Japan's banks were meant to go bust after the Nikkei plunged from 40,000 nearly 30 years ago, never to return [so far]. China seems very unlikely to go bust. <<i think i saw that headline in
1982, 83, 84, 85, 86, ... 90, 91, 92, ... 2000, 01, 02, 03 ... 2010, 2011, 2012, ... >>
My guess on the next place for the Zimbabwe effect of $100 billion notes is Brazil. Venezuela has gone. Their glory days were very short. They barely got going. There was something about salt oil in Brazil that was supposed to make them rich, along with being a BRIC. But Brazilans have done what Brazilians do.
Greece is lined up to meet a financial denouement which will lead to Grexit, and [if they are not stupid, but they will be] Tradable Citizenship, Virtuous Victorian Values and glory days. Once again leading the world. With citizens owning the state instead of the reverse, as applies in all countries at present.
Fukuyama was wrong about the end of history. The Tradable Citizenship era has not even started.
I would not yet write USA off. But they have certainly got things going the wrong way, big league.
Mqurice |
