Euro And We Owe, But Who?
If you know where folks' savings went, send me a card.
A Basic Overview Of The Underbelly Of The World Economy today....
You've heard them, too, so this is my take on the global economy, and how it will play out:
The Euro is up....The Euro is down....The banks are collapsing all over town!
The dollar dipped....The dollar climbed....The dollar's stable, but just for a time!
I know that you know those tales of woe, but where, oh where, did that money go!?
The shekel is shedding....the drachma comes back....the whole world's economy's under attack!
They Occupy Wall Street....the cops are upset....could this be The End, or isn't it yet?
For me there's no worry, my money is safe, I'm just a broke, poor, penniless waif!
How will it play out? I had an uncle who summed it all up quite succinctly: "Blessed be nothings."
I'm jealous for that 'penniless waif. I just visualized scratching out a living on the Barrens of Scotland, but coming home to the love and matching warmth of a cozy fire, a happy wife, and a gaggle of excited children.
The "nothings", however, are the seed beds of potential turmoil and despair which can come from lost expectations, those disappointments and frustrations illustrated in the not-so-long-ago encampments of that Occupy Wall Street Movement. For now it seems to have been leaderless and clueless, but France could tell us something from its history, and I wouldn't even be surprised to hear that anarchists are celebrating daily with High Tea in Dorchester!
When the "sub-prime housing market" (whatever that was) collapsed and billions (if not today's benchmark of trillions) were lost, where did they go? Were they even there in the first place? Was it just a "technical correction" (whatever those are) that showed up simply as a smaller number on some financial fact sheet somewhere?
Americans, Tunisians, and the "man on the street" (or is it "in the square") in Egypt, aspired to today's poorly defined "Democracy"---though America is actually a "Republic," But Tunisia can't collect all the guns, and Egyptians don't really know if it might have been Al Quaeda snipers adding to the turmoil that brought down the Egyptian dictator.
For whatever "Democracy" means in today's world, how can there be anything like "True Democracy" when even the leading G20 economists can't stabilize a country's "bottom line," centuries-old banks have cause to wobble, and potential voters have no more clue than I have about what ballots could do to replace bullets?
"America Land of the Free" seems to have become "America, A Land of Milk...And Money." Anonymous somebodies milked the system, got away with it, and the rest of the world managed to lose a lot of its hard-earned money.
My uncle was right, "Blessed be nothings." All of us may get a chance to experience that blessing. I only pray we may all be as content as the Barrens Scratcher of Scotland.
© 2012, 2016 Demas W. Jasper All rights reserved.
Economics And You.....
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