Only an overhaul in our broken banking and financial system will prevent the next collapse. Goldman Sachs' misdeeds are merely a symptom of a much bigger problem.
European elites push economic myths that benefit the rich and screw the rest. Spain's program means even higher public deficits, fewer jobs, and slowed growth.
The whole future shape of Europe must be resolved in a week or so. It’s a high-stakes game of poker that the Germans are determined to win--at the expense of misery for many.
"Drawing blood” from the economy by cutting government expenditures at a time of high unemployment and underused resources will only ensure the patient’s death, not recovery.
Unless our policy makers can make job creation the top priority, the mass riots and burning streets of Europe may be coming soon to a neighborhood near you.
