Exactly ...... I read somewhere that if Germany would collapse, so would the US banking system ..... The European economic community & and the US is so closely tied that sometimes it is hard to know who the true ownership is.... I have always said that Corporations such as BP, IBM, Microsoft, etc, etc, are their own "countries" anyway. They play by their own rules.limerickman said:The reality, as I have stated before, is that the entire planets economic systems are now integrated.
This is the by-product of globalisation.
If the EU or China or the USA was to implode economically, it would cause ructions throughout.
The British ownership of land in the US is rarely discussed. They are a large landowner. Back in the 80's when the talk of Japan taking over the US was going on , it was explained to me that the Japanese strenght was false. They simply had no real ownership in nothing here.... The corporations they owned were a false economy because of the lack of land ownership.
When we look at the world's economic chain, we need to consider it as a whole.
The communist system in China will be a hinderance eventually. In order to survive capitolism needs a free market.