[Fdhwzctl]

The US dollar bill’s standing as the world’s favourite form of cash is being usurped by the five-year-old euro.

The value of euro notes in circulation is this month likely to exceed the value of circulating dollar notes, according to calculations by the Financial Times. Converted at Wednesday’s exchange rates, the euro took the lead in October. As the sun sets on the American Empire, with the dollar in retreat, along with American power and prestige, are we ready to take our place as "just another country", rather than the world's dominant power?

[fameintatenly]

As the sun sets on the American Empire, with the dollar in retreat, along with American power and prestige, are we ready to take our place as "just another country", rather than the world's dominant power?

I don't think I'll live long enough to see it. In fact my children probably won't. The US will undoubtedly have to give up its position as the world's sole superpower. But there is no way to predict how many generations will pass before the US will be "just another country".

[Gedominew]

There are a 100,000,000 more Europeans than Americans. Just wait for a couple of years the Yuan will overtake both.

[Fdhwzctl]

I don't think I'll live long enough to see it. In fact my children probably won't. The US will undoubtedly have to give up its position as the world's sole superpower. But there is no way to predict how many generations will pass before the US will be "just another country".

It's just a matter of a few decades, once the dollar is gone, we won't be able to get China to finance the military, so we'll have to reduce the military to a defensive force, Grover Norquist says a 70% reduction in the Pentagon budget should be the target.
On the bright side, we'll be able to export oil again, as US citizens will be priced out of that market.

[ahagotyou]

As the sun sets on the American Empire, with the dollar in retreat, along with American power and prestige, are we ready to take our place as "just another country", rather than the world's dominant power?

The dollar is not retreating. Nor is the USA.

[Cajlwdvx]

It's just a matter of a few decades, once the dollar is gone, we won't be able to get China to finance the military, so we'll have to reduce the military to a defensive force, Grover Norquist says a 70% reduction in the Pentagon budget should be the target.
On the bright side, we'll be able to export oil again, as US citizens will be priced out of that market.

just more I hate my life and it's the govn fault rhetoric.

How's the dow doing...

Varus

[Dr. Shon Thomson]

As the sun sets on the American Empire, with the dollar in retreat, along with American power and prestige, are we ready to take our place as "just another country", rather than the world's dominant power?

You post a lost of this "The US is doomed" stuff. It seems that this is what you want, rather than what is.

Matt

[Grizli]

I fear Gort (#3) is prophetic in his analysis.

[icerrelmCam]

As the sun sets on the American Empire, with the dollar in retreat, along with American power and prestige, are we ready to take our place as "just another country", rather than the world's dominant power?

It won't take the dollar to bring down the U.S. Just another 50 years of the Hispanic Invasion and the Marxist Left dividing Americans will be enough to make us implode from within, just like the Romans did.

[tactWeiccaf]

You post a lost of this "The US is doomed" stuff. It seems that this is what you want, rather than what is.

Matt

Kind of how Jimmy Carter used to talk about "malaise."

And I agree with your observation noted in your second sentence.

Kramer

[Grizli]

I wonder if Sam (#9) knows just how much of the US IS the US because of our invasion of Hispanic (after they 'colonized' the Noble redman) lands?

As for the question of whether we want the US to be in decline, it is moot.

Because it most assuredly is, in fact.

[jessyhalm]

It won't take the dollar to bring down the U.S. Just another 50 years of the Hispanic Invasion and the Marxist Left dividing Americans will be enough to make us implode from within, just like the Romans did.

How many people do you know that are actual Marxist? If we took a poll of how many people want to abolish private ownership of capital do you really think it would be more than 5%? I would guess it would be less than 1%. Being in favor of some regulations and social programs and being for a complete redistribution of the wealth are two different things. This is no different than calling republicans or conservatives fascist which I do not do because I have chosen not to sink to that level.

[sarasaraseda]

As the sun sets on the American Empire, with the dollar in retreat, along with American power and prestige, are we ready to take our place as "just another country", rather than the world's dominant power?

Ye gods - what drama! The Euro is doing well right now because the European economies are growing more rapidly than the US at this point in the economic cycle, as our interest rates are peaking. It is to be expected. The Euro is still quite a new currency, and it will certainly be a very significant factor in the world economy as it reflects many affluent nations.

The EU has serious structural problems, including chronically high unemployment and high deficits among its largest members (Germany, France, Italy). Ironically, it is the mid-sized nations - the Netherlands, Ireland, Denmark, Austria - that set the pace. This will be a problem for the Euro at times, just as our own problems have an impact on the dollar.

There is no need for the end-of-the-world routine. In the 80s, an entire industry was built on the assumption that Japan's economy would take over the world. There is absolutely nothing left of that. In the 70s, books were written about the destruction of the US economy through inflation. There is nothing left of that either. Sorry to burst your melodramatic bubble.

