The horizon defined by the daily news is tinged with apocalyptic colors. As China notes, the US – and a large number of European countries – remain addicted to debt, and show few signs of getting the addiction under control. At the same time, China is addicted to selling the US and other countries a lot of junk we could do without; if we learned to do without that junk, the world - but not China - might be better off. That said, the creditworthiness of many Western countries, not only Greece but Spain, Italy, and France, and last but not least, the United States, is now suspect, and rightly so.
On top of that, the geopolitics of the West continue to elicit a ferocious pushback: a NATO helicopter in Afghanistan was knocked out of the sky by the "students [of Islam]" movement, leaving dozens dead. The rule enunciated long ago, “all who draw the sword will die by the sword” (Matthew 26:52), remains as true as ever. Is everything about to unravel?