We take it for granted that America will always be the world’s financial standard and leader. With our Constitution and its Bill of Rights and our expansive economy, we have been truly Number One world-wide and it has financially helped others as well.
We forget that the British once held this vaunted position. They relinquished it when they became a debtor nation. The U.S. today is well on its way to become such a monetary-debased country.
And we know at least one creditor nation in the Far East, ready to take over our past role. So we ought to mend our ways, quickly.
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