Michael Hudson has published the article The Euro Without German Industry.

But unless other countries work together to create an alternative to the IMF, World Bank, International Court, World Trade Organization and the numerous UN agencies now biased toward the U.S/NATO by U.S. diplomats and their proxies, the coming decades will see the U.S. economic strategy of financial and military dominance unfold along the lines that Washington has planned. The question is whether these countries can develop an alternative new economic order to protect themselves from a fate like that which Europe this year has imposed upon itself for the next decade.

This is what Michael Hudson has been predicting for years. At some point his predictions will come true, or we will see what he has been missing for the last 50 years. I am not ready to bet against him yet.