David Roche Looming CrashUSA BBC07jul11BizDaily

This is clipped from the July 11 BBC Business Daily's retrospective on the Asian economic crisis, aired July 11.

The financial expert, Roche, looks forward and sees something that is now as certain as the climate change - the upheaval looming ahead in the world economic order.

Many, like me, saw it coming years ago.

It doesn't take any brains to figure it out.

Anyone extravagently spending borrowed money as fast as the U S has done, and anyone who consumes as much as the U S does, is, to use a cliche, headed for the cleaners.

You can print bonds and green backs.
You can't print leaves and flowers.

You can build skyscrapers and nuclear bombs. But leave alone a forest, try making a tree without using anything from nature.

It's a shame such inventive and good people who now populate that self-beseiged, self-deceived land should be hostage to the Gnomes of Lucre.