at the top are secretly worried that the house of cards is about to fall.

 The United States on Wednesday urged Ukraine not to renegotiate its World Trade Organisation commitments, warning the move could trigger a chain reaction and bring down the whole global trade system.

Countries are waking up to the fact that you can't keep cutting and laying more austerity on the populations and expect healthy economies. The proposals are to increase tariffs and taxes to make up for massive losses over the past few years. Entire industries sit idle and while citizens are none too happy, their leaders are starting to worry about not just their own jobs but their personal safety for we know by history that coups and uprisings in other countries tend to lead to dead leaders.

There are 18 million empty homes in this country,the evidence of the housing bubble, but what that's done on a world scale is more than horrific. While the gamblers of the financial world were busy cashing in their chips entire towns were quickly becoming empty and some never saw a tenant even after they were built. They were built and nobody came. Rules were thrown out the window and the game continued until we have what we have now. There's not much left to squeeze out of economies when few are working and there's nothing to produce. And if you don't think it's happening in just the major countries like Greece, Spain and Italy then dig a little deeper.  These trade agreements like NAFTA and CAFTA were no blessing. It appears the World Trade Organization (that would be the financial boys at the top of the heap) are very nervous that things are about to fall. I suspect they are right this time especially when the players (suckers in this case) want to change the rules in the middle of the game.

The extent of the corruption by governments is beyond belief. They may have followed the letter of the law but they sure didn't follow the spirit of the law. Even now it's all debatable. And as we all know if you give somebody an inch they'll take a mile and they did just that.Time to give them the foot?


BBC said...

Those at the top should be worried, without us they are shit. Well, they are shit anyway and I wouldn't have any problem with a bunch of them getting killed, just like they have in the past.

On the bright side it isn't fucking raining.

billy pilgrim said...

if spending about $1,000,000,000,000.00 more than is collected in taxes is austerity then i'm confused.

Demeur said...

The problem is where the money went pilgrim. They got the elevator and we got the shaft.