Greece is dead. The message coming out of the Bilderberg meeting is unmistakable. Greece's troubles have not only exposed the structural flaws of the European Monetary Union, but have also exposed the structural problems in the global economy. Government officials around the world have responded to the debt problem by adding more debt. Unfortunately, piling debt on debt cannot solve the problem. This is what a Ponzi scheme, Las Vegas-like secret casino looks like. To keep the pyramid-like structure from acute economic collapse, more and more money is doled out by those wishing to keep the speculation going. The crisis response has only exacerbated a dynamic that created the crisis to begin with: Easy credit means debt. Historically, financial crises typically lead to sovereign debt crisis. And sovereign debt crisis typically led to currency crisis and extremely difficult economic times ahead. The sovereign debt crisis is still unfolding. Last year, Europe, trying desperation to solve the crisis of weak countries within the Euro zone, devalued the Euro and inflated away the debt in order to stop the downward spiraling. The problem is three fold. First of all, member states cannot devalue its currency to make its exports more competitive. Second of all, it cannot undertake an expansive monetary policy. Finally, it cannot mount an appropriately expansive fiscal policy because of the restrictions of the EU's growth and stability pact. Thus, as European member states do not ...