At present the Occupy Movement is not an answer to the Tea Party but when the group
defines itself and the idiots go away it will eclipse the Tea Party and there is a good reason
for this statement. Greece is going to collapse, the reason? Italy is going to collapse and
there isn't enough money to save it. Italy is the third largest economy in Europe and they
are somewhere around the third largest debtor nation period. Italy is about to go under
and if they do, they will take us all down including China.
Look at who is in real serious trouble. America, Italy, Greece, Spain, Portugal, Ireland,
Iceland, France and Britain are not far behind and Germany is trying to hold the financial
ship upright. China is a bubble waiting to burst, and it also has trillions of American dollars
that could become seriously over inflated or worthless. Most people buying their Tim Horton's
coffee and breakfast have no idea how much trouble we are in. Canada has been spared
from nothing. We are an export nation and people can't afford the first instalment on a free
lunch counter.
I hope the leaders of the G20 nations come up with some concrete as we are seeing the
beginning of a depression.
When the bottom falls out, the people on the side of Occupy Wall Street will be those with
now defunct pensions and no future. Where the social security checks stop coming, there
will be hell to pay. All those people who believed, and I am not one of them, will be so angry
with themselves to blame. Everyone wanted deregulation and a wide open security system.
In the end we were treated to irresponsible greed, corruption, and lack of competition not
more. We the people will come to claim what is left.
Those long haired anti establishment folks will be swept aside by a gray haired angry wave
that will bring down the entire system as we know it. The problem I have with a sharp turn
like the one coming is this. One series of mistakes and abuses cannot be corrected by
another series of mistakes and abuses from the other side of the coin. The problem is we
will all pay for the abuses of the Wall Street investors while those same people will walk
away with their bonus and secure finances and you and I will struggle to pay for it all.
Occupy Wall Street will bring down the entire system if we fall into a depression or a recession
lasting longer than two years. Count on it.