by Shelt Garner
@sheltgarner
I fear America has entered an extended era of decline and there’s no going back, just like what happened with Argentina. I think what’s going to happen is because of the “K shaped” economy that the decline will be hidden for a long time.
The average wealthy person will be “what decline?” while the average poorer person will definitely sense it all around them.
As such, the smug media that is general directed at wealthy people and their problems won’t notice the decline as well.
I also think we need to keep an eye on the budget deficit. If we go bankrupt then al bets are off, the entire world may implode into chaos. And if you throw the potential rise of ASI into things, the next 10 years could be some of the most dramatic in human history.
But only time will tell, as the old song goes. It could be that we will, as always — to date — muddle through.
