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."