2009/06/14 - This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what is to come will be very, very painful. - The American Empire Is Bankrupt
In Rome, the ruins came after the empire fell. In the United States, the destruction of Detroit happened even as the country was rising to new heights as a superpower.
Those chaotic town-hall meetings make for dramatic TV reports, but they don't say much about the mood of the country. Most Americans are not angry.
Methamphetamines cast rural America as a broken land, and Sarah Palin suggested country people were more authentic than city folk. Neither image does justice to the complexities of small-town life.
Inside the Wayne County morgue in midtown Detroit, 67 bodies are piled up, unclaimed, in the freezing temperatures. Neither the families nor the county can afford to bury the corpses. So they stack up inside the freezer, and the smell is arresting."><link rel="image_src" href="http://i2.cdn.turner.com/money/2009/10/01/news/economy/_morgue/detroit_morgue.01.jpg" /><meta name="keywords" content="Detroit, morgue, dead, bodies, burial, cremation, broke, Wayne County"><meta name="AUTHOR" content="By Poppy Harlow, CNNMoney.com anchor"><meta name="SECTION" content="news"><meta name="SUBSECTION" content="economy"> <script type="text/javascript
You know it's over when they're opening Louis Vuitton Mongolia.
Investing ideas for preserving wealth in a fluctuating market.