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another couple for the reading list
Marc Chandler, who is a higher regarded contributor to Seeking Alpha wrote Making Sense of the Dollar
For a take on the actual advantages of the American economy and it global position see George Friedman's The Next Hundred Years
Cullen Roche should be read by a lot of people. But to sum up his argument in the most simple language: it is absurd to compare the debt of a state like the USA with a family and its debt/credit.
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