Why America Fell So Far … So Fast

Tuesday, May 7, 2013
By Paul Martin

WashingtonsBlog.com
May 7, 2013

All Empires Crash Soon After They Reach Their Peak

Thomas Edison said, “Dissent is the highest form of patriotism.” And because I love my country, I frequently criticize America’s shortcomings in the hopes of making her better.

But the truth is that the United States is not unusual … it is just like all other empires which have hit their peak and then quickly crashed.

We noted in 2008:

Political insider and veteran reporter Kevin Phillips has documented that every major empire over the past several hundred years has undergone a predictable cycle of collapse, usually within 10 to 20 years of its peak power.

The indications are always the same:

- The financialization of the economy, moving from manufacturing to speculation;

- Very high levels of debt;

- Extreme economic inequality;

– And costly military overreaching.

The Rest…HERE

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