CNN

China seen surpassing U.S. in superpower shift:

Once a country like the USA is sliding down the “economic slippery slope”  the way it is it can’t ever gain their “footing again. “The old gray mare isn’t what it used to be”!!

I don’t see the USA ever recovering from its economic dilemma based on what is happening (not happening) in government. The situation has gone too far and too long for any hope of a recovery. The politicians are like ostriches  with their heads buried in the sand hoping problems  will  resolve themselves but never do.

Let us not forget; these people make big money for their blunders.

As of 2012 these are the entities that the USA was up to its eye balls in debt to; China being # 1 on the list.

1.China, Mainland,                            $1153.6 billion dollars
2. Japan,                                              $1121.5 billion dollars
3. Oil Exporters*,                               $263.0 billion dollars
4. Carib Bnkng Ctrs**,                      $256.9 billion dollars
5. Brazil,                                              $253.9 billion dollars
6. All Other,                                        $226.8 billion dollars
7. Switzerland,                                   $202.2 billion dollars
8. Taiwan,                                           $198.0 billion dollars
9. United Kingdom,                          $153.6 billion dollars
10. Russia,                                          $153.3 billion dollars

These being only the top 10; there are many more.

The politicians that run our country remind me of a guy that is a total failure and has to borrow money from his kids, family and neighbors knowing that he is never going to be-able to pay them back. But to put the icing on the cake; the big shot is in the bars every-night buying drinks for the house.

How did our economy get so out of wack and so far in debt? Mismanagement, greed, getting involved in wars we had no business getting into, horrible leadership in all administrations going back many years; the list is endless.

The only times in recent years when the government was holding its own was with the Carter and Clinton administrations.  Let give credit where it is due.

When did anyone ever think that the USA would owe a country like Brazil 400 billion or Taiwan 200 billion dollars? Most of these countries listed are in the financial condition they are in because the USA “The Suckers of the World” financed them; now the worm has turned and we owe them. Does it make sense?

To this day; as dire of a financial condition we are in, the USA is still giving these countries billions of dollars in aid every year. We owe them money and we are giving them aid. Again, does this make sense?

Because of its mismanagement and ineptness of its leaders the USA’s national debt continues to grow at the rate of about 5 billion a day or more.

The moral of this whole story is; the United States of America has no one to blame but itself, meaning the politicians that run the country, for its current economic condition and the loss of its world wide status for being # 1.

The USA will never again be the super-power it once was. With its liberal mentality that has taken over the government where they are support about 35% of the non-working population and its lackadaisical methods of running the government we are on a downhill slope and picking up speed on a daily basis.

The next time you go to a Chinese restaurant for shrimp foo young, you better save those wooden chop sticks, you are going to need them. Hopefully you will win the lottery with the numbers inside the fortune cookie.