In an interesting development in the battle to see which country is bright enough to exit the euro first, a book urging a return to the Escudo (the prior Portuguese currency) became an instant a bestseller in Portugal.
The eurozone was supposed to equalize trade and interest rates. The Maastricht Treaty supposedly ensures the free movement of goods, capital, people and services. Tensions were supposed to drop. Instead, the eurozone has been a complete failure.
While news in America continues to be dominated by the usual election-cycle fare of gimmicky talking points, gratuitous finger-pointing and constant bickering over which presidential candidate is best qualified to steer the country into the iceberg, some other countries around the world, such as Great Britain, are thinking ahead to identify possible lifeboats and passing freighters.
The Olympic games, ancient Greece's gift to the contemporary sports world, ended with a closing ceremony featuring British pop stars, aging rock icons and classical musicians. The show's promoters described it as a "mash-up" of British music.
We are witnessing a seismic shift in global affairs. The shake-up is a perfect storm of political, demographic and technological change that will soon make the world as we have known it for the last 30 years almost unrecognizable.
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