1. Faber: The 'American Empire' has peaked, is on a decline
Hong Kong economist Marc Faber says "the average life span of the world's greatest civilizations has been 200 years ... Once a society becomes successful it becomes arrogant, righteous, overconfident, corrupt, and decadent ... overspends ... costly wars ... wealth inequity and social tensions increase; and society enters a secular decline."
http://www.marketwatch.com/story/12-dr-dooms-shred-2010-investing-optimism-2010-01-05?reflink=MW_news_stmp
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