“The US has remained Top Dog for the past half century because (a) we had a stable currency (b) with no viable alternative and (c) we had the military means to attack or defend anyone to adjust the world order as we saw fit. (a) and (b) are clearly things of the past. Our future as a world power depends on (c). Iraq has called that into serious question; events in Iran will provide a decisive answer.”
Great post! However I think you are missing the most important thing here: An endless supply of cheap oil, which is the life-blood of our economy…
