IMHO, until the American people wakeup and politically destroy the current Democrat Party and anti-American. hate America, POTUS Barack Hussein Obama, we will continue the spiral downward at an brisk pace!!! As for America continuing to be a formidable force. forget it. Just the PRC (China) & India will alone provide the driving consumer growth to sustain their economies and add on the Pacific rim countries, Asia & Africa, Japan/Korea and the USA will disappear just like the Roman empire did. We, Americans have done this by our own free hand in pursuit of getting something for nothing!!! The moral, my fellow Americans is, there is no such thing as a free lunch!!! Wake up America or perish!!! The attacks on Pearl Harbor and on 911 killed thousands. POTUS Barack Hussein Obama and the Democrat Party are killing millions economically and destroying this great nation to boot.
I didn’t say that America would avoid a painful crash.
But I have hope that there will be an America 2.0 built on a firmer foundation (the Constitution is a fine start it just needs to be adhered to re the size and scope of the FedGov, and the relative powers of the States). Who has a better chance than the US to rebuild— we have all the basic building blocks we just need to ensure that we don’t destroy everything else when the dollar collapses.