The Great Collapse of the US Empire by Jeff Berwick

The biggest story of the late 20th century was the collapse of the Soviet Union. After decades of a government controlled, centrally planned economy and outsized military expenditures the Soviet Union just one day ceased to be. Fast forward a few decades and now the biggest story about to happen in the early 21st century will be the collapse of the US empire for the exact same reasons.
The US economy has been centrally planned and manipulated by the communist fashioned central bank, the Federal Reserve, for 99 years now. But it wasn't until August 15, 1971 that the last linkage of gold from the US dollar was removed and the US Government and the Federal Reserve were allowed to truly run rampant with their anti-capitalist economic system.
A look at US Government debt since the beginning of the 20th century tells the story:

Just like the Soviet Union the US has also bankrupted itself on offense. Sorry, they call it defense even though all they do is attack and occupy other countries. The US spends more than the rest of the world combined on its military and spends $2,374 per capita each year. The next nine closest countries in military spending per capita average $80 per annum.
Yet millions of US citizens will rise to their feet and cheer as military jets streak overhead literally burning their money in front of their eyes. "USA! USA! USA... is bankrupt".
And, just like the Soviet Union, the US is destined to collapse. It is not an if... it's only a when.
US CENTRIC
The collapse of the US sounds very dramatic to many people. That's because the US has been the most dominant nation on Earth for the last century. It used to be the beacon of freedom and it attracted most of the world's top talent and became the place to be for almost any endeavor. It was also a leader in free market economics until just a few decades ago.
But, that was then, this is now. Now, after a focused effort to indoctrinate US citizens in public schools and using the media to trick them into believing that socialism is the kindest and best form of government the results can be seen everywhere. Occupy Wall Street kids play bongos and rail against the evils of capitalism - something they have never actually seen in their lifetimes.
Meanwhile, all around the world, billions are waking up to the beauty and empowerment of capitalism. A billion people in China who are almost all of a free-market bent but who were forced down the disastrous communist road for a few decades are building a new future. In the old Soviet Union almost everyone is pro-capitalism after going through the horror of communism in the Soviet Union. Chinese people now rent helicopters to fly over properties in Canada for purchase while Russians are well known the world over for being some of the richest anywhere. In Mexico, tourism was at a record last year despite the US propaganda as Russians streamed into the freest country in North America. And dozens and dozens of other countries in Asia, Latin America and the former Soviet bloc are all on the capitalism bandwagon.
In fact, the only two significant places in the world where capitalism seems to be distinctively out of favor are the US and Western Europe.
And that's the thing... here's the news. They don't matter. The population of the US is 300 million. The population of Western Europe is approximately 400 million for a total of 700 million. Just 10% of the total world's population. It is simply insignificant.

read full article here