The American people better start putting money away for rainy days because the future is looking kind of cloudy. I know Americans are not good at saving but you better learn to kick that habit of just buying stuff just because it's the "new thing". We got to learn to put something away for our kid's future because it's going to be tougher on them to live the life we Americans have become accustom to living. Not to mention the country's debt they will inherit. This article from Al Jazeera should wake a lot of folks up:
US economic and political power is set to decline over the next two decades and the world will grow more dangerous as the battle for scarce resources intensifies, a report by US intelligence agencies has predicted.
The current global financial crisis is the beginning of a weakening of the US dollar to the point where it becomes "first among equals", said the National Intelligence Council's (NIC) Global Trends 2025 report published on Thursday.
One of the main conclusions of the report is that "the unipolar world is over, [or] certainly will be by 2025", said Thomas Fingar, the NIC's deputy director, at a press conference in Washington DC.
China and India were likely to join the US at the top of a multipolar world and compete for influence, the report added.
Russia's future was less certain, but Iran, Turkey and Indonesia were also seen by the report as gaining power.
"The world of the near future will be subject to an increased likelihood of conflict over scarce resources, including food and water, and will be haunted by the persistence of rogue states and terrorist groups with greater access to nuclear weapons," said the report.
"Widening gaps in birth rates and wealth-to-poverty ratios, and the uneven impact of climate change, could further exacerbate tensions."
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