David Murrin Says Obama Leading America to Rapid Decline; Says Obama Projecting "Weakness" to America's Adversaries - Video 3/24/10
Here is video of David Murrin - CIO of Emergent Asset Management, and author of "Breaking the Code of History: A Map for the Future" - appearing on CNBC's "Squawk Box Asia." He said President Obama's drive to "bring the underclass to the fore in society" (redistribute the wealth) will not be "new hope," but rather "the beginning of the end" of American strength and dominance in the world:
"To understand some of the big changes we're going through, sometimes long-term history impacts the now, and we're in it - like a schism, like two tectonic plates that suddenly shift after a hundred years of energy building up. And that's really the end of a Western Christian Empire - it's bigger than the end of the British Empire, the American Empire - it's the sum of all the Christian Empires for nearly 900 years - and America is the last one, and when the last one changes and declines, which is imminent, it will be very rapid. It's the end of a whole system.
At the same time, the system that rises challenges far quicker as it moves into the vacuum created by the old system, and that's the East. So, we all know there's going to be a change, the surprise will be the rate of that change.
And we view the new administration in America as "New Hope." Unfortunately, if you look at historical precedents of underclass, and the mechanisms of an underclass coming to the fore demographically, it is not "New Hope," it is the beginning of the end. And we're seeing that very quickly take place."
On President Obama's decision to not put the missile-defense shield in Poland:
"I think the refusal of Obama to commit to the missile-defense system in Poland was a terrible sign to the adversaries of America - they saw it as weakness. And in fact if you look at Chinese policy since - and the articulation - it has been far more aggressive and expansive. So the moment the incumbent shows its inability to project power and use the power it has, the challenges move forward very quickly."