JEFF CARTER ON THE GREXIT: “What it feels like to me is a pro draft. Portugal, Italy, and Spain are on the clock. To a certain extent, France is on the clock too but it just doesn’t have a lottery pick.”

Plus: “The EU and the euro don’t allow the full economic effects of their policies to work given the different government policies at work. The invisible hand is handcuffed. It’s not a free market system. It’s a bureaucratic centrally planned system that is doomed to fail. Germany has 6% unemployment. The PIGS all have unemployment that would be considered a Depression anywhere else. Yet they have the same price system and currency. The communists in those countries are watching closely. July 20, the Greeks owe the EU 3.5 billion euros. I don’t think there is a chance that they pay it. If the EU caves, look for the communists in other countries to make a move. The long term political fallout could be even worse than the financial fallout.”

Communism/socialism/fascism is an opportunistic infection of the body politic brought about by the failure of liberal democracy to manage things properly. Expect to see a lot of opportunism.