The economic news is simply boring. The US debt is just a symptom of wild lending and fraud, and technically the UK is not affected but is hardly going to lead the world much longer in their current position. The Euro crisis is about to be settled with a debt pool, so says the smart spokesman, as then no one country will be affected and in true communist style all the rich countries will have their debts increased to even the problem despite not being responsible for them personally. It's a bit like if your sewer floods, and rather than it overflow your house you make holes to the houses next door and have a lower level of sewage through them all. That's communism, everyone sinks to the lowest level, and although Britain won't be hooked as we're not Euro users the others will be economically unified to do so. No national tax or much else when that happens, basically a single state. If they hadn't had the Euro debt zones they would never have had the chance to unify the whole zone, so you could say that if they wanted a unified state all along then creating a currency that would fail and need unification to hold it together, then that has now been achieved. It can all be set up in advance more or less as reckless lending will always lead to a crash and if the solution was in place before the crash then the cart was put before the horse, many many years before in this case.
There is a big picture in politics and economics, and once you see it then it all makes sense. Wars make arms traders rich. Opec zone wars make Opec rich as it shoots the price of oil up, they already have reserves and it's like saying your savings have suddenly tripled in value for doing nothing. Create a small war every now and then and you can keep the oil producers happy and get your donations in for the next election from the big arms dealers. It all fits together like a jigsaw made from faeces. Each piece of dirt fits nicely with the next one and basically the whole scene is one of filth and corruption, as threats and bribes have always oiled the wheels of politics better than votes and helping people ever can.
So basically the world governments operate like an international mafia. They will let the ordinary people have a reasonably good life otherwise they may turn against them, so they turn the screw but only enough to keep the cash flowing and not enough for a full revolution to occur. You won't get the town to keep silent when they witness a murder if you don't give them some kind of freedom. So it's a balance of oppression and limited liberties, just enough so people feel free and don't realise they could be a lot freer. Those hippies in the 60s were a rare diversion from the tracks, and actually many of their communes were left in peace and seemed it was easier to leave them alone than stir things up and only shot at them when they demonstrated about unpopular issues like Vietnam. But if they kept quiet and out of the way smoking a little weed didn't usually cause too many ructions.
But that was a short diversion into an oasis among the rest of the storm. Like the bible says (they did invent a lot of wisdom that works without the slightest need for god) you can't lie openly, you have to hide it in truth, and you can't mistreat people openly (except in half the world as the people are so poor that they haven't the resources to revolt) but in the west they pretend to be nice and only suck your blood at night when you're asleep and don't notice, like a mosquito. You hardly ever know when you're being bitten but you sure know afterwards. They offer the moon before an election, they get in and miraculously continue 80% of the policies of the precious government they'd spent four years running down. In fact for decades now the policies have hardly changed whoever has got in, the differences are now the exception and whatever they say in opposition virtually the same crap happens in power. Tuition fees, fortnightly bin collections, the congestion charge, the Climate Change Act, petrol taxes, all things the opposition criticised and now they're in charge have all been kept, although the congestion area has been reduced none of the others have happened at all. They scrapped one policy immediately, medical waiting times were deregulated so we can wait two weeks to see the doctor and a year for a consultant again after that had actually been fixed.
It doesn't often get better nowadays, does it?