Saturday, September 27, 2008

Something To Look Forward To

Its becoming pretty clear that, as the American banking sector prepares for the unlikely event of a water landing and the dollar becomes mostly dead, financial officials in other countries are pretty well convinced that the US is not long from ceasing to be a major player at all in international economics, let alone a superpower.

The big sacrifice from a political standpoint may end up being influence. Countries on the Euro and major players like China have isolated themselves fairly effectively from the plummet of our system and the nosedive of the dollar by minding their own business, in every sense of the term.

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