Wednesday, March 24, 2010
The Decline of America and the Rise of China!
David Murrin, the co-founder of Emergent Asset Management hedge fund manager, told CNBC that the American Empire is in decline. In fact, he believes that all of the western, Christian empires (e.g the United Kingdom) are going to quickly decline. Murrin foresees the quick rise of China. He sees the red nation will expand and dramatically develop their military and economic power.
Personally, he seems like a neo-con who is right about the symptoms, but wrong about the cause. The problem isn't that America is showing weakness. The people is that America has overextended by sending more resources than it produces.
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Corrupt contractors are making off with money in Iraq and Afghanistan.
ReplyDeleteCorrupt lawyers sue at a drop of a hat.
People make off with money from medicare without providing any service and the corrupt government lackeys simply pay it.
Prescription drug came about when corrupt lawmakers were payed off by the drug companies and gave them a sweet deal in the process.
Corrupt banks are siphoning money from the Federal Reserve for virtually no interest and buying massive sums in treasuries as authorized by the TARP that our corrupt congress passed and the urge of our corrupt Fed and Treasury department.
Madoff makes off with a paltry 60 billion while idiots in the SEC turn a blind eye.
People want SS, Medicare, Medicaid, Free health care, Unemployment benefits, food stamps and every kind of hand out that they can get for doing nothing.
All of this is with the idea of getting something for doing nothing. China may rise, but the rise will only last until this blight hits them too.
I agree but China needs to worry that the US won't pay them back or will pay them back with toilet paper dollars that aren't worth the paper they are printed on.
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