Economic

" ... Britain ruled the world for nearly two centuries. When it passed on the mantle of the global hegemony to Washington somewhere in the 1940s it seemed Pax Americana would be around for much longer. The latest US Fed decision to cut interest rates to nearly zero and a subsequent fall of the dollar raise serious questions about the future of the world’s only remaining superpower. Critics have long warned of the weaknesses that could force the US economy into a terminal decline. ... "

Future of Dollar Hegemony
http://www.khaleejtimes.com/DisplayArticle.asp?xfile=data/editorial/2008/December/editorial_December37.xml&section=editorial&col=