Collapse of the American Empire: swift, silent, certain

One of the disturbing facts of history is that so many civilizations collapse,” warns anthropologist Jared Diamond in “Collapse: How Societies Choose to Fail or Succeed.” Many “civilizations share a sharp curve of decline. Indeed, a society’s demise may begin only a decade or two after it reaches its peak population, wealth and power.”

Now, Harvard’s Niall Ferguson, one of the world’s leading financial historians, echoes Diamond’s warning:

Yes, America is on the edge.

Monopoly Dot-Com Edition: Like playing net stocksMarketWatch’s Rex Crum and Shawn Langlois play the dot-com edition of Monopoly and, like the day-traders of the dot-com boom, end up bankrupt. Dismiss his warning at your peril. Everything you learned, everything you believe and everything driving our political leaders is based on a misleading, outdated theory of history. The American Empire is at the edge of a dangerous precipice, at risk of a sudden, rapid collapse.

Ferguson is brilliant, prolific and contrarian. His works include the recent “Ascent of Money: A Financial History of the World;” “The Cash Nexus: Money and Power in the Modern World;” “Colossus: The Rise and Fall of The American Empire;” and “The War of the World,” a survey of the “savagery of the 20th century” where he highlights a profound “paradox that, though the 20th century was ‘so bloody,’ it was also ‘a time of unparalleled progress.’”

Read Entire Story in Market Watch

American Empire

Related posts:

1. Collapse of the euro is ‘inevitable’
2. Church leaders remain silent while Palestinian Christians suffer at the hands of the Muslims
3. Native American' protesters to US: Give us back Manhattan
4. American People Stood Up to Bring Down Van Jones
5. American government website 'ignores Jews'

Tags: America, cash nexus, financial collapse, Monopoly, United States