I once wrote about the unequal society. Now the lower class seems to have reached a breaking point of patience (I don't have the intention of discrimination by saying “lower class”; I just mean average people who do not earn an incredibly tremendous amount of money). On Wall Street in New York City, a large number of US citizens, mainly young people, have been performing a mass demonstration since a couple of weeks ago, blaming banks for causing the financial crisis. They are also calling for saving people from poverty. The US government and police are desperately seeking a way to calm down the demonstration. Of the thousands of participants, more than 700 have been arrested. Social media companies like Yahoo, Google and Twitter began inspecting online documents in order to filter out instigative posts and emails. However, this action is about to spread worldwide, as well as across the US. In addition to the subsequent protests that have been taking place in other major US cities including Boston, Chicago and Los Angeles, the leaders are appealing via the Internet to those living in internationally famous metropolises such as London and Tokyo to join an ensuing rally to “occupy” the hearts of their own cities as part of the Occupy Wall Street movement.
Meanwhile, Europe is also suffering from a serious debt crisis. Germany, which runs a rather sound finance among the EU member countries, decided to provide a relief fund for Greece in case Italy and Spain may tumble into a chain reaction bankruptcy and subsequently plunge the whole world into the abyss, let alone Germany's foreign loans may turn to nothing due to Greece's default. However, this is just a temporary deal. Earlier today, the Belgian and French governments announced that the major Belgian bank Dexia fell into a bankruptcy and would be taken over by an official organization. Greece is still amid a long line of debt deadlines. This emergency was triggered by the discovery of Greek's financial cheats of when it aimed to join the EU. As a consultant, the American bank Goldman Sachs gave the Greek government the sneaky tactic. I think Goldman should be punished and pay the losses with interests.
Apparently capitalism is facing a turning point. I hope everything will start to turn to a right direction.
Meanwhile, Europe is also suffering from a serious debt crisis. Germany, which runs a rather sound finance among the EU member countries, decided to provide a relief fund for Greece in case Italy and Spain may tumble into a chain reaction bankruptcy and subsequently plunge the whole world into the abyss, let alone Germany's foreign loans may turn to nothing due to Greece's default. However, this is just a temporary deal. Earlier today, the Belgian and French governments announced that the major Belgian bank Dexia fell into a bankruptcy and would be taken over by an official organization. Greece is still amid a long line of debt deadlines. This emergency was triggered by the discovery of Greek's financial cheats of when it aimed to join the EU. As a consultant, the American bank Goldman Sachs gave the Greek government the sneaky tactic. I think Goldman should be punished and pay the losses with interests.
Apparently capitalism is facing a turning point. I hope everything will start to turn to a right direction.
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