Tue, 20 September 2016
I'm noticing a theme starting to immerge in the talking points of global leaders. It's subtle and if I wasn't so finely tuned into the global financial turmoil boiling under the surface of our rose colored economy.
From Obama to IMF Director Christine Lagarde there is a growing call for a more globalized world. Don't misunderstand; this term globalization is not a bad word. We all want to mak it easier to transfer, buy, sell or trade goods between nations. Trade is a very important part of our individual success, but that's not what our world leaders are talking about when they use the term globalization.
When Obama or Merkel use the term "globalization," they are talking about a closer political and financial union between nations. (Think the EU on a global scale. Doesn't that sound nice?) They want to create new governing bodies that centralize power on a global scale.
Why is this so important now? Well, think about the massive financial disaster brewing in our collective national stew. No nation is safe and what I think we're heading toward is a call for centralized financial and possibly political control to consolidate power when the next default happens.