US has major structural problems, and they just took the wrong medicine - Obama.
(not to say that the old fart was better choice)
I think this is the end of the US (and actually UK within Europe), as a major player.
The result of the US driving the whole world into a recession will be diversification, as soon as the shell-shock fades away...
Any one doubting that is in denial.
Do you know what were the factors behind the fall of the Western Roman Empire in 475?
Their political limitations and loss of revenue (from their richest provinces of Spain and North Africa).
I think the US has reached its end precisely because of its failure to revamp its political system. Here's the irony:
US has 21st century technology,(like the rest of the world) but it has a 18th century system.
Rome had 19 century Imperial needs, in terms of taxation and such, with 5th century technology, organizational and political structure.
Neither could survive.
In the case of the US their political limitations will lead to loss of revenue.
Here is how:
This is the only country where the Federal government (Senate/house) are 100 locally elected and not party appointed, or nationally elected.
With other words they are in charge of the Federal purse, but owe their loyalty to a local electorate somewhere - perfect case of conflict of interest.
They are the bankers, the depositors, and the borrowers from the biggest bank, known as the US Federal government - that right there spells doom!
1.2 Trillion deficit will only get worse, under a schizophrenic system as this one.
The only way they reach consensus is by dividing the the money they are in charge of, among themselves (their districts), and when not enough, find a way to uncover more funds, usually by borrowing, since taxation is harder sell...
That system worked great, in a world of their "founding fathers" (pre-income tax) but is totally useless these days.
The US needs to adopt some form of modern Parliamentary system or die.
Not to say that it isn't as corrupt, but with what they have now, even zero corruption spells doom!
That's exactly it - BG is turning into one cheap Vegas - wtf is he talking about?
I hope no-one reads this - that's all we need more Anglo tourists....
"On Thursday it was the turn of German Gref, a former Economics Minister who is now CEO of Russia's largest bank, state-owned Sberbank. His proposal during a panel discussion went even further than Putin's: In the absence of any serious competitors to the dollar, he advocated international control of U.S. monetary policy."
The Americans are screwing up big time, and the problem is that it isn't their problem only.
If you can't be in control of your economy, do the smart thing and relinquish that control to the international community - Bulgaria did, and we aren't nearly as incompetent as the US is.
"We are mortified by last evening's Super Bowl interruption..." Lol - pathetic;))) Oh no my child saw boobs! That's it! He will turn to life of crime for sure!!!
BTW the so called Super Bowl is (I think) some local thing with fake football (rugby). We are not talking real football...
Of course, what do you expect!
Poorly trained traffic controllers, lack of knowledge of modern equipments and probably miscommunication due to poor English, not to mention the "Airport Mafia" (oooh, like that Taro?) ...
oh, sorry, this is in the UK, I thought it was in Sofia....
is it me, or does this sound like a female genitalia's term of endearment.....
The Americans are the same.
The articles the write about BG - it's all about "we are better"!
this is a new one:
Forgotten Bulgaria! WTF - 7 million visitors annually - that's the equivalent of 300 million to the US - I think they have like 10% of that!
"He has been on his knees sucking socialist schlong for a decade or more,..."
Lol, Nellie, you better remember how to do that yourself;)))) OMG what Obama has in store for the States - every commie's fantasy!
(I am not worry about you though - those wrinkles around your mouth, tell me you'd be OK;)
Lol, what a loser!
WTF are you posing with those potatoes there, giving the Brits what they constantly need and crave - feeling better than others....
Spotty, toothless, Anglo trash....
50% more Chinese Tourists in Bulgaria
Potentially Defective Aluminum was used by All Car Manufacturers in Japan