by Patrick J. Buchanan – February 23, 1999
Now, it’s official. The United States is the last great economy firing on all eight cylinders in a global collapse. America is the last domino.
In 1997, Thailand, Indonesia and South Korea had to be bailed out with $115 billion in International Monetary Fund loans. Last year, Russia, beneficiary of a $22 billion bailout, devalued its currency and defaulted. In January, Brazil devalued.
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