Thursday, August 26, 2010

The Rise and Fall of the U.S.S.A.?

In the latest issue of Trends Journal Gerald Celente, the founder and director of Trends Research Institute and also bestselling author of Trends 2000 and Trends Tracking, writes that the United States is walking down the same road of demise as the former Soviet Union.

Celente further elaborated on this point in a recent video "tech-ticker" interview, available online at Yahoo! Finance, saying, “In a lot of ways it’s empire decline; they ran the Cold War race and they lost, we’re still in the race…”

Comparing the United States’ demise to that of the fall of the British Empire, Celente attributed the United States’ current demise to “becoming involved in foreign entanglements as your economy at home is declining rapidly.” Celente then pointed to the parallels of the U.S. military’s difficulty in Afghanistan to that of the Soviet Union’s failure there in the 1980s.

Is Celente's bleak outlook justified? Has the United States outgrown itself or become “too big” to be managed by a vast single central authority in Washington? Are wars in the Middle East and elsewhere demoralizing the American spirit and draining the country’s resources to the brink? Are the Tea Party and Tenth Amendment/Nullification campaigns the beginning stages of a Second American Revolution or new Civil War?

Celente certainly thinks so, as his recent comments indicate. And he has been consisten in his forecast of American decline. In 2009 he even predicted a "Second American Revolution" — but he isn’t the only one to make such predictions or say such things.