PLEASE VIEW THIS 5MINUTE VIDEO?Niall Ferguson: U.S. Empire in Decline, on Collision Course with China
Ferguson is a Harvard professor and author of “The Ascent of Money”. In the following video he gives reasons why the U.S. is in deep decline.
He explains how an ascending power can’t borrow nine trillion dollars from the rest of the world and expect to stay on top for too long, and he also predicts that the Chinese navy will be a strategic threat to the U.S. navy in the near future.