10/26/2011

Apocalypse Now

WE WILL NOT SPEND LESS!

WE WILL BORROW MORE!

WE WOULD RATHER DIE THEN CHANGE!


Claudio Barbato (L), a member of the opposition FLI party, fights with Fabio Ranieri (R) from the Northern League in Parliament in Rome October 26, 2011. The Italian deputies exchanged blows in parliament on Wednesday as tensions over a tough economic reform programme came to a head.
By Aris Messinis, AFP/Getty Images
A protester from a rival group, left, beats communist union demonstrators in Athens. Hundreds of masked protesters threw gasoline bombs and stones into a crowd of Communist Party supporters as both sides staged protests against planned government economic cutbacks.

Protesters smashed windows and waved anarchist flags from the roof of the building housing the Conservative party headquarters as the fringe of a vast rally against university funding cuts turned violent.

4 comments:

Sandy said...

I have always said the real elephant in the room is Italy and the French & German banks (because they have such bad loans). Not Greece.

The bond vigilantes have been saying that for weeks now with sky-rocketing bond yields for their sovereign bonds.

We have got it coming, and we are going to get it good and hard.

The probligo said...

I promise anything just to get me elected...

Principle 1 of politics.

Solfest said...

And we all see what happens if they try to take away some of those promises.

The politicians won't change unless people demand it, so only the people can change this, and so far we don't seem up to the task.

Instead of riots demanding spending cuts we have "occupiers" demanding politicians take someone else's money and give it to them.

It comes down to financial literacy, as Kiyosaki says, and for all our education we don't have a clue.

Solfest said...

http://fullcomment.nationalpost.com/2011/11/02/matt-gurney-does-the-financial-ignorance-of-canadas-youth-explain-the-occupiers/