Coming off record profits, no consequences for starting the world economic recession, and the expansion of the global economy, Wall Street is now openly ready to create their New World Order. Ahh, good old conspiracy theory, but sometimes the conspiracy is not a theory. Recent events regarding the debt crisis in the EU has made this effort at creating such an 'order' quite blatant.
We are all too familiar with the tales of economic woe in Greece, Ireland, Italy and even the U.S. "Investors" are demanding drastic cuts in budgets, at the expense of the people, and tax increases in order to appease financial interests. In Italy, the increase borrowing costs, which is creating even more of an economic problem, will also generate massive cuts. Spain and Portugal are on the brink as are many southern European nations.
Enter S&P and their magic 'downgrade' wand. This wand has been used to put the U.S. notice, basically ruined the Greek economy, what there was left of it, and is now aimed at the EU. For those who follow the Huffington Post, this headline should be familiar:
NOWHERE TO RUN