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The U.S. might enjoy overwhelming military advantage, but its relative economic power, which in the long run is almost invariably decisive, is in decline. The interregnum after the Cold War, far from being the prelude to a new American age, was bearing the signs of what is now very visible: the emergence of a multipolar world.

Through our own hard work and ingenuity, America has spent much of its history as the world's dominant economic power. But our dominance is not pre-ordained - history does not roll along on the wheels of inevitability.

Remember, America's greatness is based on creating wealth like the rest of the world has never known, and then, making sure it's shared throughout a middle class and even the underprivileged.

In war and in peace, in prosperity and times of economic hardship, America has no better friend or more dependable ally than the United Kingdom.

We have the largest economy and the strongest military in the world. Our core values of freedom and opportunity are ascendant around the globe.

There is no doubt that America remains the premier political, economic, military power in the world, and I both expect and count on it remaining so, because I think that's certainly in our best interest but also the best interests of the world.

In this era of uncertainty and conflict, the United States - blessed with the world's strongest military, most ingenious economy, and most tolerant society - remains a model and leader to the world.

Americans assume that we never go to war to sustain our wealth, because war must be understood as a moral enterprise commensurate with our being a democracy.

America has much greatness left in her.

By the end of World War II, we were the most powerful and least damaged of the great nations. We also had most of the money. America's hegemony lasted exactly five years.