The US is Falling
This morning, two things happened.
1) The US lost the bid to sell fighters in China in what is likely the largest competitive international arms purchase of the decade. Lockheed Martin and Boeing both were cut from the competition to provide India with fighter aircraft for the next 30 years. This is because the planes that they offered, the F-16 and F/A-18 respectively, are old. They both are upgraded planes dating back to the 70's, and India shot them down with good reason: they are alright today, but they will be out of date in 5-10 years, let alone 30-50 that these planes will be in service. Why is this? The US refused to offer India - an ally and increasingly important economic power and regional military counterpoint to China - the modern F-35 Joint Strike Fighter, let alone the F-22 Raptor. And thus, the US lost out on a $11 billion contract. The result? The US Ambassador to India resigned today and the administration say they are "shocked" at the decision. Am I shocked? Hell no. Europe offered two 5th generation fighters, we offered two 4th generation fighters. The 4th-gen fighters got cut. Wake up America.
2) The Yuan is rising, the dollar is falling. The Yuan broke 6.5 Yuan to the dollar for the first time since 1993. The dollar is pretty much in free fall, and we are not doing anything about it. Pretty soon we are going to have thePrime Minister President Harold Wilson Barack Obama announce that he will devalue the pound dollar saying it will tackle the "root cause" of Britain's America's economic problems. Specifically, "It does not mean that the pound dollar here in Britain America, in your pocket or purse or in your bank, has been devalued."
Yes, countries can fall. Yes, it has happened before. And yes, America is falling. Hopefully, we wake up before we crash.
1) The US lost the bid to sell fighters in China in what is likely the largest competitive international arms purchase of the decade. Lockheed Martin and Boeing both were cut from the competition to provide India with fighter aircraft for the next 30 years. This is because the planes that they offered, the F-16 and F/A-18 respectively, are old. They both are upgraded planes dating back to the 70's, and India shot them down with good reason: they are alright today, but they will be out of date in 5-10 years, let alone 30-50 that these planes will be in service. Why is this? The US refused to offer India - an ally and increasingly important economic power and regional military counterpoint to China - the modern F-35 Joint Strike Fighter, let alone the F-22 Raptor. And thus, the US lost out on a $11 billion contract. The result? The US Ambassador to India resigned today and the administration say they are "shocked" at the decision. Am I shocked? Hell no. Europe offered two 5th generation fighters, we offered two 4th generation fighters. The 4th-gen fighters got cut. Wake up America.
2) The Yuan is rising, the dollar is falling. The Yuan broke 6.5 Yuan to the dollar for the first time since 1993. The dollar is pretty much in free fall, and we are not doing anything about it. Pretty soon we are going to have the
Yes, countries can fall. Yes, it has happened before. And yes, America is falling. Hopefully, we wake up before we crash.
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