The main problem is since the dominant Anglo-American financial model, which the bulk of the world is encumbered with, decided to become a cut-rate, fraud, chop shop over the last thirty years, thanks to irresponsible deregulation, it has left nations around the world trapped in the international Ponzi with no fallback position.
First it was Iceland. The regional banks of South Korea nearly collapsed after the fall of Lehman (I'm sure some of the Fed's backdoor money found its way there). Now we are speaking of Greece ... maybe Portugal, Spain ... Ireland ... Italy ... one by one the dominoes fall. My instinct tells me that the excrement will hit the spinning blades when the problem jumps the Euro Zone and re-emerges in Asia or South America. Then it will be Japan, England, and other nations perceived "healthy" currently ... and right back to the United States again.
Outside of nations like Somalia, North Korea, Cuba, and Myanmar ... name me a country that is free of this "Greek Contagion"?
Read the Article at HuffingtonPost
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