IMF: The End Of American World Dominance Is Nigh

The Bell Is Tolling, But Is Washington Listening

Barack Obama
The International Monetary Fund, which oversees the global economy, sent out a stern pronouncement this week, sure to shake up Washington to its core. The IMF stated the "Age of America" will end by 2016, to make way for Chinese dominance in the world. If you ask me, it has already happened, especially when you take into account the massive amount of U.S. debt China holds and their meteoric rise in the area of global commerce.
While China has worked hard for its place in the world, one can't help but lament America's fall, which occurred thanks to the reckless and villainous policies of former President, George W. Bush. He is squarely to blame for the nation's unprecedented descent in the world, which has been made worse by President Obama's poor policies.

George W. Bush
Washington's refusal to tackle the national deficit, rein in criminals in the corporate sector, who continue to wreak havoc and end the costly wars in the Middle East and Libya, have many financial agencies and authorities, such as the IMF and S&P writing the nation off as the world's preeminent superpower.
America has not even been the dominant empire in the world for a significant period of time, in comparison to other nations in world history who've had that crown. The British, Roman, Babylonian and Egyptian empires lasted far longer at number one than America has thus far. To lose the top spot at this relatively early juncture is regrettable and a painful lesson on what happens when a government goes too far. It is not too late to turn things around, but the White House and Congress refuse to engage in any meaningful fiscal discipline.
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S&P Changes America's Rating To "Negative" Highlighting Obama's Failure To Tame The Deficit

Barack Obama
Prior to and at the beginning of President Barack Obama's term in office, the Judiciary Report warned about the national deficit and overspending in government. Though the White House and just about every department of the U.S. Government has been logged by site statistic's program Traffic Facts, as readers of this website for years, the warnings went unheeded and now the chickens have come home to roost.
Veteran financial agency, Standard and Poor's, has downgraded the U.S. economy's debt load to "negative" setting a 20-year low for America. The S&P stated of America, "The nation's deficit rose to 11% of total economic output in 2009."
President Obama has added more to the national deficit than any other president in American history. Therefore, regrettably, Obama is to blame for this terrible rating, as he unwisely spent enormous sums of money. Another side effect of the White House's poor fiscal planning is prominent nations are gathering with the goal of dropping the U.S. dollar as the world's premier currency.
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