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The Irish "get it"

Politics / Economic Austerity Nov 28, 2010 - 06:14 AM GMT

By: Michael_T_Bucci

Politics

The people of Ireland "get it". The people of Greece, Spain, and Portugal "get it". It's the American who doesn't. What do they "get"? They realize the austerities imposed upon them are to shield, protect and defend the profits of the bankers, the traders, the market speculators, hedge funds, bond holders and entire investment class who will suffer little if at all from their market loses  - the people will bear their loses.


The American will blame the poor, the food stamp recipient, the welfare queen, the non-working non-taxpaying "bum" for conditions that have been perpetuated by the current and past administration in league with the wealth and multinational sectors. Their crimes are against all people and against the state, crimes that continue to go unchecked, immune from prosecution and concealed by America's ruling class and mass media who are now fully in the saddle after the elections of November 2.

The Irish have more at stake. As the Irish Times explained on November 18, "Having obtained our political independence from Britain to be the masters of our own affairs, we have now surrendered our sovereignty to the European Commission, the European Central Bank, and the International Monetary Fund."

Speaking of the men who died in 1916, The Irish Times asked: "Was it for this?"

The Irish "get it". When will the American?

When enough people "get it", this savage raping and looting of Western societies for the benefit of "capital" will be stopped and turned on itself - for extremes produce opposite extremes, very often after sad, tragic and bloody conflict.

Will the American see through the Iron Curtain its media has erected against the plain and simple truths behind the meltdown, who caused it and who is to blame? Behind the bail-outs and who was made richer and who poorer? The alert American should keep his or her eyes on Ireland, Europe and Great Britain; for, beginning soon, "austerity" (IMF style) will be arriving here. The investor class - being the determining factor in whether nations sink or fall, whether people eat, starve, live or die - will dictate those terms. But the investment class will bask for only a short duration in this, its "last hurrah". For enough of the people inevitably will "get it". There promises to be little mercy for the wealthy in the end. Do the wealthy "get it"?

For today, the Greek, Spanish, Portuguese and Irish do. Will ever the American ever "get it"?

By Michael T Bucci

Michael T Bucci is a retired public relations executive from New Jersey presently residing in New England. His essays have appeared at The Market Oracle. He is the author of nine books on practical spirituality including White Book: Cerithous.

    © 2010 Copyright Michael T Bucci - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Greg
29 Nov 10, 00:11
Don't speak for this American

Many, many of us see that it's the global elite screwing the rest of us over. Unfortunately, it won't be until we're all feeling some real effects (hunger, destitution) that the majority of people will act on it.


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