Failure to save East Europe will lead to worldwide meltdown

With Americans from President B.O. on down focused on our own fiscal and economic woes, it’s easy tio forget about what might be transpiring in the rest of the world. Unfortunately, dire circumstances across the pond can impinge severely on what can happen here.

Like it or not, the United States has always been involved in global economics, even before the turn of the century – of 1800 no less – with Yankee traders actively involved in trade with China, Europe, the Mediterranean (remember the bit about the North African Barbary pirates?), and Africa. The more things change, the more they stay the same, and U.S. business is still up to its eyeballs in international trade.

As a result, severe problems overseas inevitably will have a kickback to us here, so the possible critical mass chain reaction setting up from Eastern Europe into the heart of the E.U. could do nothing at all beneficial for our own situation. Just what we need…something else to be worried about…not even that we are in a position to DO anything to help the situation.

So what’s it mean to South Dakota?  Anyone ever hear of ag exports?

The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point

If mishandled by the world policy establishment, this debacle is big enough to shatter the fragile banking systems of Western Europe and set off round two of our financial Götterdämmerung.

It’s worth noting that there is an alternate way to communicate the concept involved in Götterdämmerung – Armageddon.