April 15, 2011

The Writing On The (Great) Wall

By John Droz, Jr.
It should be no surprise that there are other large countries who don't like the fact that the U.S. is the world's dominant power -- and they would like to take over our position.Since we are aware of this friction, we tend to think that our biggest threat is from some other country's military.  But clearly a direct war would be foolhardy, as there would be no winner from such a conflict.Our opponents are well aware of this, and have embarked on another scheme.  The reality is that we are already under a full assault, but very few are paying attention.  Think about it: what would be their best strategy to dethrone us?A very powerful game plan would consist of a two-part strategy: 1) bankrupting the US; and 2) getting the US to voluntarily slow down its rate of industrialization, giving an opponent the time to overtake us. Is the (CFL) light bulb going on?By any financial measure we are in extremely dire circumstances.  Unfunded liabilities are in the trillions of...(Read Full Article)