Global Financial Risk: A Unified Crisis

The financial system is deeply interconnected and fundamentally flawed, serving as a global Ponzi scheme where risks intertwine across nations. Changes in one economy, such as Japan's policies, can severely disrupt others, including the U.S., illustrating that financial issues are not confined to localized markets. This interconnectedness means that individuals must understand global financial nuances rather than relying solely on domestic political solutions or policymakers, as ignorance can lead to dire consequences. The prevailing approach institutionalizes risk, suggesting that when one area falters, the entire system may collapse, while attempts to print money may only offer temporary respite.