ART CASHIN: If America Is Anything Like History’s Great Civilizations, Then This Is The Beginning Of The End
Mar 20 2013
In an interview with Charlie Rose last week, GMO’s Jeremy Grantham reminded us that civilizations have historically collapsed after around 250 years.
Now, UBS’s Art Cashin is talking about the same thing.
“Martin Armstrong has just issued a 46 page report titled “The 224 Cycle of Political Change. Is 1789 – 2013 Really Here?”” writes Cashin in a note this morning.
He went on to republish a comment he made in June 2011. Here it is (emphasis ours):
That “Made Up” Quote Looks Truer And Truer Each Day – The continuing loud cautions of “Don’t Tread On My Entitlements”, and the imminence of a majority of voters not paying any taxes, recalls yet again the rather prophetic but apparently fictitious quote of Alexander Tytler.
According to many internet sources, Tytler is reputed to have published this stunning quote in a book called “The Decline and Fall of the Athenian Republic” (ironically said to have been published in 1776 when something interesting was happening across the pond).