SOURCE: Russia Today (Tomorrow in this case) :-)

With people the world rising up and striking over economic concerns, Greece has threatened to investigate the role US investment banks
played in its debt crisis.

Economist Mike Norman believes the banks are indeed the root cause for the economic crisis and that the Greeks should be absolved of any
responsibility.



“We’ve seen a pattern of behavior on the part of investment banks, some of the big names like Goldman, who were actually very active in
repackaging Greek debt and actually hiding that debt, and then using
credit default swaps to bet against that," said Norman.





The problem in Europe, according to Norman, is directly connected to the euro.

"All the nations who have embraced the euro have
given up currency sovereignty, they no longer issues their own
currencies and they are under these very strict arbitrary fiscal
constraints. They can’t allow their deficits to go above a certain
amount and you know, running deficits is normal in times of economic
recession or even depression," said Norman.

As protests across the globe begin to evolve from financial complaints
into social unrest rooted in the divide between the urban elite and the
rural poor, Norman thinks the world should be prepared for revolution.

"We see trillions and trillions of dollars being raised to bailout
banks and speculators at the expense of working people who now have to
suffer wage cut backs, loss of income, loss of jobs, loss of services
and even higher taxes and it’s manifesting in these demonstrations and
protests in the streets. I for one am rooting for the Greek protestors,” Norman said.