banking interdependence

wow. nothing is showing off the growing interdependence of the world better than the current financial crisis and the resulting, coordinated government interventions. will this be heralded as the first glimmer of a single, world government? never before have the major central banks operated in unison.

and i also wonder if this means warfare is now obsolete between major countries. all the markets are in joint free fall: hong kong yesterday had a 10% drop in value. russia lost 14% in two days and then suspended trading for the rest of the week. we’re all so clearly tied together now. would any country stomach having all their savings evaporate over a major war? can we just agree that war is not an option anymore?

this also demonstrates the true, modern self-defense of american soil. no one would dare attack the US for fear of losing all their retirement savings.

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