Can you eat the dollar?

We live in interesting times. It would appear that the austerity measures put in place by European countries is not going down well with the people. "Why should we have to pay for the bank's stupidity?" is a cry heard often, and needs to be answered really. The people are also to blame for being sucked into the scam of the banks to make more money, but ultimately it is the banks greed to lending irresponsibly and they need to step up and put thing right. The current economic policies will fail - yep, you heard it hear first folks! The policies are flawed, why, because it is still based on the old system of constant growth. You HAVE to make MORE and MORE money to SURVIVE! Imagine, a company employing 1000's, with a turnover of $millions and it profits are $millions but year on year the increase in profits remain in line with inflation, and therefore would be classified by the market as stagnating, its share price would fall and the company could even go bust because of what it is SEEN to be doing rather than what it IS doing. Amazing! How can you have constant growth in a finite world? What happens when the world is full? And now there is talk of Greece leaving the Eurozone. We will know in late June after the new elections. Can Europe survive if Greece leave? I really don't know, but I am sure that either way its not looking good for Europe. Spain isn't in a good situation either and its economy is bigger than that of Greece. When I was a child my parents taught me that if I wanted something then I had to save up for it, to make sure I could afford it. Now I know my parents had a mortgage on their house (our home) but they could manage it even with rising interest rates of the time (late '60 early '70). Some weeks it was a little tight but we never went without because the finances were managed well. It seems bazaar that banks, who you would think would lead by example, would also manage their finances well, but I think its because of the "its a big company" syndrome made the managers complacent, irresponsible, and dare I say it - greedy. This attitude and 'need' for greater wealth, for themselves and their shareholders, not for the business and it customers that lead to this sorry state. Some of the most successful companies were successful because it focused on the customer, not the shareholder. A company is nothing without its workers and its customers.

So what's gong to happen? I hear you ask. Its a good question and well presented. No-one really knows except God of course, but I think there will be another financial bust because there has not been a correction in the financial thinking from the last bust, and this one will be bigger than all of them put together. Oh doom and gloom! One thing that will come out of all of this and that is a realisation that you can not eat the dollar!