Euros Accepted" signs pop up in New York City

[Avinash_Tyagi]

Kasz216 said:

Avinash_Tyagi said:
No power has remained on top forever, people don't seem to realize that, they still want a huge defense budget, unwieldy entitlements and low taxes, they don't want to save, and want to spend more than they earn, and what is really galling is its goign t obe those under thirty who get hit the worst by it

I don't see how any of that will effect the US as a world power unless we have a USSR style economic collapse. 

The most valuable currency in the world is the Kuwait Dinar.

The US dollar is just following down to the level it should be at.  It's been propped up so long artifically both by the US and other foreign countries who use massive amounts of dollars with their own economies. (Japan, etc.)

Even if the US becomes a fairly poor nation the huge defense budget will still keep it on top.

Of course why one wants to be on top i'll never know.  All it does is give you all the blame for everything, as well as be expected to do everything.

US pays most of the UN's bill, the US is buying the UN, US doesn't pay most of the bill, US isn't doing it's part.  Etc.  It's stupid.

Oh I think the debt could sink us, not just public debt but the debt on the entitlements and private debt in households, the GAO believes that the publicly held debt will double the US GDP by 2040, and by then the US will have lost its AAA status on US treasury bonds, making our interest payments on the debt higher than they are now.