Natural resources benefit only the few people who extract and export them.
Human capital means you have many skilled workers, who earn a lot of money for themselves, as well as provide more & better goods for the rest of consumers and higher income for investors.
If you want an example, Japan...
Gadgets are useful to people who are smart enough to figure out how use them instead of breaking them by pointless poking.
Do you work for JCPenney? They are running anti-gadget X-mas commercials now. They want people to be enarmored with their Martha Stewart products.
no war. what's the point? US wealth is in the economy, not in land or resources. war will hurt the economy even more than debt.
the worst that could happen is US defaulting on it's debt, which will mean tough times for a few years, but then things will pick up. The strength of US is ability to...