Our Last Christmas In The Old America

This may well be our last Christmas in the old America – an America untouched by serious civil turmoil since the era of Lincoln, unbowed by the business cycle since the days of FDR. We are living out the very last hours of the American Century, and all of Mitt Romney’s appeals to nostalgia and belligerent nationalism cannot reconstruct what has been lost. The peerless engine of American economic supremacy has run out of gas, and is sputtering on the false fuel of fiat money.

In the end, we will find what we already knew: that we cannot print out way out of debt – not without destroying our currency, and ourselves, in the process. In the end, the only way out is war – or Empire’s end....more