America’s Fading Hegemony and the New World Order

The useful part

At the end of World War 2, it was by far the most financially, economically, industrially, and militarily powerful country in the world. The Government's $40 trillion—and rapidly growing—debt can never be paid off. US welfare benefits are drawing immigrants who are at odds in every way to the existing population.

How it works

• If you use that analogy, we're moving into a time similar to Rome's mid-3rd century—a time of foreign wars, civil wars, wholesale bankruptcy, and societal chaos.
• It's no longer the country which promotes individualism, free minds and free markets.
• Rather, it's been captured by a gigantic regulatory bureaucracy which requires permission for most everything, while taking roughly 40% of the GDP directly and indirectly.
• The military is well-equipped, at gigantic expense, to fight 20th C wars, but totally ill-equipped to fight the kind of wars the US is provoking everywhere.

What to take from it

We're at the peak of the biggest financial bubble in history, and it's tech-driven. The bright side is that certain areas of technology are still advancing rapidly—at the moment.

Details worth keeping

America's Fading Hegemony and the New World Order Doug Casey The U.S. today is a very different country than it was in 1946. has devolved into a bankrupt multicultural domestic empire.