In this gripping pamphlet the author questions the arrogant affirmations of US omnipotence peddled by its corporate manacled press, radio and television media. The essential thrust of this major contribution to the political economy of global power is to describe and analyse the extent to which the wholly corrupt, demoralised and criminalised structure of American imperialism is being battered and swiftly undermined by one of the most tenacious world economic depressions of all times.
The author investigates the role of the current depression and the crumbling of empire that is inseparable from the swelling debt that permeates every niche of American capitalism and which, in both the short and medium term, is unsustainable. A process of indebtedness that he contends could reach a breaking point stemming from its current wat of conquest in Iraq.
