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The US financial elite, along with that of the UK, is following its own dynamic, which is not likely to allow it to take the niceties of geopolitics into account unless it allows them to continue to earn 15%+ returns. The fact that they dominate the governments in their respective countries greatly increases the chance of social catastrophe. Until or unless these elites are sufficiently housebroken to work within a framework with needs other than their own this will remain the case.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Jul 21st, 2010 at 01:42:46 AM EST
[ Parent ]
What if the world's financial elite decides to move itself to Singapore?

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Wed Jul 21st, 2010 at 02:36:28 AM EST
[ Parent ]
Then the rest of the world embargoes Singapore until they die.

And everybody else lives happily ever after.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Jul 21st, 2010 at 04:21:41 AM EST
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