Weimar America will probably fall in less than 15 years


There is an excellent article at:

http://28sherman.blogspot.tw/2014/09/weimerica.html

and you should read the whole thing, including its comments. But I am going to disagree with one of the comments.

The initial post concluded with:

Weimar’s decadent culture lived a short Gotterdammerung. Ours will too. Weimerica will come to an end, and when it does, someone must be there to restore order.

A commenter wrote:

That day will likely be coming in 15-20 years.

Our current social democracy is based on a big assumption: that there is a large middle and upper class white tax base to fund lavish social programs. …

Anyway, the big assumption is a bad one: white people aren’t doing much breeding these days and the middle class white tax base will start dying off…

So the next step is to keep borrowing. Soon our debt to GDP ratio will shoot past 120%, then 130%, and so on until it gets to the point where we struggle to pay the interest. Our current leaders got into their positions by promising more handouts so they won’t be making any hard decisions. It will be a tipping point: slash expenses or go into default.

I don’t think it’s going to take 15 years. John Williams of Shadowstats.com believes there will be hyperinflation before the end of 2014! Other pundits claim that the US will avoid hyperinflation only by default, which might be equally disruptive.

Even if he is wrong, take a look at the following:

http://www.economicpolicyjournal.com/2014/09/navy-veteran-sets-fire-to-chicago-air.html

A former Navy man, early this morning, cut radar feeds and set them on fire at a suburban Chicago air traffic control center. The action brought two of the nation’s busiest airports, O’Hare and Midway airports, to a halt.

The veteran was a contract employee. He was found with multiple self-inflicted knife wounds and burns at the center. According to ABC News Chicago, the man had routine access to the facility and intimate knowledge of radar. He was in the Navy from 1996 to 2000.

By late afternoon, nearly 1,800 flights in and out of Chicago alone had been canceled. A few flights began taking off and landing again around midday, after a nearly five-hour gap. The planes were moving at a much-reduced pace, officials said, and no one could be sure when full service would resume.


http://rt.com/usa/190856-pentagon-undocumented-immigrants-recruit/

The Pentagon is to start recruiting undocumented immigrants who came into the US as minors and possess valuable skills like speaking Persian and Chinese.


http://www.politico.com/magazine/story/2014/09/child-laborers-in-america-in-2014-111027.html

A Human Rights Watch report released in May documented the dangers to children working on American tobacco farms based on a year’s research and interviews with 141 child tobacco workers, ages 7 to 17, in the country’s four largest tobacco-producing states: North Carolina, Kentucky, Tennessee and Virginia. Tobacco grown in these fields is used to produce popular cigarette brands, including Marlboro, Pall Mall and Newport. Nearly three-quarters of children interviewed reported feeling sick—with nausea, vomiting, headaches, dizziness, difficulty breathing, or other serious symptoms while working in tobacco fields. Many of these symptoms are consistent with acute nicotine poisoning, also known as Green Tobacco Sickness. A 2007 Journal of Public Health review of public health studies found that non-smoking tobacco workers have as much nicotine in their bodies as active smokers.

Most of the children we spoke to labored for 50 to 60 hours a week in sweltering heat, often without shade or adequate drinking water. They plant seedlings, weed tobacco fields and work among tall tobacco plants, breaking flowers off the top of the plants and removing leaves called “suckers” that reduce the yield and quality of the tobacco. In Kentucky, Tennessee and Virginia, children often hand-harvest tobacco plants by cutting them with small axes and spearing the stalks onto long sticks with pointed ends. Some climb high into the rafters of curing barns to hang heavy sticks of tobacco to dry. Many children described how pesticides—known neurotoxins that can cause long-term and chronic health problems—drifted over them as tractors sprayed in the fields where they worked, causing their eyes and skin to itch and burn.


http://www.bloomberg.com/news/2014-09-25/top-china-arms-maker-goes-global-with-cheaper-tanks.html

Norinco’s sales have expanded faster than any other major defense company over the past five years, surpassing Lockheed Martin Corp. (LMT), maker of the F-35 fighter, and General Dynamics Corp. (GD), which produces Abrams tanks. The company’s $62 billion in revenue and 275,000 employees embody the clout of China’s defense industry as the party pours hundreds of billions of dollars into the People’s Liberation Army and molds Mao-era weapons makers into growth-driven conglomerates.

Non-defense units of sprawling Norinco often benefit as it courts buyers of bargain-priced weaponry, gaining an entry point to sell their products to the same customers.

Cheaper Systems

“The Chinese systems are simply cheaper, they are reliable, and they are tailored to the conditions of developing countries,” said Anthony Cordesman, a national security analyst at the Washington-based Center for Strategic and International Studies. “As the systems get more sophisticated, they will undercut Europe and the U.S. and compete with Russia.”

With foreign sales of $7.4 billion over the past five years, China overtook France in 2013 to become the world’s fourth-largest arms exporter,


It is 2014 as I write this. Can anyone seriously believe that the USA will be a world-dominating hyperpower in 2029?

This entry was posted in political economy. Bookmark the permalink.

comments with fewer than 4 links should be auto-approved if everything works properly...

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.