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IPFS News Link • Economy - International

James Howard Kunstler: Euroland, the Horror Movie

As all this plays out, of course, the USA will be struggling with very similar problems of capital and economy, and as our states fall into bankruptcy one can easily imagine all kinds of political mischief here that would parallel the unravelings of Europe. Our financial arrangements are intermingled anyway, so the collapse of a major bank, or of a country, over there is going to blow more holes through our foundering institutions as well. Things are changing fast. We're all werewolves now.