Italy is the fourth-largest economy in Europe and the eighth-largest economy in the world, and its banking system is collapsing. And Germany is desperate. It must maintain its standard of living. It can only do that with exports and Deutsche Bank is very exposed to Italian debt. But so is the rest of Europe.
George FriedmanThe kind of president we need has little to do with ideology and more to do with a willingness to wield power to moral ends.
George FriedmanWhen you're young and going to war, it's a genuinely exciting moment. You are going to risk yourself. On the battlefield, you are suddenly free. You realize: I'm here, I'm in it. Exaltation. Suddenly you're hit by another extraordinary feeling: my God, I can be killed. And: will I embarrass myself? It's like you're in a kaleidoscope and all of these extraordinary feelings are zipping by.
George FriedmanThere is no difference in a country between military, economic, and political affairs. It's useful for Business Insider to divide things that way. That's useful for a college program. But a country is a country. How do you understand China's economy without China's army? If you take these all into account you're ready to explain a question like, "How come the US doesn't have a debt problem?"
George Friedman