Friday, March 15, 2013

Watch In Horror as Spain, Greece Show Us U.S. Future

In just the same way that Europe experiences each part of the day 5 to 9 hours earlier than the United States, what is now happening in Spain and Greece should be considered a precursor to how awful things can get here in America after a dramatic financial collapse.


Violent protests in Madrid are injuring dozens as demonstrators march against new austerity demands by the Spanish government, which is hemmed in economically by Spain\’s huge fiscal problems and obeisance to wealthy European powers such as Germany. Many wealthy Spaniards are fleeing the country. Catalonia – the well-off region in the northeast that generates one-fifth of the country\’s economic output – is pushing for secession.


And in Greece, the scene of social and financial conflict has been going on for months as its financial woes deepen. There are frequent anti-austerity demonstrations in the capital city of Athens. Authorities recently shot tear gas at rioters who were tossing gas bombs and marble rocks during a 24-hour general strike by angry and disappointed Greeks. More than 60,000 people were involved in the demonstration, marking this as the largest protest in 6 months.


This is where the United States is headed, and quickly, if the current economic regime in this country is permitted to continue having its way. With the weight of $ 16 trillion in federal government deficits endangering our future, as well as the a constant devaluation of the dollar weakening purchasing power and our investments today, it might actually be too late to keep Americans from venting the same kind of social restlessness that is tearing through Europe.


But a place to try to start is the November elections. And in the meantime, any financially savvy American should be seeking ways to protect their investment capital in precious metals rather than keeping it in the paper instruments that are dependent on a world financial system that clearly is being ripped apart at the seams.


It\’s seriously time for us to re-evaluate just what we are doing right here in the United States and prevent re-enacting the tragedy of Greece and Spain.


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Watch In Horror as Spain, Greece Show Us U.S. Future

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