I suggest that the most powerful weapon of mass destruction is DEBT.
During the "cold war", we had MAD (Mutual Assured Destruction). Now, we dont have the American-Soviet threat anymore, but we still have MAD: Mutual Assured DEBT.
Global debt. Personal debt. International debt. Corporate debt. Government debt. Insolvency. Deficits. Global inter-related and inter-dependent debt.
National power is measured by which country has the most debt, and the strongest military. If any one country goes bankrupt, it brings down everybody else: MUTUAL ASSURED DEBT (MAD).
Am I right? Or wrong?
2007-03-22
07:34:53
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