The slow fuse will keep burning through July

Although it is impossible to predict exactly how the smoke will twirl off the end of a cigarette, you can predict with certainty that eventually the smoke will be evenly distributed throughout the room. In the same way, while it is impossible to predict the individual twists and turns of the collapse of the Federal Reserve Board and the Western financial system, the end game is not in doubt. In this case, a look at the macro numbers, such things as balance of payments, external debt, tax revenue etc. show clearly that the fall of small dominoes like Greece will lead inevitably to the big Kahuna: the United States.

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