The world economy is imploding faster than anyone suspects. Governments cannot get it through their thick skulls that they consume money – they do not create economic growth. The higher the tax burden, the less disposable income, and the lower economic growth be it individuals or corporations. The difference is capital can flee, labor cannot. That is changing with FATCA. They are hunting global capital but in the process they are wiping out international commerce. The NSA has contributed by now inspiring others to replace US technology because American companies have been compromised. All of this bodes very badly for the future post 2015.
