A very disturbing view indeed.

With America’s troops mired in Iraq, with its intelligence services in disarray, with the political opposition gaining strength, President Bush’s war policy seems to have run its course. America’s fumbling weakness is now apparent. It will soon be child’s play to thwart America’s policy in the Middle East, to exploit America’s irresponsible financial policies and habits at home. The truth be told, the United States has become a hollowed-out, ill-disciplined country headed for financial, diplomatic and military ruination.

* * * *

. . . Major wars are between major powers. This preoccupation with the small, insignificant dictators, terrorists and mullahs will prove fatal.

"The Fatal Befuddlement." By J. R. Nyquist, Financial Sense Online, 7/14/06 (emphasis added).