Ok, now markets are falling, people are selling and S&P is downgrading.
So what happens if all becomes equal. In a world full of beggars who will be the king?
The one with the big stick of course!
So now we have two countries with big sticks. One just got downgraded and the other, his major money lender.
The days of mutual destruction via nukes or nuclear deterrent, is more or less over.
Today, its the world of mutual economic benefit or disaster.
No one county in this world can afford another to default.
Perhaps we have arrived at some kind of a yin and yang, night and day equilibrium economically.
Tuesday, August 09, 2011
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