Italy spills over to everything. Italy is a huge banking system. It has been the major banking system in Eastern Europe. It's worked with Austria's banking system. There's all sorts of interplays there. So it's not the PIIGS one should worry about. Germany hasn't even begun falling yet. And when Germany falls, and it will, that's when the panic begins to set in.
George FriedmanThe warrior must continue to make decisions in the face of extreme circumstances. He cannot afford to get angry or frightened.
George FriedmanIf you go through the list of things that are not possible you're left with a very finite amount of possibilities. The fancy name for this is constraint theory. It's a nonquantitative model, but it's a field of mathematics.
George FriedmanSuccess looks like you sitting here pretty confident that an armed brigade isn't going to come pouring in here and blow your head off. Which I don't think is your major concern. Therefore, the United States' foreign policy is successful.
George Friedman