The US is imploding due to excessive dollar creation. The Fed is creating fake money as computer bits and bytes, giving it to government owned banks like BofA and Citi, then demanding they buy treasury bonds to keep what's left of the greenback afloat. The value of the dollar is in freefall on the world market and the price of gold is skyrocketing, now solidly above $1200/oz. The only good news is that the new US President isn't pulling any troops out of the ME and is in fact sending more. There are more US troops in the ME today than there were on the last day of the Bush presidency with more on the way.
Italian FM arrives in Iran to promote economic, political ties (Reuters)
from the article: U.S. falls short in bid to gain support for Israel's settlement freeze