Whether Greece was the catalyst or May 1st was just an excuse since there seems to be a tradition of protesting on that day was unclear, but the day was a volatile one. In socialist Greece, the riots took place as Greek President George Papandreou was wheeling and dealing with the EU and International Monetary Fund (IMF) over a bailout for his socialist country, according to a http://www.timesonline.co.uk Sunday article. Greek citizens apparently felt that the budget cuts demanded were too deep, and young adults were upset that they were being put in the place of paying the price for what they see as the financial mistakes of the former generations. The article went on to state that social unrest is expected to increase as the poor get poorer and the rich protect their fortunes by investing overseas.
It’s a rough situation with the country’s budget deficit being 13.6 percent of their GDP, overall debt being $300 billion, and 30 percent unemployment among those who are between the ages of 16-24 years old.
Civil servant union head Llias Lliopoulos said, “People are stealing so they can live, so they can eat. And it will only get worse. These (IMF) measures will drag hundreds of thousands of Greek citizens into a life of poverty.”
Interestingly, a cardiologist named Zacharoulis mentioned that he thought that leaving Greece and coming to America or Britain might bring him some financial security for his future. Amazing how the citizens of countries who are in trouble are still thinking of running to America – if they only knew.
According to www.reuters.com, another country where riots were happening was Germany. Why? Because they are “a key contributor to the Greek rescue package.” Other countries in Europe that were reported as rioting over the plague of financial difficulties and high unemployment across Europe were France, Italy, Russia, and Bulgaria.
Meanwhile a www.forbes.com article on Thursday stated that, “The President of European Central bank, Jean-Claude Trichet, told Forbes that a global governance is extremely necessary if we want to prevent another financial crisis. In his prepared printed and spoken remarks to the Council on Foreign Relations, Trichet emphasized that politicians, economists, and financiers must work across the Atlantic and collaborate on methods to create an international set of standards” (emphasis added). Sounds a whole lot like that one world regulatory banking system that George Soros has promised is in the works, and like it’s going to lead into that One World (New World Order) monetary system that is part of the end-times scenario, even as the Democrats in DC work tirelessly to push through that BELIEVE national ID card. Just as a brief reminder, BELIEVE stands for Biometric Enrollment, Locally stored information, and Electronic Verification of Employment. Can’t buy, sell, have a job, go to school, get health insurance, and eventually, won’t be able to leave home without it, either.
To make matters even more eerie, www.wsj.com reported on Friday that a Treasury report stated that communist China is “still the top holder of U.S. government debt.” They presently hold about $877.5 billion in US securities. Japan holds $768.5 billion and the UK has $233.5 billion. In addition, a www.rasmussenreports.com commentary stated that Obama “has appointed three new doves to the Federal Reserve Board, thereby taking command of the nation’s central bank.” Some of the members embrace the Keynesian concept that “too many people working cause inflation.”
Thankfully, there is a lack of unity among the board members on that issue, but it certainly explains the present administration’s assault on small businesses, the very ones who create most of the jobs in America. By God’s grace, the board will remain divided until November, when American citizens can get out, make their voices heard, and hopefully put representatives in place that will fight tooth and nail for policies that will help America to hold on to her sovereignty as a nation for as long as possible. The thing to keep in mind is that primaries are extremely important, too. If conservatives want to see positive changes in the future of this country, especially economically, then it’s vital to make the time to find out about candidates and make sure that those who are truly conservative remain front runners.