America became a debtor nation with the advent of NAFTA and the decimation of the domestic manufacturing sector. Economists say that America is now bankrupt in all but name.
So far the U.S. response to its long simmering economic crisis has been less than confidence inspiring. A massive and speedy infusion of newly printed money was tossed into the economy, which could never have resolved the trouble caused by an out of control financial sector but could be depended upon to cause other problems. Like the devaluation of the dollar. Foreign investors, the props of the American economy, are racing for the exits, leaving behind trepidation about the next chapter in U.S. history.
None of this is good news for those in foreign lands whose borders depend on American strength. The days when the U.S. could reliably determine the world order are vanishing along with the days when oil producing nations can be kept in line with threats.
Unless Israel can get a solid grip on its own independent future, and soon, its days may be numbered, too.
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