I don't foresee any imminent demise of our economy, but I do think it's coming. The thing is, I've thought it was coming since about 2001. So, it could well be 2050 or more. My goal would be to start seeing a drop in debt: GDP ratio to get it back under 1, but even that is .... unlikely.
yeah well that's the thing- almost no one sees the collapse coming- it just comes. only a very small handful of people saw it coming in 2007.
The US Empire is the worlds greatest super-power and has been since the close of WW2- but there is no denying we are in decline while others (mainly China) are on the rise. And we are no longer living in a unipolar world where the US was the only world power after the collapse of the Soviet Union. We are in a multipolar age- where China has a real say in things now and Russia to a lesser extent as well. US has to learn how to get along with the rest of the world and has to come to grips with the fact that we are no longer the lone king shit and whatever we say goes. Sooner that happens the better it will be for this country and the rest of the world at large.
We won't be the worlds heavy hitter forever and this country may not even exist forever. At some point it could fall- like every empire before it has. Majorian reformed & restrengthened the Western Roman Empire and in 461 before he died it was humming along in better shape than it had been in decades- and then just 15 years later.....poof. My guess is people living at the time didn't think that it would collapse so suddenly- but it did. Ditto people of the Soviet Union in the late 80s.
And I am afraid as hell and truly believe that any US ground invasion into Iran and trying to overthrow that regime and occupy that country could trigger the rapid decline of the US faster than any of us could ever imagine. You're talking adding countless trillions to an unsustainable debt and probably tens of thousands of American lives lost trying to pull something like that off. If anyone here remembers- Bush & Cheney
desperately wanted to invade Iran in 2007 and Pentagon and intelligence agencies told them- yeah we can't do this we'll assuredly lose and we
do not have escalation dominance. Cheney was pushing hard for it- and the Pentagon and CIA talked Bush out of it. We know a lot of this because of people involved- one of which was former CIA director and head of NSA General Michael Hayden have spoken openly about it.
Bush‘s administration concluded that a military strike on Iran’s nuclear facilities would be a bad idea — and would only make it harder to prevent Iran from going nuclear in the future, former CIA and National Security Agency (NSA) chief Gen. Michael Hayden said Thursday."When we talked about this in the government, the consensus was that [attacking Iran] would guarantee that which we are trying to prevent -- an Iran that will spare nothing to build a nuclear weapon and that would build it in secret"If they couldn't pull off ground invasion or even air strikes in 2007 with large forces already deployed in huge US military bases in occupied Afghanistan and Iraq (Iran's next door neighbors) and
only $9 trillion in debt- zero shot they could do it today vs what would be a much tougher opponent today as compared to 2007- and with no bases right next door on either side and $37 trillion in debt- and with an incredibly even more hollowed out US manufacturing and industrial base as compared to 2007- and with US weapons stockpiles and reserves depleted thanks to Oprah Winfrey style give aways (YOU GET A BOMB, AND YOU GET A BOMB, AND YOU GET A BOMB!) to Ukraine for the last 3+ years and to Israel for the last 2 years. Would be an absolute unmitigated disaster that would trigger a collapse.
