"Roubini, Schiller [sic], Schiff and Ron Paul – they were all right!" No doubt this is funnier if you don’t understand German.

Don’t worry, we’re nowhere near this point. Neither does Germany represent America’s role in the drama. 1945 was actually the climax of the long process that ended England’s hegenomy.

I heard part of Margaret Atwood’s lecture series on debt last week on CBC.  At one point she explained the meaning of "the mills of the gods grind slow, but they grind exceeding small." According to our program, subprime is merely the mid-life crisis for Pax Americana, and shouldn’t last more than about 5 years.  If you were watching this space last week, you’ll remember that what we’re facing is merely a replay of Grant’s second term (except this time we’re looking at it from the point of view of 1873 Vienna).  The Empire will run for another three decades, and then we’ll enjoy three decades of real instability before the Chinese Century inevitably starts around 2075.

So if the process will unfold long after all of those reading these words are gone, why worry about it?  That’s exactly why it will happen.