Around the year of 2015 Americans world as they currently know it will changes dramatically. To think about the concept of becoming #2 in the world makes peoples hair stand up on their back of their necks. The confidence of the Country is going to be shattered and a new psychological outlook will emerge. What will the country look like?
The Economics of #2:
A country in the #2 position has a marked disadvantage in terms of its ability to obtain advantageous trade agreements, business contracts and develop a lucrative business environment. One of the reasons why the business environment will become more difficult is because there is less leverage. The best contracts are reserved for the country in the #1 spot.
The citizen of the #2 country may find that their money doesnt purchase as much as it did in the past and this is due in part to the declining value of the dollar. When the dollar is deflated in price it purchases less bread, goods, and products. Therefore, the standard of living declines and people must learn how to do more with less.
It is also important to know that the cost of borrowing money as well as making purchases increases and this...
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