BRIC is coming! Brazil, Russia, India, and China have formed a bloc to "challenge" the US's superpower status.
No no, they aren't warming up the tanks and arming the missles. This is about economic and diplomatic clout. Lots of it is posturing and bluffing. But, they also have some points.
The US has used up much of its power to tell the world what to do in the last 8 years. Heck, the last 12 as I'm not going to let Clinton off the hook.
Our brilliant plan of spend spend spend spend spend all while borrowing from China (they don't LIKE us people, they like our MONEY!) is going to come back to bite us in the butt.
Americans don't seem to realize the rest of the world blames us for the current economic crisis. Was it all our fault? Oh heck no! European banks were up to their eyeballs in it. But, it did start with our housing bubble and low credit.
Just keep this in mind people: The US has been mortgaging its world power status to buy shiny things. We are a paper tiger, or quickly becoming one. Until we clean up our own house more, well, don't expect to be the biggest kid in the school yard all the time anymore.
Showing posts with label US. Show all posts
Showing posts with label US. Show all posts
Tuesday, June 16, 2009
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