It’s sobering how almost all people, worldwide, don’t have any understanding at all about currency defacements globally, in terms of some nations which a currency failure will severely affect so many others. For example, Japan, which is the third largest economy, is close to the potential of a currency failure. Their central bank is “buying” their national debt. Greece is in jeopardy as they have been for some time. But France is the one that might bring the Euro to a crisis.
Other nations, including Italy, Russia and Argentina, are weak and there are others, not to mention banks that will be affected by these overblown governments with deficits that hungrily devour more and more national debt. Debt and unsound entitlements are pressing down on America and elsewhere, diminishing growth and hurting everyone at all income levels. Low taxes and regulations without inefficient and bloated governments can very surely allow prosperity to blossom. It’s not a matter of envy, class warfare dividing the American people, or the population globally. Growth is the engine of prosperity.