This certainly has a lot of parallels financially to the situation Europe was in after the first and second World Wars.
Begs the question....does Europe need a new Marshall Plan? Probably not, I guess. It's easier to go from total destruction to trying to undo what already has been done in many areas of the European economic zones.
The Marshall plan gave huge grants to many European countries to help them rebuild their bombed out bridges and factories. The recipients used the money to buy goods and services from the US and Canada and pay their workers to construct and repair. Everyone involved benefitted.
Nowadays, the situation is much different: the problems are financial not infrastructure, the US does not have the money to give, and the US no longer has the industrial base to provide massive goods and services as it did in the 40's and 50's.
I think the long dance is over, and it's time to pay the piper. This will result in the very likely scenario that I'm trying to prepare for: hyperinflation.
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