The Great Decline of the Once-Mighty US

"However, I offer my modest proposal: the US is a far riskier investment over the next 10 years than the Brics."

The "BRIC"s being Brazil, Russia, India and China.

America, not the Brics, faces massive debt obligations to the rest of the world. America, not the emerging economies, has a currency that is looking weaker by the minute. And America, not the emerging markets, is over-owned as an investment.

US stocks comprise 45 per cent of the world's total market capitalisation. Brazil, Russia, India and China comprise 5 per cent. It is hard to believe that the US is worth nine times the emerging markets, especially when factoring in future growth prospects.

This is really not a good sign.

Bush and Cheney have driven us over a cliff.