The really interesting story is the power of the UK currency. Britain's pound is a powerhouse. There will be no reason for the Brits to even consider moving to the Euro at this point.

[Lydiaswingert]

Ye gods - what drama! The Euro is doing well right now because the European economies are growing more rapidly than the US at this point in the economic cycle, as our interest rates are peaking. It is to be expected. The Euro is still quite a new currency, and it will certainly be a very significant factor in the world economy as it reflects many affluent nations.

The EU has serious structural problems, including chronically high unemployment and high deficits among its largest members (Germany, France, Italy). Ironically, it is the mid-sized nations - the Netherlands, Ireland, Denmark, Austria - that set the pace. This will be a problem for the Euro at times, just as our own problems have an impact on the dollar.

There is no need for the end-of-the-world routine. In the 80s, an entire industry was built on the assumption that Japan's economy would take over the world. There is absolutely nothing left of that. In the 70s, books were written about the destruction of the US economy through inflation. There is nothing left of that either. Sorry to burst your melodramatic bubble.

The really interesting story is the power of the UK currency. Britain's pound is a powerhouse. There will be no reason for the Brits to even consider moving to the Euro at this point.

Is it really melodramatic to say that the US empire is in decline? Hardly.

I seem to recall that the last time we got ourselves into a military morass, one of the results was the liquidation of what remained of the gold standard. Since that's already been done and can't be done again, I wonder what we'll do this time to offset our enormous losses, aside from continuing to tell ourselves that there's no problem at all thanks to our enormous GDP, blah blah blah?

[9V4i8xw1]

As the sun sets on the American Empire, with the dollar in retreat, along with American power and prestige, are we ready to take our place as "just another country", rather than the world's dominant power?

HAHAHAHA!!!

Man it never ceases to amaze me how the "America haters of America" can fish for new ways to try and marginalize and/or insult their country.

People like goober foam at the mouth at the thought of America weakening.

Something they never seem to realize - everytime there is an end of power...it creates a vacuum to be filled by all comers.
I cannot honestly think of ANY country I would rather be the most powerful on earth than America.

[Lydiaswingert]

HAHAHAHA!!!

Man it never ceases to amaze me how the "America haters of America" can fish for new ways to try and marginalize and/or insult their country.

People like goober foam at the mouth at the thought of America weakening.

Something they never seem to realize - everytime there is an end of power...it creates a vacuum to be filled by all comers.
I cannot honestly think of ANY country I would rather be the most powerful on earth than America.

If we're smart, we'll seek a world in which there are no superpowers.

[sarasaraseda]

Is it really melodramatic to say that the US empire is in decline? Hardly.

I seem to recall that the last time we got ourselves into a military morass, one of the results was the liquidation of what remained of the gold standard. Since that's already been done and can't be done again, I wonder what we'll do this time to offset our enormous losses, aside from continuing to tell ourselves that there's no problem at all thanks to our enormous GDP, blah blah blah?

I am completely bewildered by your comments. Are you supporting the gold standard? Are you saying that the US was somehow responsible for the end of the gold standard in its most recent form in 1972? If you are arguing for the end of free-floating currencies, are you then willing to address the issues raised by the deflation that accompanies a return to the gold standard? And what, if anything, does this have to do with the topic?

[icerrelmCam]

If we're smart, we'll seek a world in which there are no superpowers.

If we're smart? More like overly stupid.

[Lydiaswingert]

I am completely bewildered by your comments. Are you supporting the gold standard? Are you saying that the US was somehow responsible for the end of the gold standard in its most recent form in 1972? If you are arguing for the end of free-floating currencies, are you then willing to address the issues raised by the deflation that accompanies a return to the gold standard? And what, if anything, does this have to do with the topic?

Yes, I very much support a return to a gold standard of some sort and yes, Nixon put the final nail in it's coffin when he announced on August 15, 1971, that the dollar would no longer be backed by gold.

I am very willing to address the issues that would be raised by an end to the system of fluctuating fiat currencies and whatever deflation ensued. Getting our accounts in order would without question be painful but the longer we put off the inevitable day of reckoning, the more painful it will become.

As for how this relates to the topic, it suggests to me that we have dug such an economic hole for ourselves that there is no question that our empire is in the process of fading away into the sunset, as the cost of maintaining it is well beyond our economic means. When the flow of credit which presently sustains us runs dry, as it surely will, we will have no choice but to default on our obligations, just as Nixon defaulted on our obligations as per the Bretton Woods Agreement.

[jessyhalm]

If we're smart? More like overly stupid.

Only stupid if concentration of power is our goal.