[Tallguy]

"The past eight years of imperial overstretch, hubris and domestic and international abuse of power on the part of the Bush administration has left the US materially weakened financially, economically, politically and morally," he said. "Even the most hard-nosed, Guantanamo Bay-indifferent potential foreign investor in the US must recognise that its financial system has collapsed."

I guess we know where this guy is coming from. Sounds like he has a political beef with the US as much as an economic complaint.

I'd like to ask this professor exactly where does he think that these foreign investments are going to go? If you liquidate your US investments, you must be buying something that you perceive to be better, right? As long as there is no single alternative, then the US slide (assuming he's right about that) will be a long one, but not unreversible.

[Tallguy]

unreversible = irreversible. Sheesh!

[pappyone]

Agreed. England, China, maybe Russia? Where would smart investors put their money? In the U.S. even at 0%. It might be long and painful, but not as painful as the rest of the world.

[parisa]

I completely agree w/ you. Every critical look at U.S. — politically, economically, “morally” — infers that there is something more desirable out there; a better alternative, mankind's ultimate Nirvana! But is there? (AND has there ever been in the history of the world, for that matter?)

Ignoring what leftist, anti-American politial hacks predict (desire!), money instinctively gravitates to most secure, and looking out over the vast wide world, what's the alternative, even when everyone knows Santa Claus is not real!