Why it’s quite simple being almost 16 trillion dollars in debt, which means the American dream and informal empire is quite frankly doomed. There is no way in hell that’s ever going to paid off without a massive decrease in spending while at the same time raising taxes to punitive levels.
So like all great empires and that is what America really is lets not lie to ourselves it has reached it’s twilight years and has become unsustainable. I suppose it’s Zenith came with the Vietnam war and just prior to the 1973 oil shock it really has been a slow decline ever since.
It really is sad but now America will soon discover it can no longer afford the vast military might that has sustained it’s place under the Sun and this will over the next few decades slowly be reduced until America becomes merely a regional power in the world. I know Americans will not accept this and will no doubt curse me for it but it’s what happened to my own country the UK. Broke and massively in debt after WW2 it insanely decided to implement a very costly health care reform at a time it could least afford it, and something had to give and that was it’s empire and military might and it’s pride was humbled.
Now America has reached the same place it will soon have to abandon it’s costly new health care reform or be doomed to a lingering death. Already America is refocusing it’s assets on the Pacific region while cutting back it’s military this is just the beginning of the end I’m afraid.
Oh you may cry you are not finished yet and there is the America spirit of get up can do and inventiveness but alas that is in the past your debt and ever increasing government interference with red tape is making it harder for the little guy to create those much needed new jobs. I’m sorry you really are screwed and decline is now inevitable you can see it in the crumbling infra structure the increasing corruption and ignoring the rule of law. Even the Tea Party can only slow the tide of decline because real power resides elsewhere and they do not wish to fix things just grab more and more of the share of the wealth.
Is this decline fixable maybe and I can only see one way out and that is to stiff everyone who hold US government debt with a massive default either in whole or in part. However that will upset the real rulers of the USA and somehow I don’t think they wish to relinquish their hold over the people.
So what will be the consequences of this decline I can see one last major fling of the military dice such as the UK did with Suez in 1956 which will result in the same result, humiliation either financially or militarily for the USA (probably Iran or China), massive civil unrest and even the US military is being prepared to be used against Americans on their home soil, hyper inflation as one last gasp of QE is tried exacerbating the situation, eventually America could break up into four or more parts (Heinlein predicted this back in the 1980’s in his book Friday).
Well I’m not gloating cause I live in the USA and don’t want or wish it to happen but there is a certain inevitability to it, the point of no return was passed a long time ago and no one noticed and it won’t be without moments of hope and revitalizing of the economy but the trend ultimately is downwards no empire lives forever.
I shall leave you with one last prediction from my own Cassandra “America will ultimately fight a very big war and it will stand alone, it shall no longer have any allies or friends in the world and it will lose and the price will be a large part of the Western seaboard, the government will fail at last and anarchy shall rule, your salvation shall come from overseas from the mother country and order and democracy will be restored anew but the first Republic will be no more”. See the Fox’s prophecy as to what happens to the mother country first and it it will be no bed of roses either.
http://monologues.co.uk/Dramatic/Foxs_Prophecy.htm
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