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emphases addedA foolish President Obama and moronic Secretary of State Kerry have handed the United States government its worst diplomatic defeat in history and destroyed the credibility of the Office of the President, the Department of State, and the entire executive branch.
...the rest of the world has learned to avoid Washington's rush to war when there is no evidence. A foolish Obama was pushed far out on the limb by an incompetent and untrustworthy National Security Advisor, Susan Rice, and the pack of neoconservatives that support her, and the British Parliament cut the limb off. Obama's destruction of US credibility goes far beyond diplomacy. It is likely that this autumn or winter, and almost certainly in 2014, the US will face severe economic crisis.
The long-term abuse of the US dollar's reserve currency role by the Federal Reserve and US Treasury, the never-ending issuance of new debt and printing of dollars to finance it, the focus of US economic policy on bailing out the "banks too big to fail" regardless of the adverse impact on domestic and world economies and holders of US Treasury debt, the awaiting political crisis of the unresolved deficit and debt ceiling limit that will greet Congress' return to Washington in September, collapsing job opportunities and a sinking economy all together present the government in Washington with a crisis that is too large for the available intelligence, knowledge, and courage to master....
The rest of the world -- especially Washington's bullied NATO puppet states -- will take great delight in the discomfort of "the world's sole superpower" that has been running on hubris ever since the Soviet collapse.
The world is not going to bail out Washington, now universally hated, with currency swaps, more loans, and foreign aid. Americans are going to pay heavily for their negligence, their inattention, their unconcern, and their ignorant belief that nothing can go wrong for them and that anything that does is temporary.
Two decades of jobs offshoring has left the US with a third world labor force employed in lowly paid domestic non-tradable services, a workforce comparable to India's of 40 years ago. Already the "world's sole superpower" is afflicted with a large percentage of its population dependent on government welfare for survival. As the economy closes down, the government's ability to meet the rising demands of survival diminishes. The rich will demand that the poor be sacrificed in the interest of the rich. And the political parties will comply.
