Europeans Ridicule America's Money Meltdown

This was the Drudge headline recently. I find it so interesting that the Europeans consistently underestimate the good ol' U.S. of A.

One of the basic tenants of capitalism is creative destruction. We are going through one of those periods now. You are witnessing no less than a complete revision of American capitalism - in conjunction with the spread of globalization. Firms have to have the capital and risk profile to compete in the world economy.

THIS IS A GOOD THING!

You will see the United States come out of this stronger and more capable to compete on the global stage.

As they have said in history - "The demise of the United States is greatly exaggerated."

I predict that in several years you will once again hear the Europeans complain about the hypersuccessful Americans.