America is likely to remain the dominant superpower

[tomahawk6]

in terms of savings - we are poorer now than we ever were.

the 'housing boom' was merely generated by debt.  Nothing of value was created.  And we all know wealth follows production, not consumerism.

As soon as New Europe starts buying up chinese goods, and starts taking up our slack - our use to the rest of the world will be diminished.  And so will our 'economic superpower' status and our laughable fiat currency.

We are still the best country to live in, in terms of opportunity and standard of living if you have money tho.  Life sucks here if you're poor.

r

The big difference between the US and Europe is socialism. People are looking for a handout and wont help themselves to better their financial condition. If you want a comfortable lifestyle then you have to educate yourself to be competitive in the marketplace. A poor person in the US is rich by comparison to the poor in the rest of the world. The nice thing about living in the US you dont have to remain poor.