Reality check #2: Corporate loyalties don’t lie with governments.

The corporate loyalty lies where the profit is and where they can exploit people to get it. Hong Kong is prime example. It’s a city with little regulations and companies are making a killing. As I write millions of jobs are going to Asia: Companies, loyal only to profits, are abandoning America and Europe for the meat rush.

Reality check #1: Bleeing the $$$

America and Europe is going to be bled of its money by third world countries in Asia. It’s already happening with its mounting $200bn US trade deficits. It’s a fact A US-China trade war looms. America can not keep pace with the amount of money exiting the country, something has to break. The dollar will have to break and with it the dreams of the American people--SUV, cheap oil, big houses, fat salaries. Thomas Friedman’s prominent book “The World Is Flat” clearly outlines the new modern "flattening reality. " It does fail to fully extract the reality that not only is the world flattening, but so will the wages…middle class wages will have to flatten in order to compete with the wages being offered in Asia. We can't be a country of specialist; there will always be menial jobs that someone will have to do. The key is workforce supply and demand… for the next 20yrs there will be disproportionate supply of people willing to work for very little in Asia.

• China not solely responsible for US trade deficit -- Forbes... yea right believe a Chinese paper.

• Trade frictions result of US savings shortfall -- The economic relationship between the United States and China could well be the world's most important bilateral relationship of the 21st century. And it's not going well. The stresses and strains of globalization have added considerable tension to the interplay.

All Empires have to fall...

All empires have to fall. The Egyptians, the Romans empires have all subsided into antiquity. Gibbon argued in his great text that it was conflicts in the Middle East that caused the Roman Empire to fall because it over exteneded itself and allowed the German tribes to gobble up their Empire. Russia's defeat in Afghanistan also neatly coincided with another super power’s fall. Cicero tells his son learn history so you don’t repeat her mistakes. But who is telling America?! America, I and million other sons and daughters of yours are telling you! Wake up, dont repeat history! Historians will look back on the 2003 Iraq War as marking the point when America started her great decline. Like our Roman forefathers we too have become fat and lazy with our out of control debit and monstrous armed forces. You would think we would have learned from Vietnam; the Middle East conquest marks an over extension that will allow China to position herself to succeed the US as the next controlling superpower. We have a number of reality checks that this blog is going to address and discuss.