I'm curious how this events in Europe will eventually shift the focus to the Anglo-Saxon country's.
After Greece, Ireland, Portugal and Italy what's up next?
In my opinion we just can't walk down the line with Spain, Belgium, France....etc. etc. There comes a turning point in this story.
All country's around the world face debt problems. The only difference here is how are country's going to solve those problems.
As the ECB often stated they are not going to be the lender of last resort. And in fact we can see country's in Europe trying to get their budget in shape (more or less
) with this pressure of the ECB. Governments swifts all over the place....
Contrary to this is the exorbitant will of spending us out of this crisis like the Anglo-Saxon country's are doing right now. This will create only more debts......
I'm not saying the country's in Europe are reducing their debts, but trying to get their budget balanced.
How we're going to deal with this huge debts are problems for later......because I think, when you get your budget balanced, then the focus will be on others.
This focus will introduce the final stage of this system, because it isn't possible for the USA to keep on spending like this. As the world has already reduced the buying of American debt.......the FED never will. Stopping will be the breakdown right away.
Going on will create hyperinflation, as the hidden inflation for over decades will come out.....as confidence evaporates.