The period during the first 10 years of the 21st Century when the
United States and Western
Europe experienced severe financial mismanagement, executed dubious Middle East military expeditions, and purchased goods from foreign countries with unbounded borrowed
money.
"The Great Squandering focus on terrorism was sleight-of-hand distraction away from the economic threat of China. We've been fooled. And as long as American'
s continue to bask in the luxury of fighting against each other, there'
s an increasing probability that our great-grandchildren
will be speaking Chinglish."