Meltdown America: A Warning From Survivors
Jeff D. Opdyke
Wednesday, April 16, 2014
“Those who cannot remember the past are condemned to repeat it.” — George Santayana
There’s a perception in our country that America is so exceptional that the trials and tribulations — and outright social catastrophes — that rock other countries in the world simply cannot happen on our shores. We’re the biggest, the strongest, the richest. We are America. And we have divine immunity.
Ahh, the power of the mind to mask the facts we refuse to accept.
We are a deeply troubled nation, riven by political dysfunction, angst-ridden by social disquiet, addled by so much debt — more debt, $125 trillion, than ever accumulated in history — that we will never be able to completely repay it without radically devaluing the dollar or radically raising taxes and cutting government services.
Yet we watch meltdowns in other countries and never consider for an instant that, just maybe, something like that could happen here.
But we’re closer to that tipping point than you think.
Casey Research is launching a special video today called Meltdown America, which takes an in-depth look at three people who survived economic and political collapse in Yugoslavia, Zimbabwe and Argentina. Now, I know no one will think that America would ever devolve to such a degree that it would mimic the path of any of those three countries. But I will remind you that a century ago, America and Argentina were vying to hemispheric superiority … and Argentina lost because of asinine political choices within government.