Greece

A little rant on the Greece crisis.
It's funny how our media, when talking about the problems PIIGS (Portugal, Italy, Ireland, Greece, Spain) are having, it seems the problems just pertain to them,...... they made mistakes.....they spent too much....look at their debt........look at the riots.....idiots.
What is scary is the US is in worse shape, but because the USD is the worlds currency reserve we have the luxury of printing as many $$$$ as needed. 
What do you think would happen if our gov could no longer print at will? What if OPEC, Asia the UK to mention a few, no longer had the desire or the need to purchase our debt? For decades many felt it would never happen.........after all....we are the United States of America......it's preposterous to even think such an event could ever transpire. Since 07 China has warned that our spending was unsustainable and now is a net seller of our Treasuries, so is Japan and UK and others will soon follow. The US is now monetizing the debt it creates to pay for services it's citizens demands. and for all the loans WallStreet and the banksters have created.......profited.... and now dumped on our backs.

Same thing with PIIGS. Banksters drained the wealth from the country and it's citizens by burdening them with an enormous debt they knew could not be repaid and now hold them hostage.
Iceland anyone? Oh right......the media told us they collapsed due to a housing boom.......LOL.

Glenn Beck the other nite was scribbling on his blackboard about how Greece was gonna default......then France, Germany, UK then the US and then China. and it will all be Europe's fault that the US goes bankrupt.
Huh.
Some one should call Glenn and let him know we defaulted years ago, but again......we own the printing presses so no one over here has noticed. How else can we run deficits twice the size of our revenue.......and back $27 trillion in loans Goldman Sachs and company so kindly packaged up for us.
AIG? Why did we buy an insurance company? Oy.....don't get me going on AIG.

Back to Greece.
Greece has a debt load approaching 120% of GDP.
US is currently at 94% but if you include (which Congress wants to do because we are responsible for it) Fannie and Freddie it will bring it to 150% of GDP.
Greece's deficit is 9.1% of GDP
US is 10.2%
I can go on but I won't.
Besides not having a printing press, Greece doesn't have a government that is the largest employer, has entitlement programs that are broke and knows it can't possibly keep, endless bailouts and stimulus programs, a government that finances our homes, cars, credit cards...etc... pays you when you are unemployed, take care of you when you are sick, hungry, old or homeless, bla bla bla bla.

California is our Greece. Insolvent and about to default.
Iceland was the canary in the coal mine and the US is one big fat Greece tragedy......we are Greece x 100.



When the time comes and we run out of ink.......and it will come, it happens to all empires,  and our gov says they can no longer take care of us.........you will see riots in the streets.