The drunken stupor in which many Americans find themselves over the prospect of a Black president, will soon call for an immediate sobering up. On the horizon lies some of this country’s greatest challenges and could well be the beginning of the end of a great nation. Obama is a lightweight who is being served up as the ‘hope’ candidate, bringing ‘change we can believe in”.
Don’t be surprised if that change is indeed, the heralding in of declining American living standards and an international community relishing the thought of a rookie as US president.
The Decline of the American Empire
Nouriel Roubini
Recent economic, financial and geopolitical events suggest that the decline of the American Empire has started. After the collapse of the Soviet Union there was a brief period where
the world switched from a bipolar balance of two superpowers to a unipolar world with one economic, financial, geostrategic superpower, or better, hyperpower, i.e the United States. But by now three factors suggest that the US has squandered its unipolar moment and that the decline of the American Empire – as the US was in effect a global empire – has started. For more, click here
