what does the USA have to look forward to once the oligarchs' plan to squeeze the last drops of blood from the working class is finally implemented via the obama/boehner program?
CNBC Trader Talk Blog — Pisani: Euro's Future—When Will Rioting Start? — CNBC.com Market News - CNBC: "economic historian Hans-Joachim Voth has examined the history of 28 European countries over the last 90 years. His conclusion:this dude is writing about europe, and we seem to harbor a tenacious illusion that things are different "over there," and that people in the US are too narcotized by their games and gadgets and TV to seriously contemplate revolution.
1) "Austerity and anarchy are closely linked"
2) "Savings [budget cuts] amounting to just one percentage point of GDP are accompanied by social unrest. And when they reach two or three percentage points, it massively increases."
The cuts being asked in Greece — and likely Italy — far exceed two to three percentage points. The debate on the Italian austerity budget begins in Parliament next week.
Nor are they likely to be implemented: "There's no reason to believe that the scale of reforms currently needed to move things forward economically is politically feasible.""
to these pleasant musings of the comfortable classes, all we can do is offer up the lessons of history -- a type of edumaction that's entirely out of vogue in the empire of the senseless. we'll find out when the light coming through the window is the fires engulfing the great cities of the nation.
can't wait. can you?