The EU As a World Power

EIN News says, "EU Draws Up Plans to Establish Itself As 'World Power'. The European Union has drawn up secret plans to establish itself as a global power in its own right with the authority to sign international agreements on behalf of member states. (telegraph.co.uk)".

This is rather a silly statement. The EU is already a World Power. However, I believe the main point of the EU is to increase its "federal" power at the expense of the individual countries. This is similar to what is going on in the US, with Obama's program to establish a dictatorial federal government and minimize power to the individual states.

Let us hope that the EU Administration is successful in their endeavor, because Europe will then have an oligarchic/socialist government, which has historically been known to fail. If the US follows the same route, it will also fail.

However if the US follows a policy of returning to fiscal restraint, with accent on capitalism and minimizing federal government, the US can retain its position of being a world power.