The marxist-sociopaths are destroying your Nation. Are you happy? Are you sad? Do you revel in the very destruction of your lives or are you welcoming the fact the federal government will control your every move?
LAS VEGAS—The era of US economic dominance is rapidly coming to an end as an “American Gothic” age sets in and China becomes the new global leader, economic historian Niall Ferguson said.
Four primary factors—some caused by the financial crisis and others stemming from separate geopolitical issues—spell the final stages of the American age, Ferguson told attendees at the Skybridge Alternative Investment (SALT) conference here.
“The big story of your lifetime is that this period of Western predominance came to an end on your watch,” he said. “That happened because the developing part of the world is achieving the Industrial Revolution that the Americans experienced. This period is going to continue until China becomes the biggest economy in the world.”
For Ferguson, a professor of economics and history at Harvard, projections of economic gloom for America are hardly new.
He’s been critical of US debt and the profligate spending that has brought the nation to a budget deficit approaching $1.5 trillion.
He’s not the only one to predict that China is about to overtake the US on the global stage. But in a room full of hedge fund pros, the warnings weigh heavy for an industry just recovering from the financial crisis and the public black eye it sustained during the economic meltdown. [...]
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