Greece’s
gross debts add up to around $320 billion in nominal value, according
to the International Monetary Fund. That’s big compared to the
Greek economy, but tiny compared to the world outside. It’s less
than 3% of the entire eurozone economy, which is about $13.5
trillion. So even if Greece refused to pay one more nickel of its
debts — an outcome no one is suggesting — the eurozone could make
up the difference with about eight days’ output ... or an
hour’s money-printing by the ECB.
The wounded US imperialist beast becomes more dangerous than ever as desperately seeks to start a WWIII
globinfo freexchange It seems that the declining Western superpower is losing ground and tries hardly to avoid the inevitable. The US imperialist beast, despite all the destruction that causes, is failing to fulfill its utter objectives. Which in short, are the dissolution of Russia and China, looting their vast resources, as well as the full expansion of the destructive neoliberal model throughout these areas and other countries allied with the Sino-Russian bloc. Most importantly, the wounded beast is loosing much of its strength due to the rapid de-dollarization that has started approximately ten years ago, as dollar had become the front line of the US imperialist sweeping force since the early 70s. As if nothing has changed, the beast insists on using the same tools to prevail in the global geopolitical field, ignoring the unprecedented changes and complexities under current circumstances. In a move (as it seems) of desperation, the United States House of Representative
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