America's Achilles' Heel: Why the Dollar Could Spell the Defeat of a Superpower
Like the mythic warrior Achilles, America once seemed invincible. Our military is second to none and seems destined to remain that way. Based on estimated figures, U.S. military spending is greater than the total of the nearest ten competitors combined. Our technological capabilities continue to advance with smarter and more lethal weaponry than ever before.
On the home front, the Dow Jones Industrial Average closed 2013 above 16,500, up an astonishing 10,000 points from the low in March 2009, less than five years ago. The housing and auto industries both enjoyed great years, rebounding from the brink of disaster after the economic crisis of 2008.
Yet, despite these signs of strength, America is perhaps the most vulnerable it has been in the modern era. A coordinated attack on the U.S. dollar, for example, has the potential to destroy our way of life. It really is our Achilles' heel. The worst part is that such an attack is being plotted at this moment, and our leadership seems oblivious.