The once rich and powerful ntion called America “The Great” is neither rich nor all that powerful anymore. Her wealth is dissappearing. Her power is fleeting. Her global standing in falling. And her sway over the world is being broken.
…”The Holy Qur’an refers to America in this kind of prophecy: “When her doom comes there will come one calamity after another.” As soon as she thinks she is getting over the sore made by a previous calamity, another will attack her.
Who would have thought that this could happen to the great goliath that made the nations tremble and shake in fear of her wrath? Who would have thought that the big power (America) would suffer such disgrace in this day and time? This is to teach you and me, Black brother, that the great power (America) is becoming weak and she is falling.
She is a beggar. She must beg the nations to buy her debt to fund her very existance. She has indeed fallen such a long way ver swift and fast. The book puts it like this when concerning the nations retreating from alliances and trade pacts with America in this time…”‘And the nations (Europe and Asia) stood afar away off for fear of her burning
(U.S.A.) And for fear of her Divine Plagues.”–pg.188(tfoa)
U.S. manufacturing slowed for a second straight month in May as weak overseas demand and government belt-tightening at home led to the sector’s most sluggish rate of growth since October, a survey showed on Thursday.
Financial data firm Markit said its “flash,” or preliminary, U.S. Manufacturing Purchasing Managers Index fell to a seven-month low of 51.9 in May from 52.1 the previous month. A reading above 50 indicates expansion.
The output subindex slipped to 52.8 from 53.7. The pace of hiring slipped to 52.2 from 53.2, the slowest since October.
“Slower growth could be linked to a combination of fiscal drag hurting demand at home while at the same time many export markets remain in fragile states. The latter led to a renewed decline in export orders in May,” said Chris Williamson, chief economist at Markit.
That, he added, suggested manufacturing’s boost to U.S. growth in the second quarter would be modest at best.
Overall economic growth accelerated in the first quarter but as since lost some steam, according to recent data, repeating a pattern established over the past two years.
Federal Reserve Chairman Ben Bernanke, in remarks to Congress on Wednesday, gave no sign that the central bank was ready to retreat from the aggressive stimulus it designed to keep long-term interest rates low and boost growth.
The “flash” reading is based on replies from about 85 percent of the U.S. manufacturers surveyed. Markit’s final reading will be released on the first business day of the following month.