What happened and is happening in countries like Greece, Spain, Italy, and Portugal has already happened here in the U.S. The blatant facts are it is not the fault of the borrowing people or countries; it is the reckless lending by German, U.S. and other banks or lending institutions, like Goldman Sachs.
Greece should have never been let into the Euro and only met the membership criteria by working with Goldman Sachs to cook its books much to the detriment of the Greek people. The books were cooked to hide Greece’s debt with currency swaps after the 2008 crisis. The banks that lent so recklessly were bailed out and Greece was left holding the bag.
The idea that Greece is to blame for its woes and should do like Ireland did is wrong. If this all sounds like we here in the U.S. have heard and seen this financial criminal behavior before, we have and again the banks and Wall Street were bailed out and the people were thrown out of their homes.
At this time in Spain, nearly 350,000 Spanish families are unable to cover their mortgage payments and have been evicted, which precipitated a wave of suicides and now there are 3 million houses vacant. Between 24 percent to 50 percent of young people are jobless and this could very well be happening here in the U.S. again for there is a war being waged on our unions, wages and most of our social programs.
With oligarchies like the Koch brothers getting more money and power each election, what we’re seeing in Europe is what will happen here unless the proletarians become educated on what is to be done and how to do it. Enough is enough. How much money does one wealthy family need to live comfortably?
In 2012 more than a quarter of all political contributions came from just 30,000 people who represented the 1 percent of the 1 percent, 90 percent who spent the most won. Today, we are an experiment in either a democracy, which started in 1787 or an oligarchy, which is winning. The nonunion people, like Trump and Musk, have most all the tools in their pockets to destroy our unions. They have money, they have the courts, they have law enforcement, they have the media, and 50 percent of workers that don’t know this don’t know the history of the working class people. This is the perfect storm to lose all the gains workers have made whether they’re union or not, even our Social Security and Medicare, and the Affordable Care Act. So, now we will have to go way back to the late 1920s and ‘30s and dig up the old labor party books. One book, written in 1964, has the information, The Rebel Voices, an IWW Anthology by Joyce L. Kornbluh, educator, activist, and advocate. The history of our labor...
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