The cause of the problems (in every location) is a lack of sufficient regulation. But because of the size of the US economy, when the lack of sufficient regulation causes things to go bad, much of the rest of the world is impacted. And when that happens, the deficiencies in the systems in the other countries then come to the surface. But its because of the size of the US economy that whatever happens here ends up happening to some degree or another in most other places.

I asked JtS if Canada, even despite its intelligent banking regulations, would be negatively impacted by what's happening in the US, and he said that it would because the US is such a big trading partner with Canada. As they say, when the United States sneezes, Canada gets a cold.

I've seen many people at high levels scapgoating poor people here in the US. They're all Republicans trying to run away from their own voting records, though.