Globalisation used to be the in thing
We plugged ourselves into the global system in every field. It was a good thing and we have had phenomenal growth by holding on to the coat tails of the American economy and system. And many countries too jumped in and everyone got hooked up into the same system. When the system is sound and doing well, everyone shares the prosperity. When the system is sick, everyone will be infected.
The unfortunate part today is that the global system is so sick, operated by crooks in all colours. And no matter how well run a country is, it needs a badly run country like the US or one in Europe to drag everyone else along. And this gets worst when many of the so called well run and well off countries are troubles themselves. Every crisis is an opportunity to patch up holes, and to create bigger holes.
And the rot does not stop here. The Americans and Europeans have plundered the system, corrupted the system and cheated the system for so long that it is no longer able to continue with just printing money for the crooks. They just cannot print fast enough.
And the safety of being too big to fall becomes the biggest problem as all the too big to fall is falling. Every too big to fall has an empty or rotten core. This looks like the world is set to have a free fall and there is no where to run.
All those stuck with big mortgages and multi million dollar properties are like those too big to fall. But when they fall, it can be quite disastrous. The big foreign banks are retrenching, downsizing. And the people let off are big earners with big mortgages. It is coming. It is contagious.