So I will keep this short. I’ve pontificated about the Greek debt crisis here before. However, I have to point something out to you that probably escapes everyone’s notice. No, I’m not going to say how this could be us one day, the previous article talks about that. What I am going to say is simple: Notice. Notice that the problem doesn’t go away once some fund comes and bails you out. It isn’t a magic panacea. Your credit rating is still crap and investors have little to no faith in you. Once the genie is out of the bottle and the world has no confidence in you, things stay that way. Your problems have only begun. These Greeks have it easy, there is still a financial world left over to escape to after their country’s economic collapse. You better learn to speak Mandarin or Cantonese and walk with a serious stoop after the US implodes financially. There will be no where else to go. By the way, you’ll have to give up your Starbucks mocha latte, your organic Wholefoods hummus, and your 60″ HDTV as well.
If the austerity measures and rioting can happen over and over in Greece, they’ll happen here the same way too. It’ll make the riots of the 60’s look like a walk in the park.