America’s Economic Fall from Grace

The Bigger You are, the Harder you Fall
By Bill Glynn

We always hear that we are turning over this broken economy to our children someday (it's more like BROKE). Even as we attended the G-20 summit, it was apparent all signals point to bludgeoning behind the scenes and a world where America has reached the peak and is going down the other side of the hill. And with that, we are piling up trillions of dollars of new debt and minting currency like there is no tomorrow - and frankly, there is no tomorrow for us. Our leaders appear to believe that spending our way out of the crisis is the way we will recover. Actually, we are borrowing our way out of the crisis and printing what will be 'funny money' to the world. As I have said and even now, the President agrees the world has lost - is losing and will lose - faith in our economy and that is certain death for America. America's economic dominance around the world is over. Barack Obama let this message fly from his lips in London and it is spot on that America will be moving aside in the 21st century and will be one of several economic powers on earth. [more...]