Greece Fuels Fears of Contagion in U.S.

Investors and policymakers are starting to worry that the economic crisis in Greece could cross the Atlantic and undermine the U.S. economic recovery, in the same way that U.S. housing woes in 2008 battered Europe.

"What we have seen is that contagion"—economist-speak for a spreading crisis—"has gone global," says Harvard University economist Jeffrey Frankel.

Webmaster's Commentary: 

This confirms what I said below; the reason the Greek riots are crashing the US markets is the fear among bankers that American taxpayers will follow the lead of the Icelanders and Greeks (and Spanish and ...) and realize that there is no law and no moral right that allows the government to take money from the general population and give to private companies to save them from their own greed and recklessness.

In a way, the globalists got what they wanted; a single world united under a single political ideal, but it is not the one they wanted. Instead of global socialism or global fascism what we have is a global revolution in which the people of planet Earth are finally fed up with the predatory practices of Federal Reserve style debt enslavement.

Comments