American banks helped Greece and possibly other governments to run massive deficits and conceal them from European Union officials and the public, according to international news reports. Meanwhile, the consequences of the deception are echoing through world currency and debt markets while shaking the very foundations of the Eurozone.
As reported by the New York Times Tuesday, Greece, the widely recognized cradle of self-government, is teetering on the precipice of self-destruction and it is crying out to one-time economic powerhouse Germany for help. For its part, the Germans are reluctant to throw a lifeline to a nation drowning in eddies of its own perpetual profligacy. Germany is flailing a bit itself in the sea of fiscal distress and is worried that Greece might use any rope it is thrown to drag Germany down with it to the depths of irreversible economic despair. The whole episode is a frightening foreboding of the future of America, unless we learn from the mistakes of others and preemptively protect ourselves from the preparatory plans being laid by our own elected representatives.
World government and world socialism. Those are the explicit goals of the Socialist International (SI), one of the planet’s most influential organizations, but one that is virtually unknown to the vast majority of Americans, since it is rarely mentioned in the major U.S. media.
The annual meeting of the rich and super-rich at Davos, Switzerland, ended January 31 with the usual calls for greater empowerment of the United Nations, and for the working taxpayers of the world to fork over more money to fund more UN programs.