October 7th, 2009

PK Icon

Link Harvest:: Tough Month for Americn Preeminence

This post by Chris Bowers chronicles what I've been tracking since 2004 and the re-election of George Bush, our overall decline in preeminence.

That's not moral. That's economic and -- I anticipate -- militarily over time.

Once crude oil is no longer denominated solely in dollars, we are in danger of seeing our currency cast drift and the specter of not merely inflation, but hyper-inflation, becomes possible. Which is probably what is saving us at the moment. Too many countries have problems if our currency is suddenly worthless.