12 June 2012   Leave a comment

Despite tough new laws against political protests, the Russian people came out to protest against the government of Vladimir Putin.  The people are still angry about what they regard as a stolen election, and the widespread belief that the government is corrupt.  As I have indicated before, I believe that the many protests that are going on in the world are all loosely connected by a general dissatisfaction with the connection between governments and the people.

The sense that the European economy is poised toward a major crisis is growing, and it is precisely that belief that accelerates the process of collapse.  The belief that Greece will be forced to leave the eurozone means that everyone who currently has Greek assets priced in euros wants to convert those assets into a currency that is beyond Greek control.  If Greece drops the euro and converts to the drachma, the actual value of the drachma will be about 70% less than the value of the current euro.  The desire to convert currency creates a process of capital flight, which simply makes the economy even weaker.  So governments try to prevent capital flight by not allowing conversion.  But as soon as those new controls are implemented, the desire of people to convert their assets becomes even more intense.  We are currently witnessing the deepening of panic in Europe.

A poll run by TrustLaw that asked almost 400 experts on gender equality about which countries have the highest degree of gender equality came up with this ranking:   1. Canada 2. Germany 3. Britain 4. Australia 5. France 6. United States 7. Japan 8. Italy 9. Argentina 10. South Korea 11. Brazil 12. Turkey 13. Russia 14. China 15. Mexico 16. South Africa 17. Indonesia 18. Saudi Arabia 19. India.  Obviously, the poll emphasized the questions of legal definitions of gender equality, but the results are quite interesting.

Posted June 13, 2012 by vferraro1971 in World Politics

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.