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Saturday, May 26, 2012

It's Payback Time!

Christine Lagarde, president of the IMF, in an interview in the Guardian, bluntly told the Greek people that "it's payback time and not to expect any sympathy."The real question in this looming "game of chicken" between financial interests and societies is who is going to pay the ultimate price? There is an abundance of recently produced documentaries and stories that point in the same general direction, namely that we are heading to the precipice in a "game of chicken," as societies are asked to account for decisions that political and economic leaders made, while playing a game of monopoly.
From Nick Dunbar's Goldman, Greece and a troubling tango to the more recent documentaries
Crisis Guide: The Global Economy – Council on Foreign RelationsThe Financial Crisis Like Sangia? – Frontline Documentary,it is abundantly clear that a higher stakes game is afoot. Unfortunately, it appears that there will be payback, and if history is any indication the outcome will be disastrous for all. One doesn't have to search the annals of history as Peter Frankopan, New York Times, did with the Bankers at the Gates to understand the calamity ahead.

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