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This is how America gets toppled from No. 1 world power

Monday, December 21, 2009 By David Galland in Casey's Daily Dispatch: The fact is that [America's] leadership is a bunch of spineless opportunists with no more important items on their personal agendas than getting elected. They are spending this country into ruin. And they are doing it on our watch. Paradoxically, while Americans have rolled over and wet themselves like scared dogs, as Doug Casey so colorfully puts it, the nation’s salvation may have to come from the very same people we in the U.S. most enjoy denigrating: the Chinese and the Arabs. And, adding paradox to paradox, they may save us by first bringing us to our knees – by backing away from our Treasury auctions and, in time, maybe even backing their own currencies with something more tangible than crossed fingers. Those actions would cut off the life blood of the U.S. bureaucrats: the on-demand fiat money that is the source of U.S. political power. Crux Note: Each day in Casey's Daily Dispatch, David Galland brings you an informative and entertaining overview of the markets, the economy, and politics... all from his unique and often contrarian perspective. Casey's Daily Dispatch is absolutely FREE and comes right to your inbox, five times a week. To sign up, click here... More from Casey Research: Casey Research: The consumer is still deeply in debt Must read: The big factor that guarantees higher gold prices Why super investor John Paulson is betting so much on gold

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Government Stupidity | Politics | Cruxallaneous