07/18/11 Barcelona, Spain – Sure, the US has its own huge debt problem, with a bit of a “ceiling” issue which urgently needs to be resolved before all hell breaks loose. Perhaps that’s all the more reason to appreciate a catchy and upbeat song about a crisis elsewhere. In this case, the euro zone, where Portugal, Ireland, and Greece have already received bailouts and Spain could soon be up next.
See the video below, which came to our attention via a Naked Capitalism post on the euro crisis song.
Rocky Vega
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
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We are in the middle of the greatest depression ever. The great depression pales in comparison to what we are going thru. But no one is paying attention. The Internet is destroying jobs. See http://www.thecurseoftheinternet.com/. You can read this book: The Curse of the Internet and you will be convinced. As jobs disappear, we lose consumers. Once we lose consumers, the entire free market paradigm falters. Once the paradigm falters, everything, especially the world markets will take a beating. But the main players have come up with a tool, namely debt ceiling, to start the chain reaction. They want to control of the onset of the collapse, pegged to Aug 2 at this time.