a sharp drop in projected future world oil output (compared to previous expectations) and a corresponding increase in reliance on what are called "unconventional fuels" -- oil sands, ultra-deep oil, shale oil, and biofuels.We're going to have to go to greater and greater extremes to get the volume of energy we've grown accustomed to, and war is only one of those extremes. This at a time when the CIA's predictions about the decline of American preeminence are coming true 15 years early.
2. According to news reports, America's economic rivals are conducting secret (and not-so-secret) meetings to explore a diminished role for the U.S. dollar -- fast losing its value -- in international trade.This didn't happen, and the Euro has all but collapsed. The dollar is still the primary currency for international trade, and there's no indication that will change anytime soon. In fact, China recently made a significant concession to the US, meant to address US concerns about China artificially devaluing its own currency in order to bolster its export trade.
. . .
Now, however, many major trading countries -- among them China, Russia, Japan, Brazil, and the Persian Gulf oil countries -- are considering the use of the Euro, or a "basket" of currencies, as a new medium of exchange.
3. On the diplomatic front, Washington has been rebuffed by both Russia and China in its drive to line up support for increased international pressure on Iran to cease its nuclear enrichment program.China and Russia recently did sign on to the sanctions against Iran.
4. Exactly the same inference can be drawn from a high-level meeting in Beijing on October 15th between Chinese Prime Minister Wen Jiabao and Iran's first vice president, Mohammed Reza Rahimi.See item 3 above. This is basically just a repetition of the previous point, which has been soundly rebuked by history.
5. From Washington's point of view, efforts to secure international support for the allied war effort in Afghanistan have also met with a strikingly disappointing response. In what can only be considered a trivial and begrudging vote of support for the U.S.-led war effort, British Prime Minister Gordon Brown announced on October 14th that Britain would add more troops to the British contingent in that country -- but only 500 more, and only if other European nations increase their own military involvement, something he undoubtedly knows is highly unlikely.Two months after this was written, NATO allies contributed an additional 7,000 troops to reinforce the recent escalation in Afghanistan, and more recently, they committed roughly 1,600 trainers, bringing the total number of NATO ally troops in the mission to 43,000.
6. Finally, in a move of striking symbolic significance, the International Olympic Committee (IOC) passed over Chicago (as well as Madrid and Tokyo) to pick Rio de Janeiro to be the host of the 2016 summer Olympics, the first time a South American nation was selected for the honor.Really? America is weak because we didn't get to host the Olympics? So is America strong again now that we made it through to the second round of the World Cup and are ranked ahead of England going into the round?
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posted by wcfields at 8:56 AM on June 24, 2010 [6 favorites]