> If that can happen there is a possibility north America could reorganize and become relevant again in the 30-50 year time frame.
What the u.s will try to do, if it doesn't destroy itself when the petrodollar fails, will be a swing either toward socialism (much more severe than what we already have) or reposition for the "great american comeback", where we revert to 1950s style post-war isolationism and industrial manufacturing, while leveraging a new "neutrality", like the cold war, to stay relevant.
Thats how I see it happening, and in that measure I think, given our mineral wealth, and geographic position, we'll stay moderately or significantly relevant going forward into this century, just on the momentum.
But I still think we're gonna stall, and as competition heats up over the next 1-2 decades, I think that'll push the demographic problem to a breaking point.
Basically I think the model will be the high tech equivalent of eastern europe post-soviet collapse, NOT the "afghanistan of the west" some experts predict. When economies fail, either regimes die and are replaced, or they revert to old culture that was suppressed to make room for said regime. Happened in russia, happened in afghanistan, happened in india.
Everything will be shitty, broken, badly maintained, and corrupt, it just won't be very organized at all.
In principle we'll be less free and poorer, but *in practice* we'll be *more free* because the state won't be able to sustain or afford massive bureaucratic edifices or the enforcement of their edicts unlike now.
The federal government may not go away in name, but its going to experience a very significant downsizing to the point where it will be *practically* irrelevant. This will begin to happen gradually, in fits and bursts, and you will know this is the correct scenario when you see the first time the u.s. congress, deadlocked by political division and short-term outrages between their supporters (mostly driven by ideological differences aggravated by worsening economics), fail to pass a budget in time, causing what the news will label a "mere technical default", a "default based on a technicality."
Maybe it'll be a full default proper, or defaulting on some smaller subsection of our debt (like debt to some pensions or other), but nevertheless it will be called "only *technically* a default."
and that is when you will know the federal government has begun the process of dissolving in all but name.
The failure of the u.s. government to hold states TO policy on say, marijuana, should have been the writing on the wall. On *that* basis, looking back, we could have accurately predicted the fedgov's failure to stop constitutional carry, state's refusing the control of the CDC, etc.
That trend is precisely because the fedgov is moribund as the u.s. dollar, and everyone knows it, no one wants to say it (except russia), and the fedgov is out of options to do anything about it.
Being a senator or federal reserve chair, or DoD executive, or boardroom member at blackrock/vanguard/goldman right now must be like being a dying patient in a hospital, almost fully immobilized, while watching your own heart beat fail on the EKG.
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