from King World News:
Leeb: “The U.S. is losing control of a lot of their critical assets around the world, including the Middle East and Europe. One of the things that has kept the U.S. dollar as the world’s reserve currency is the military might and the economic might of the United States. But now we see things like this radical Islamic group marching on Baghdad, and this is after taking over the second largest city in Iraq….
Iraq is now in the process of becoming three countries and the U.S. cannot control it. The U.S. is also have major issues in Afghanistan and eastern Ukraine. In fact, it seems the United States can no longer control anything Russia does. Russia is free to do virtually whatever they want.
The U.S. also desperately needs commodities. Every year the USGS does a survey on commodities where they look at the supply of all global commodities. Every year the number of commodities that the U.S. has to import 50 percent to 100 percent of is rising. This is a sign of growing weakness on the part of the United States.
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