While politicians have used the disfavor of the financial institutions around the world to focus on regulating the industry, which is of course another way of saying they are trying to make it look like they're doing something, the real issue, according to investor and commodity expert Jim Rogers is the sovereign debt risk we all face.
The reasons politicians don't want our focus too much on this is it starts to hit too close to home that the central banks and government financial institutions are behind the extraordinary risk we now face of debt default of nations, which dwarf the banking industry.
What it would unveil is the outrageous practices of the government and socialist around the world who continue to cater to the entitlement fantasies people have been taught to expect the governments to provide them with.
Workers in Greece are basically protesting because other countries in the European Union are pressuring their government to quit doing that very thing, as it results in the people of other nations having to bail them out for all the unbelievable perks they're given as to what they think life owes them.
As many entrepreneurs and believers in free markets know, the redistribution of wealth eventually runs into a brick wall, and that brick wall is there is no more money to legally steal from the productive. Essentially, that's what's happening in Greece through pension and health plans, along with wages beyond what the market can support.
Those people who attempt to make it look like a bailout of Greece is a standalone event are either delusional or outright liars. Who in their right mind doesn't know once Greece is bailed out that Portugal, Italy and Spain will be right behind them, and possibly Ireland.
The soft underbelly of the redistributionist, socialist, progressive dragon has been revealed, and it's vulnerable and it's ugly.
As Jim Rogers points out, why are we focusing on banks rather than the practices of governments. The risk we face is with entire governments collapsing. A bank is almost nothing in comparison with that. How many banks after all are larger than Greece? And they're just a small fish in the pond. Wait till the other beggar nations come knocking on the European Union door. Then the clueless will begin to understand what it is we face, if they're willing to tear the mask off of it and call it like it is; especially the mainstream media, whose coverage is so slanted and clueless it can't be trusted in that regard.
Rogers also continues to point out the days of the power of the huge financial institutions are over anyway, and as far as investing goes, we need to focus on those who produce real things, like raw materials and agricultural. That's where the economic power and investment opportunities are shifting, and as he always notes, those who make the money in the future will be the farmers.
Or I would add, those who invest in commodities and real stuff will be those who make the money.