‘The US is financially bankrupt, with budget and trade deficits that exceed the combined deficits of the rest of the world together. The dollar has wilted. The American consumer market is dying from the offshoring of American jobs and, thereby, incomes, and from the wealth effect of the real estate and derivatives collapses. The US has nothing to offer Europe. Indeed, American economic decline is killing European exports by driving up the value of the euro.
America long ago lost the moral high ground. Hypocrisy has become America’s best known hallmark. Bush, the invader of Afghanistan and Iraq on the basis of lies and deception, thunders at Russia for coming to the defense of its peacekeepers and Russian citizens in South Ossetia. Bush who ripped Kosovo out of Serbia’s heart and handed it to the Muslims, has taken an adamant stand against other separatist movements, especially the South Ossetians who wish to be part of the Russian Federation.’
Continue reading here