“Do not underestimate the power of a dying lion, for he may strike with unimaginable force.” We’ve grown accustomed to regarding the US as the most powerful country on earth. Since the end of World War II, it’s been the economic powerhouse that’s dictated terms to the rest of the world. War production created the world’s most modern factories, allowing for a postwar boom in manufacturing goods of every description. The fact that the US held two-thirds of the world’s gold by the end of the war enabled it to dictate that the US dollar would be the default currency … Continue reading Running on Empty