Agreed, the US isn't on the verge of collapse. As Saint Adam Smith noted, there's a lot of ruin in a nation. But arguably ruination is the route the US is pursuing. Great Britain, too, strode the world like a colossus, the envy of all, when its economic innards were already starting to rot. As for the US with its lighter-than-air enterprises as a world economic model and powerhouse, there was an interesting article in the Wall Street Journal a few days ago about how transient the value of intangible assets can be, how swiftly and utterly intellectual property can lose value. I think there are many more Enrons to come.
Carl
_________________________________________________________________ Join the world’s largest e-mail service with MSN Hotmail. http://www.hotmail.com