William Greider - The US financial position is rapidly deteriorating, due mainly to...

The US financial position is rapidly deteriorating, due mainly to America's persistent and growing trade deficit. US ambitions to run the world, in other words, are heavily mortgaged. Like any debtor who borrows more year after year with no plausible way to reverse the trend, a nation sinking deeper into debt enters into an adverse power relationship with its creditors -- greater and greater dependency.

William Greider

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William Greider Quotes

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The US financial position is rapidly deteriorating, due mainly to America's persistent and growing trade deficit. US ambitions to run the world, in other words, are heavily mortgaged. Like any debtor who borrows more year after year with no plausible way to reverse the trend, a nation sinking deeper into debt enters into an adverse power relationship with its creditors -- greater and greater dependency. William Greider

They Said So®

Keywords

financial position rapidly deteriorating due america' persistent growing trade deficit ambitions run world words heavily mortgaged debtor borrows year plausible reverse trend nation sinking deeper debt enters adverse power relationship creditors -- greater dependency

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