Tuesday, October 4, 2011
Fall From Olympus
How could a relatively minor nation with a small economy bring down the entire economy of the world? The elites have long sought a "global economy" and that creation actually started coming to the fore in the Americas with the George Herbert Walker Bush (Papa Bush implementing a "free trade alliance" to compete with the unifying Europe back in the 1980s where too few listened to H. Ross Perot and his giant sucking sound of America's still fading jobs disappearing) with the inception of the North American Free Trade Agreement coming into force to compete with the growing European-bloc being fully joined with a common currency, no tariffs or impediments to trade between European nations, and a shared trade policy amongst the Euro members. These large free-trade areas were meant to foster a growing shared prosperity with interdependence- one world where barriers were removed and prosperity would inevitably take hold. In the event, instead of all European economies rising to the efficiency of Germany, they slid to the insipid socialism of Greece. Instead of NAFTA lifting the Americas to the (formerly) thriving conditions of the United States, the US is dragged down while Mexico becomes a failed ultra-violent narco-state. The Greek tragedy is that the world succeeded in unifying economies to such an extent that a butterfly effect occurs when a tiny country having to borrow more and more from trade-bloc partners, the World Bank, and the International Monetary Fund to simply service ever-expanding debt, that logic dictates as only a minor player in finance, should not hold our destiny in its hands but in spite of being of apparently little consequence, is now bringing down the rest of us.
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