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http://www.globalresearch.ca/index.php?context=viewArticle&code=MAR20100222&articleId=17736

 

Came across this, thought this was interesting, pretty lengthy, follow link to read more.

Understanding the Nature of the Global Economic Crisis

The people have been lulled into a false sense of safety under the ruse of a perceived “economic recovery.”Unfortunately, what the majority of people think does not make it so,especially when the people making the key decisions think and act to the contrary. The sovereign debt crises that have been unfolding in the past couple years and more recently in Greece, are canaries in the coalmine for the rest of Western “civilization.” The crisis threatens to spread to Spain, Portugal and Ireland; like dominoes, one country after another will collapse into a debt and currency crisis, all the way to America.

 

In October 2008, the mainstream media and politicians of the Western world were warning of an impending depression if actions were not taken to quickly prevent this. The problem was that this crisis had been a long-time coming, and what’s worse, is that the actions governments took did not address any of the core, systemic issues and problems with the global economy; they merely set out to save the banking industry from collapse. To do this,governments around the world implemented massive “stimulus” and“bailout” packages, plunging their countries deeper into debt to save the banks from themselves, while charging it to people of the world.

 

This is where we stand today, and is the road on which we travel.

 

The western world has been plundered into poverty, a process long underway,but with the unfolding of the crisis, will be rapidly accelerated. As our societies collapse in on themselves, the governments will protect the banks and multinationals. When the people go out into the streets,as they invariably do and will, the government will not come to their aid, but will come with police and military forces to crush the protests and oppress the people. The social foundations will collapse with the economy, and the state will clamp down to prevent the people from constructing a new one.

 

What say you, to agree or disagree???????

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