The latest is the close to a Trillion Dollar bailout of Greece. When will this madness end and when will this mortgaging of the future of kids end?
Do we as "common people" have a say in the indiscriminate and competitive "bailout" spending being practiced by our governments? In India if it is not some "stimulus package" it is some "subsidy" or some pay commission which leads to inflation.
This only means that the dream of retiring "early" is nothing more than that. All those who have been fiscally responsible in their individual lives, been disciplined in their spending are now left with assets rendered worthless by the ravages of inflation will have to come out of retirement to work again!!
This will lead to a disruption in society leading to a new social order as more people get frustrated with their lot and start blaming the system for the mess their orderly lives have been made into. The next revolution is not far off - its just a question of when and in which country.
The prime candidate for this upheaval will be where the quality of living sees the maximum drop - the irony in all this is - it is this fear which has prompted the BAILOUT in the First place!!
Talk about economic experts and Vested interests!!
No comments:
Post a Comment