The Coming Austerity Votes by All Democracies Around the World

Greek Members of Parliament are voting today on another round of austerity measures. If successful , Greece will get billions more of funny money aid by the better- off democracies around the planet. If one wants to look at real austerity, then one should look up the per capita incomes of people living in Somalia, Afghanistan, Zimbabwe, Yemen, Palestine, most of Africa and most of Asia. The Greeks and other well-off Western democracies have no idea how far they can fall from the style of living that they prefer and grown accustomed to. But those same poor people mentioned above now live in reality whereas the Westerners are being forced to wake up from the unreal dream of the experiment of equality: no matter the cost. Democracy is too expensive and has never lasted.Tribes will outlast.

Stock Market Crash Unfolding Now

The stock market fell 323 Dow Jones points today. It was reacting to a terrible May unemployment report. The tally of private sector jobs was a mere 41,000. It was expected to be in the 125-250 thousand range. There is no way thye U.S. can grow out of this recession with those kind of employment gains. Consequently we will crash. Maybe revisit the market lows of last year. That would be an additional 3000 points lower from this level.

Obama, Pelosi, Reid et al who passed a costly health care reform but can't pass a necessary financial markets reform will be long remembered as two important reasons for the crash. Simply Americans have lost faith in their central government. And who can blame them.