Almost every American history teacher I ever had spewed the economic theory of how good war is for the American economy. Well in 2008, that myth is being debunked. With the U.S. having occupied Iraq for over half-a-decade, the U.S. economy has entered an extremely perilous time.
Having traditionally based their power on being a leader in industry, the U.S. is seeing its status take a dive. Today, it is being reported that the U.S. dollar has sunk to an all-time low against the Euro. I can only imagine what this forecasts for the future of American economics. American inflation has already spun out of control. According to CNN, "U.S. inflation is coming in three times as high as expected in March- on top of escalating food and energy prices."
[SIDEBAR: You can only sidestep universal law and karma for so long. There are repercussions for every action. Warmongering, greed, and the worship of money, will only cause an equal and opposite reaction. My economic theory says: Extreme materialism, in which the power of money is so over-valued, will eventually create an economic environment where money is rendered powerless.(SIDEBAR within a SIDEBAR: Ben Bernanke should consult me on this...Lol).
Only a change of values and character can fix this. There's no way we can rectify our country's problems with the same mindset that created them. We need a leader cut from the cloth of Gandhi...now more than ever!].