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One Georgia Tech economist wrote a book entitled "Who Killed John Maynard Keynes?" My answer is: he did. He died of a heart attack at the Savannah Ga. meeting following the Bretton Woods conference that gave us the modern monetary system. He saw that Britain was passing world leadership to the United States. However, "the collapse of British power" was not simply the replacing of the pound with the dollar. I do not know the particulars of how Britain gave up its empire, but I suppose in large part the spirit of 1776 arose in all its colonies. The modern world is essentially empire-free. The Soviets tried and failed to build an empire, and the globalists will try to create a world central government, perhaps on the foundation of a world central bank. In fact I do believe that the mark of the beast is coming, but I believe a safe haven will be the American-Zionist coalition. American power is far from collapsing. The Japanese are frightened at the prospect of the yen replacing the dollar. Some Chinese would love for the yuan to replace the dollar, but Robert Mundell advised them: maybe in 100 years. I doubt the yuan will ever be a world currency. What about war debt? Someone advocating continual war will be forgiven based on the prosperity generated by America's military production of World War II. The war for Israeli dominance of the Middle East will be won, and Iraq may in fact become the most prosperous nation in the region as West Germany became the most prosperous nation in Europe after World War II.

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re: John Mark Coney John, what are you smoking? The Fed is doing everything in it's power to steer money out of money markets and into the troubled securities market. Only fools will follow the sheep in front of them. Our outsourced, foreign credit , smoke and mirrors economy is most likely set for a fall as long as the idiotic Bush tax cuts and aforementioned policies continue; quite simply, our population and economy are not large enough to militarily dominate the world, especially when our wars are fought on nothing but borrowed money and the only part of the nation doing any sacrificing are the military and their immediate families. Going shopping is not how you support the troops, at least not in a reality based world. As far as WWII generating prosperity, please remember in those days American corporations actually made things in America and in so doing employed Americans. Today's war merchants base themselves overseas, thus avoiding many taxes and employ as many third world(excluding Iraqis) laborers as possible and remember, in WWII taxes were raised to pay a large part of the war and the pain was shared by all. As far as Rober Mundell, who is he? I have no idea which currency or power will be dominant in 100 years, but it sure won't be us unless we backtrack from our policies of the last 25 years. No empire in today's world with the collapse of the Soviet Union? Why do we have military bases in more than 140 countries and spend more on our military(not even counting our wars in Iraq and Afghanistan) than the rest of the world combined? I suggest you read "confessions of an economic hit man", you will see clearly that the empires of todays are much less blatant in their show of force unless necessary and instead are sophisticated behind the scenes manipulators of debt and commodity control. With our over reliance and naive belief in the efficacy of military might and our own exceptionalism and ignoring the rising debt and crumbling infrastructure here at home we are following down the same failed path of now gone empires and resemble a man who does not notice his breath and complexion are bad, his gut is falling over his belt and has neither a personality or social graces but is blessed with an enormous, swaying penis which he is sure all the men envy and all the women are just dying to be serviced by.