Death of empires: History tells us what will follow the collapse of US hegemony

Guest Post by Henry Johnston

One of the curious features of the American landscape is the fact that these days the financialization of the economy is widely condemned as unhealthy, yet little is being done to reverse it. There was a time, back in the 1980s and ‘90s, when finance-driven capitalism was supposed to usher in a time of better capital allocation and a more dynamic economy. This is not a view one hears often anymore.

So, if such a phenomenon is overwhelmingly viewed negatively but isn’t being amended, then perhaps it’s not merely a failure of policymaking but rather something deeper – something more endemic to the very fabric of the capitalist economy. It is of course possible to lay the blame for this state of affairs at the feet of the current crop of cynical and power-hungry elites and to stop one’s analysis there. But an examination of history reveals recurrent instances of financialization that bear remarkable similarities, which invites the conclusion that perhaps the predicament in the American economy in recent decades is not unique and that the ever-rising power of Wall Street was in a sense preordained.

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Why Americans have little to smile about these days

Guest Post by Robert Bridge

Rising cost of living, disappointment with political leaders, and crushing loneliness are souring moods in the Land of the Free

From a sputtering economy and high inflation to a lack of trust in political leadership, Americans are expressing displeasure with many facets of their daily lives.

In the annual World Happiness Report, the United States plunged eight places to 23rd, a historic low for the land famous for its pearly white smiles. It’s the first time since the report launched back in 2012 that the US did not feature among the world’s 20 happiest countries.

So what’s dragging Americans down? Perhaps the best place to start is with the economy, which has left many people in the dust as the rich just keep getting richer. Consumer prices for basic grocery items remain above what they were in January 2021, when President Joe Biden assumed office. Prices for chicken (+26%), bread (+30%), sugar (+44%), and butter (+27%) are enough to trigger many shoppers, while a simple trip to a restaurant has become a rare luxury for many financially strapped consumers. Meanwhile, rent costs have surged by 20% over the same period.

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Imperium: Decline on the Way to Fall

Guest Post by Patrick Lawrence

President Joe Biden delivers remarks announcing CHIPS and Science Act grants to Intel to expand U.S. semiconductor production, Wednesday, March 20, 2024, at the Intel Ocotillo Campus in Chandler, Arizona. (Official White House Photo by Adam Schultz)

 

I just read a most remarkable piece in The Seattle Times—remarkable for its bluntly nihilistic candor. The headline atop Ron Judd’s August 2021 essay for The Times’s Pacific NW Magazine gives a good idea of the writer’s point: “The decline of American civilization.” And the subhead: “There’s more bad TV than ever; it’s available everywhere; and it’s making us fat, lazy, selfish and stupid.”

News sometimes seems to travel slowly in these parts, but never mind that. If Judd’s observations were pithy three years ago, they have the gravitational pull of Jupiter as we read them today. Here is Judd bringing home his thesis:

Based on our current state of national dysfunction, cultural warfare and garden-variety public psychosis—more on this after a few commercial messages urging you to ask your doctor about a new wonder drug, Byxfliptaz—it’s undeniable that the mainstream American today possesses all the crisp, mental faculties of a Jell–O salad left too long out in the sun at an August picnic at Marymoor Park.

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Democrats Destroying the United States – Here Comes the Recession

Guest Post by Martin Armstrong

MigrantCaravanThe stats are in, revealing that Biden has flooded the nation with over 6.4 million illegal immigrants who have entered the U.S., bringing the total to now 13.7 million that the government must support. They bankrupting cities, raising crime like never before since countries are tempting their prisons and shipping them to Bidenville. The number of recorded immigrants flowing through the border is about 172,000 per month, and that does not count those whom Biden has been secretly flying in to hide the actual NUMBER.

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America – at War with the World

Guest Post by Vernon Coleman

I have many American friends and I admire a great deal about America. But I suspect that many Americans, even or maybe especially the most patriotic, will agree with what I have to say in this short essay, which is taken from my book ‘Their Terrifying Plan’:

`Look back and it is clear that America has now been at war with the rest of the world for around 80 years. The designer or proxy war against Russia, taking place in Ukraine, followed, almost seamlessly, after the disastrous and damaging war in Afghanistan. which was a disaster to start with, a disaster throughout and a disaster at the end. Huge numbers of Afghans and Americans died for absolutely no reason and billions of dollars were wasted. As usual, no one has ever been sacked or held accountable.

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Here are More Signs That the US Empire is in Decay…

Guest Post by Chris MacIntosh

The story below should have been front page news. Instead, it’s been suppressed to the maximum extent.

You probably didn’t see this but an active duty US Air Force soldier committed suicide in front of Israeli embassy in Washington, DC by dousing himself in gasoline and lighting himself on fire in protest of US support of Israel according to Jerusalim post.

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Tucker Carlson compares US to Roman Empire

Via RT

Allowing illegal migrants into the US military as a means of granting them citizenship will lead the country towards inevitable collapse, former Fox News host Tucker Carlson said in a video posted on X (formerly Twitter) on Tuesday.

In the clip, Carlson recalled the fall of the Roman Empire, stating that while historians have long debated the reasons for the collapse of one of history’s most powerful empires, one fact has been “pretty obvious.”

“The roman military, its legions, became dominated by non-citizens, who in the end, because they weren’t loyal to Rome, turned against Rome’s citizens,” he explained.

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GOLD – WE HAVE LIFTOFF!

Guest Post by Egon von Greyerz

All Empires die without fail, so do all Fiat currencies. But gold has been shining for 5000 years and as I explain in this article, Gold is likely to outshine virtually all assets in the next 5-10 years.

