4 ms·
The American Empire is on its way down by a confluence of apathy, corruption, inequality, anti-community, overstretched military / spending, lack of lofty goals
by failwhaleshark 6y ago
The American Empire is on its way down by a confluence of apathy, corruption, inequality, anti-community, overstretched military / spending, lack of lofty goals and successes, and ascendancy of rivals like China and India.
As such, more and larger absurd man-made (mostly negligence/selfishness) catastrophes will occur in America, engineered by the cognitive dissonance of insulated true believers over-stretching their capabilities while trying to wallpaper over the risks and dire circumstances of reality everyone else was already experiencing. (K-shaped recovery.)
Many people anticipated 2008. In 2005, I recall talking with a former manager who was on an interest-only loan while he sat on his 2nd flipped house as it rapidly appreciated. The gambit was to refinance immediately to a fixed loan just as soon as there was any clear weakness in the economy.