Tuesday, May 11, 2010

Dominoes

I've watched with some interest the goings on in Europe, particularly the spectacular meltdown occurring in Greece.  As much fun as Greece's chaotic reaping of the whirlwind they've sown has been to watch, you don't want to make the mistake of Big Media (the BM for short) in ignoring the other nations of the EU and their own slide toward oblivion.

Greece may simply be the first domino to fall.

Next up?  By all appearances, it would have to be Portugal, followed by Spain.  Or is that Spain, followed by Portugal?  Or will Great Britain jump the line and crash before Portugal and Spain?

I could go into all of the reasons why a single European currency pretty much guaranteed the domino scenario.  But I would just be parroting the words of others much wiser than I in matters of economics.  Stick to what you're comfortable writing about, that's what I say.

So where does it end? 

If, in fact, we're in full-blown dominoes mode, how many are going to tumble before it's all said and done?  Are we talking a handful?  Half-dozen?  A dozen?  The entire European Union?  And, if Europe tumbles, are we next?

The next few months will certainly be interesting; that is, if you consider economic anarchy "interesting".

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