America’s days as the world economic hegemon are winding down.  

The sad thing about this mess is that it was completely avoidable.  

The underlying cause is both simple and obvious: activist government (with a healthy dollop of incompetence and corruption). 

Our ruling elite actually believed it could bring democracy to the Middle East by military force. The numbskulls actually thought that they could make every American a homeowner by the magic of regulatory fiat. They were absolutely convinced they could maintain an eternal "Goldilocks economy" through the wizardry of fiat currency expansion. 

Like the Good Book says: Pride goeth before a Fall. 

To be honest, it has been somewhat depressing to have spent years writing about this...all seemingly for naught.  

So what’s left but to throw back that martini?  

And hold the ice...there’s plenty of that where we’re all going. 

Musings From The Titanic