You will have to excuse me, but this is a pet peeve of mine. I'm calling bullshit on this one. It's such an easy thing to regurgitate something you see as a headline in the media, but not so easy to actually backup what you say. My first problem is the position that the U.S. is actually an empire. I can't really argue against this because while there are many different angles from which you can attempt to tag the U.S. as an empire, you didn't really make much of an effort. Perhaps we can start out with the Wikipedia entry of "American Empire." Again, many different arguments for and against are mentioned here, but from your meager backup of your statement, one of them seems to stand out the greatest for me. Emotions; there are lots of them going around these days. People are having a field day pointing to the end of American this and American that. This puts you in the company of media fear mongers and crazies such as Ahmadenutjob of Iran. I'm going to continue with quotes because others have explained my own point of view much better than I can. In the argument of America as an empire, I subscribe to Thomas Barnett's description. Since we are talking about the global financial crisis (not an economic crisis, I'm with McCain when he says the fundamentals of our economy is still strong) then I assume you are referring to an American Empire in that context. In this sense, the "American Empire" is globalism. America has created something which trancends itself. It injected "American Empire" into the blood of the world and it will never go away. The genie has been let out of the bottle and nobody will be able to put it back in. Thomas Barnett has another great quote along these lines. And this... So quit it with the end of times speech. Some people are in a panic. Smart people are nervous but recognizing the tremendous opportunities open to us today. And why do people get such a kick out of talking about the end of "American Empire?" Americans could give a rats bottom about empire. We just want to keep chasing that same thing that enables us to live the lives we want to live. And thanks to the American contribution of globalism, billions more people on this planet can do the same. ---- Calling bullshit continued... Timn8ter, What is up with some of the things you have been saying in this thread? Here is more. Your doom and gloom posts echo that of mainstream media, so I think you are as influenced by the media as anyone else. Many people don't share your (or the media's) pessimism. Are you suggesting the future should be a graph of growth which solely goes up and to the right? Booms and busts are natural to a healthy economy. The busts in particular help clear out dead wood and from the chaos, opportunities are created. Warren Buffet has said he hopes to live through many more recessions (though we still haven't even hit the technical definition of a recession yet.) We also learn from our mistakes and the world economic system becomes stronger for it. Yeah, and so does talking about empires.