In early 2002 we made major investments in physical gold for our investors and ourselves. At the time gold was around $300. Our primary objective was wealth preservation. The Nasdaq had already crashed 67% but before the bottom was reached, it lost another 50%. The total loss was 80% with many companies going bankrupt.

In 2006, just over 4 years later, the Great Financial Crisis started. In 2008, the financial system was minutes from imploding. Banks like JP Morgan, Morgan Stanley and many others were bankrupt – BANCA ROTTA – (see my article First Gradually then Suddenly, The Everything Collapse)

Virtually unlimited money printing postponed the collapse and since 2008 US total debt has almost doubled to $100 trillion.

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Why War is Inevitable & the Outcome

Guest Post by Martin Armstrong

One of the basic rules of war is that you always keep two fronts going simultaneously. The first is the obvious battlefield. However, the second is communication. Suppose you DO NOT keep communication open through the back channels. In that case, there is NEVER the possibility of PEACE, and the war then becomes concluded only when one side is obliterated. This is what has taken place, and the demonizing of Putin is HIGHLY dangerous, for it shows there is no intention of peace. You cannot keep calling someone a piece of shit publicly and then expect the people to accept a reversal of that policy.

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AMERICA’S JOYOUS FUTURE

This outcome was not an accident. It has been the plan all along. The plan was designed decades ago with the sole purpose of the few owning everything and the many being debt slaves, addicted to alcohol, drugs, manufactured toxic foodstuff, welfare mindset and technology. It has been an astounding success, with the ignorant masses never noticing, and convinced this is normal.

Via Western Rifle Shooters

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The American Political Crisis

Guest Post by Paul Craig Roberts

The GEOFOR editorial board asked Paul Craig Roberts, Chairman of the Institute for Political Economy (USA), a PhD in Economics and US Undersecretary of Treasury in the Reagan administration, to give his assessment of the political situation in the US and whether a candidate other than Biden could result in a more reasonable US policy toward the rest of the world, and here is his reply.

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Money for Nothing and Nothing for Money

Guest Post by Jim Kunstler

“Society lives and acts only in individuals…. Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way out for himself if society is sweeping towards destruction. ”Ludwig von Mises

Remember, you are a sovereign individual and the blob in our nation’s capital city is an undifferentiated mass of feckless protoplasm. You contain a cosmos of ideas and aspirations. The blob is an agglomeration of sham and failure. The blob stands for itself, not for our country. You and I can stand for our country.

Remember, also, that the economy of our country at its best was the sum of choices made by sovereign individuals, while the economy of the blob is a gelatinous buildup of unsound hypothesis having nothing to do with the pursuit of happiness. We sense this in the menacing rumors of a Federal Reserve digital currency, which entails the rehypothecation of our hopes and dreams into the blob’s waste-stream, turning everything we do — it can’t be put delicately — into shit.

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The Era of the West Has Passed

Guest Post by Paul Craig Roberts

Globalists, who intend the destruction of sovereign nations, have labeled concerns with mass immigration to be racism as a way of discrediting the concerns and preventing discussion of the threat.  Immigrant-invaders, or as the euphemisms “refugees” and “asylum seekers” label them, are used to overwhelm ethnic nationalities and turn them into towers of babel in which there are no common interests, values, morals, religion, or culture.

A tower of babel is not a nation.  At best it is a geographical location, but it is not even that if it has no borders, which the US and Europe do not have.

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What were Romans thinking as they watched Rome collapse?

Guest Post by Paul Craig Roberts

I have often wondered what Roman citizens thought as they watched the Roman Empire fall apart culturally, politically, morally, and militarily.  Cicero, quaestor, praetor and Counsel of Rome, tried to save the Roman Republic.  For his efforts he was chased down and murdered.  As Cicero was, perhaps, the most famous Roman, his murder stopped efforts to prevent Rome’s descent into tyranny.

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The New National Pastime: Blob-ball

Guest Post by Jim Kunstler

“The similarities between the late 1980s USSR and present day USA are uncanny — the endless lies, the corruption, the hollowing out of institutions, the censorship, and the decrepit leadership that is despised by the public.”Dr Toby Rogers

The blob ran a clever third down lawfare play deep in its own territory Thursday night, a sort of double-reverse statue of liberty counter-switcheroo in its game-plan to “save our democracy,” as it calls its agenda of suppressions, persecutions, swindles, bad trips, and mind-fucks laid on the sore-beset people of this land. Blob special prosecutor David C. Weiss finally managed to indict Hunter Biden on tax evasion charges so flagrant and obvious that all the ham sandwiches convicted for the Jan 6 “insurrection” watched in awe from their prison cells.

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Ukraine Another Historic U.S. War Failure a la Vietnam, Iraq, Afghanistan and More

Via Strategic Culture

The war-indebted U.S. empire is faltering towards its historic and final demise. Every empire has its day in the sun.

Secretary of Defense Lloyd Austin makes remarks at a virtual Ukraine Defense Contact Group (UDCG) meeting, Wednesday, Nov. 22, 2023, at the Pentagon in Washington. (AP Photo/Cliff Owen)

 

The U.S.-led NATO alliance held its first NATO-Ukraine Council meeting this week in Brussels. As usual, the cliched promises of supporting the Kiev regime to the end were trotted out by all and sundry.

In truth, these NATO events for Ukraine, and more generally, are becoming yawn fests.

The whole sordid charade is only postponing the reality that the proxy war in Ukraine against Russia is a debacle for the Western powers. This is not something to gloat over. It is a tragedy and an abomination.

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