Recommended: Europe's Crisis - Beyond Finance

George Freidman, CEO of STRATFOR, has written a fascinating piece Europe's Crisis: Beyond Finance.  In it he argues that Europe's current financial crises are not just about banks and debts, but also about European elites against the general European public. He has a whole new perspective on what is going on, and it is well worth reading his piece.

And of course it makes one think of America, where in similar fashion the current ruling elites are trying to muddle through the current crisis at minimal cost to themselves, thereby maximizing the cost to everyone else.