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?
The AFL is with Senator Bernie Sanders and it is the people’s only chance to push back against Elon Musk, who wants to dismantle our government. Musk family is said to have left South Africa because they could no longer exploit The native/black Africans so he bought Trump and now he’s laying waste to America in the name of progress. With Senator Sanders’ leadership and backing of all labor unions, we could put together the whole of 99 percent of the people and beat back the 2 percent destroying we what once had and stood for while also saving Social Security, healthcare for all, elder care, child care, while working on the climate change crisis (we are running out of time, as the weather is showing us). The workers need to go big, such as a four-day work week like other countries have; universal basic income (UBI) and Medicare for all for unhoused people, which would help get them off the streets. UBI goes right back into the local economies, which supports jobs for the other working p...
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