The sacrificial victims will be, in the first instance, families and firms (and banks and investors) in countries such as Ireland and Club Med. ( Portugal, Italy, Greece, Spain, known as PIGS).
Subsequently, German savers (or British taxpayers) will bear the burden of bailouts that a newly empowered “EU economic government” will ordain. View Entire Story Here.
What we are watching, cut to the chase, is the people telling the bankers, that they REFUSE to accept financial slavery that was thrust upon them by unscrupulous politicians and even sleazier bankers. For a good understanding of the current situation, the third video below offers a concise explanation.
All photographs courtesy of Getty Images.
"Default now and save us from liquidation"
GREEK LEADER "DEAD MAN WALKING"
Yet Americans do not seem to realize that this same scenario faces them ~ only the extra twist is, they went broke fighting wars run for profit by the same bankers who are simultaneously enslaving them over the debt. These bankers win from war profiteering AND on the interest, and the accumulated slaves and their labour.