The importance of being Earning

In a lightly reported story the first rumble of the dangers of the economic situation rolled through yesterday in Bangladesh some border patrol guards mutinied and took over their compound because of shrinking pay and reported possible bouncing checks. Maybe the government thought that the border patrol would be somehow a good group to shortchange- but cheating people with weapons is usually a bad idea. In any event the government then sent in tanks and promised amnesty so the siege ended but it sets a dangerous precedent. This is the first case of armed insurrection against a government- a government that is clearly in some form of economic distress during this economic downturn. We can hope this situation doesn't deteriorate where their credit doesn't dry up. (This is why Hilary was sweet talking China- they buy our debt) should it dry up in Bangladesh there will be rabid hyper inflation as the government prints money to try and pay its bills. Civil unrest will follow and the sparks of war might fly again. At that point the stakes get a little higher. Lets hope it doesn't reach that point.