A great post on ZeroHedge outlying its thoughts on the transformation of the US from being the worlds leading economy to its demise to a 3rd world country. Some of the topics discussed are

Accelerating Concentration of Wealth

Looming Fiscal Crisis

Dominant Corporate Influence

Impact on the Rule of Law

Destructive Tax Policies

Notice anything about the chart below ? Every period of expansion of debt is followed immediately by a war. Coincindence or not, hmmmm.

The United States increasingly resembles a 3rd world country in terms of unemployment, lack of economic opportunity, falling wages, growing poverty and concentration of wealth, government debt, corporate influence over government and weakening rule of law.  Federal Reserve monetary policies and federal government economic, regulatory and tax policies seem to favor the largest banks and corporations over the interests of small businesses or of the general population.  The potential elimination of the middle class could reshape the socioeconomic strata of American society in the image of a 3rd world country.  It seems only a matter of time before the devolution of the United States becomes more visible.  As the U.S. economy continues to decline, public health, nutrition and education, as well as the country’s infrastructure, will visibly deteriorate.  There is little evidence of political will or leadership for fundamental reforms.  All other things being equal, the U.S. will become a post industrial neo-3rd-world country by 2032.