Do you think that the present death crisis is the beginning of the end?

If the Bible is correct, the Anglo-American world power is the last one before God intervenes. A rival is to surface but both will exist till the end. Right now, it seems to have no challenger. From my perspective on international events, I see no reason to doubt this.

I do not know what will happen. I do think that the reason the States are in it is because of the mistakes it made like allowing people who would not afford to buy houses to buy them because if they did not, the mortgage lenders would be called lenders, and there were other things such as not investing the social security payments to make more, of the moral decline - so many unwed mothers and fathers whose children are being paid for by the state, the habit of Americans of putting things on credit and not paying the full amount, etc. And on top of that, they got a president who wants to turn America into a socialist state, or rather a communist one with little freedom and where the government controls everything. Now much of America's debt is owed to China and if Americans were to ;pay down its debt, the ones living now would suffer greatly and also the ones in the future. That would happen no matter what. So it looks like the children's standard of living would be lower then their parents and I do not know what the government will do. I would hate to see lands compensated by banks to pay for the loans like what happened in the 30s.

i am too curious to know also what would be the outcome of this debt crisis on the US. i just hope that US will not totally go down the drain. because they are a good country. i wanted US to stay as the super power in the world. but just reading a lot of things lately about what is happening , it seems like their reign as the super power is about to end. and i hate the most to see how the people suffer financially now. i am just hoping that it won't get any worse any more and that things will start to look better now at least if not possible to go back to once things used to before this debt crisis and other financial crisis that hit US.

No one knows the full implications in the U.S. or world if the U.S. fails to raise its statutory debt ceiling on August 2. The debt ceiling is a statutory scheme enacted in World War I authorizing the government to borrow from the credit markets to pay U.S. debt. It has been raised 77 times. Technically, if not raised on August 2, the U.S. government still has sufficient revenue from tax collections to pay interest on U.S. government bonds and other government programs it chooses to pay, though it will not be able to borrow to cover shortfalls to pay other U.S. government expenses. I believe the political and economic implications could be grave if the debt ceiling is not raised. It sends a message to the world and credit markets that the U.S. may at some point default on its obligations and is not the most credit-worthy country (particularly if its bond credit rating is reduced). That could cause interest rates to spike, freeze credit markets, and throw the U.S. and world into a worse economic slump. Since the dollar is the world's reserve currency, a steep decline in its value could cause the price of oil and commodities to spike, further threatening world prosperity. Nothwitstanding its current economic slump, the U.S. does seem to be in a systemic decline. Our educational system is not keeping pace with other industrialized nations. We have an antiquated and decaying infrastructure. We're dependent on foreign oil and lack alternative sources of energy more than ever. Our health care system is the most expensive among industrialized nations. Our lack of effective immigration policy is causing rapid cultural change we do not understand or can control. Other newly-industrialized nations with plentiful resources and rapid growth are catching up and may eventually surpass the U.S. in economic might. The biggest factor today is the failure of our governing class to function and govern to solve our problems. We've become frozen into a highly partisan political divide that does not want to compromise on ideological grounds. Consequently, we have a country where the citizens want the same level of government services but a vocal, powerful anti-government and anti-tax minority does not want to pay for them. These anti-tax ideologues apparently believe that if the U.S. substantially slashes the federal government, the free market will work to solve all our problems. As I said, we do not know the full implications of the current dilemma but from my perspective things look gloomy.

Hi Pose: Nice question. i would not say this is the beginning of the end of the United States as the most powerful country of the world because it has lost part of that power since before. As more nations like China, India, Japan, Brazil and Europe as a whole has gain more power in the international scenario, the united states stops from being the absolute leader. See how USA is not leading the Lybian crisis. I think it's better to have more than just one country at the top of the world so a scenario with various super power countries is really good in my opinion. ALVARO