CDR Salamander: National Suicide

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A sobering... and quite accurate assessment.

Monday, April 25, 2011

A national suicide

I am more of a "don't bet against America" person than a "We Are Doomed" person, but I know my thoughts are based on past performance and not necessarily future returns.

Drudge has "IMF: AGE OF AMERICA NEARS END" blazing from the title-bar this AM, but the "end" is something that can come in many flavors; relative and real.

The relative decline has to do with the fact that the rest of the world continues to recover from war, Communism, and hard Socialism. Their economies grow and as a percentage of the world GDP, ours shrinks as a percentage. That isn't all that bad.

China's population is over 4-times ours - so it only makes sense that as they abandon Communism they will return to their historical place in the world's GDP and Asian power structure.

The relative is beyond our control and on balance is a positive. The real decline is another thing.

Economically, the USA has lost its way through sloth, laziness, and a political system that had both sides lying to its public not unlike other Western European welfare states that we tried so hard to copy. From Britain to Greece, they are just 5-10 years ahead of our coming economic train wreck. If we were smart, we would see and modify our behavior in time. 2010 election was a start, but I don't know if we will have the follow-through to fix it when the pain is small vice later when the pain will be almost unbearable.

More:

Read it... and weep. I know I am.

Ask yourself: what is our gtovernment... left or right.... doing about it?

Damned little, except burying us in debt.
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