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.