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Daniel D's avatar

Whether it's a slow, steady decline like the UK or a sudden and spectacular collapse like the USSR, one thing is for sure: America will give future historians much to puzzle over. Just how did a country go from such stunning success and dominance (something like 60% of the world's goods were made in the USA after WWII and we had most of the world's gold reserves) to becoming the nation-state version of Enron, producing little but financial schemes and a currency backed ultimately by nothing? Gibbon's "Decline and Fall of the Roman Empire" will be a children's book compared to what will be written about America's self-destruction.

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Rascal Nick Of's avatar

I agree. America is entering what I am starting to believe will be akin to a biblical drought. It will probably last about 7 years. My hopeful prediction is that after this turmoil, the pain will lead to wisdom and resilience among the people, and our nation could make a seemingly miraculous recovery. Something like this kind of happened in the 70’s (though we are in MUCH worse financial shape than back then). One reason it may not be quite so bad is that it will be so much worse in all other countries, and we will probably be relatively better off.

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