It is Happening

Again, it’s happening, kids.

The fact, that we just don’t like it, will not change anything.

The long predicted “Decline of The Superpower” seems to have started:

"The only tangible asset that can shore up the struggling greenback and, therefore, the American economy, is oil. The US would be signing its own economic death warrant if it leaves Iraq.

But America will leave Iraq; the battle is already being lost and the forces arrayed against the superpower are increasing by the day. The Bush administration has sown too much bad faith and, now, even long-time allies are backing away. Expect to see a slow decline in the next 5 years of American power; a wasting away that parallels the complete dissipation of America’s moral authority. The world will not be ruled by the jailors of Abu Ghraib or Guantanamo; and you can take that to the bank.”

And regarding the reality-haters (until) now ruling America, not intelligent enough to accept the power of Reality, it isn’t amazing, that “it” truly happens:

''That's not the way the world really works anymore,'' he continued. ''We're an empire now, and when we act, we create our own reality. And while you're studying that reality -- judiciously, as you will -- we'll act again, creating other new realities, which you can study too, and that's how things will sort out. We're history's actors . . . and you, all of you, will be left to just study what we do.''

A ruling class, too stupid to see, that nothing will ever beat Reality and that self-overestimation is the best way to fail. But how can pampered rich sons, never forced to pay for the own mistakes, learn Reality?

''Expect to see a slow decline in the next 5 years of American power''

How true – and it happens slowly, silently, not really worldshaking...

not the big bang the breakdown of a superpower should cause...

How Dangerous is the Dollar Drop?

”The perils of a currency crash are not nearly as great as they were in the days of the dollar's absolute dominance 30 or 40 years ago. Globalization has led to the development of a number of growth centers in the world economy which share the burden of turbulence

Gone are the days when an American finance minister could boast: "The dollar is our currency, but it's your problem." ”