A long time ago the anti-Federal Reserve people warned anyone who would listen that the big bailouts (ha, they thought the $1.5 billion Chrysler Bailout in 1980 was bad) would just continue to grow in size and scope until the ultimate bailout to end all bailouts. A single global currency. I thought they were kooks. That was 30 years ago. And other than the part about dumping the dollar and adopting a global currency things have played out just about how the script said they would.

But I wonder how long till our elected officials start floating the idea of a global currency and CNN does opinion polls to show the popularity for the global nanny state.