European Bailout of Greece

I don't know how many of you pay attention to world news but I do.  My extended family doesn't (didn't keep track while I was deployed to a war zone for 5 years but that is another story).  If you were listening to the news on Monday night you might of heard about the European Bailout of Greece.  This is the second bailout by the European finance community.  They are doing this to try to stabilize the Euro.  According to some experts in this country that is a bad thing.  They felt that the first bailout should of fixed the problem.  Does throwing more money at something fix it?  I guess we know the answer is no.  $170 billion is a lot to try to fix a problem but when you think about that figure remember that this is the second really huge amount that has been given.  I was in Germany in the late 80's and returned in the early 90's and also in 2003.  While I was there the first time it was the Deutchemark as the local currency.  The second time there is when they changed to the Euro.  Now it is the major currency for that continent.  If you have ever listened to any signs of the end of times one of those warning signs is a one world currency.  Are we headed that way?  Is there really any currency right now that is stronger then any other?  Are any of these currency actually backed by any hard material.  We were taken off of the gold standard in the late 40's and all we do now is print money that is really not backed by anything then the word of the federal reserve.  Our dollar has depreciated so much in just the last 10 years that the buying power is shameful.  Image if you will that you were lucky or blessed and won one of the current lotteries.  Would you take the lump sum or the yearly payments?  A lot of people I think would take the yearly payments.  The only drawback to that from my viewpoint is the increasing decline of the buying power of our dollar.  By taking payments you receive the same amount every year but you will actually be able to buy less and less if the standard continues in the same fashion that it is now.  I really believe that the way to fix an economic problem is to give to the lowest denominator and let the money move its way back up the system.  Why reward the people who made the bad decisions and investments by wiping the board clean and letting them do it all over again.  Where is the accountability?  If that was you or me we would already be out on the street or sleeping in our car.  We sure wouldn't be living in mansions and having a golden umbrella retirement plan.