The fall of the American Empire - Part II
-->Politics, The Economy November 21st, 2008
Sad but true. America won’t be the super power forever and it might not take too long for us to witness the fall of the American Empire.
According to Reuters:
WASHINGTON, Nov 20 (Reuters) - U.S. economic and political clout will decline over the next two decades and the world will be more dangerous, with food and water scarce and advanced weapons plentiful, U.S. spy agencies projected on Thursday.
The National Intelligence Council analysis “Global Trends 2025″ also said the current financial crisis on Wall Street is just the first phase of a global economic reordering.
The U.S. dollar’s role as the world’s major currency would weaken to become a “first among equals,” the report said.
China and India, following a “state capitalism” economic model, were likely to join the United States atop a multipolar world and compete for influence, the report said.
Russia’s potential was less certain, depending on its energy wealth and internal investment. But Iran, Turkey and Indonesia were also seen gaining power.
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