Similar to how Europe experiences each part of the day five to nine hours earlier than the United States, what's been happening in Spain and Greece must be seen as a potential precursor to how ugly things could get in America after an economic 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 social and economic chaos that has been brewing for months has resulted in violent anti-austerity protests in the capital, Athens. Authorities fired tear gas at rioters who were propelling gas bombs and pieces of marble, part of a 24-hour general strike by infuriated and discouraged Greeks. More than 60,000 people participated in the demonstrations, making this 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.
Yet a place to attempt to begin is the November elections. And in the meantime, any financially experienced American ought to be looking for means to secure their financial investments through precious metals rather than putting their faith in a paper instrument that is dependent on a world economic system that is clearly falling apart.
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.
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 social and economic chaos that has been brewing for months has resulted in violent anti-austerity protests in the capital, Athens. Authorities fired tear gas at rioters who were propelling gas bombs and pieces of marble, part of a 24-hour general strike by infuriated and discouraged Greeks. More than 60,000 people participated in the demonstrations, making this 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.
Yet a place to attempt to begin is the November elections. And in the meantime, any financially experienced American ought to be looking for means to secure their financial investments through precious metals rather than putting their faith in a paper instrument that is dependent on a world economic system that is clearly falling apart.
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.
About the Author:
Find out more about buying and selling gold, or visit Anne Trimble's site to read her eye-opening book Faith Through The Flames.
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