The Rising Empire - America. Not.
Amongst predictions about the decline of the US empire, one prominent voice is that of Niall Ferguson, the Harvard professor and a noted financial historian. This is how Ferguson put it in a recent interview - "People have predicted American decline in the past and been wrong. But let's face it. If you're trying to borrow US$ 9 trillion to bail out your financial system and economy and already half your public debt is held by foreigners, it's not really the conduct of a rising empire."
via equitymaster.com
