This is not true. The United States of America has the largest total GDP however that is not used statistically to determine a country's wealth. Another statistic know as the GDP per capita is used and in this measure the USA comes in at 12th or so (from memory). Countries in the EU are definitely ahead of the US in this stake with Luxembourg having a GDP per capita of $83,000+.

The dollar value of the United States of America has fallen and will continue to fall as it reaches recessionary levels. However, this recession is coming. The reason? Simple economics (I would be happy to explain the actual macroeconomic explanation if there is interest) suggest that 'boom' and 'bust' cycles are a necessity in any economy to maintain price levels.

Australia is one country that really would benefit in the long run by a recession in the USA as inflation levels reach their peaks and interest rates hikes do nothing to curb spending.

No pain, no gain. And short term pain really would lead to some serious long term gain. Let's stop with the long faces my US brothers.