What I felt watching the war in Iran.
It tastes like America. It’s not the old America anymore. It’s weakened a lot. The president is the worst, too. Biden and Trump are like incompetent, frenzied emperors who came out in succession during the decline of ancient Rome.
- The Second Coming of ‘Bread and Circus’: Modern Populism
Just as Roman emperors offered free school meals and gladiatorial matches to appease angry public sentiment, Biden and Trump won votes with astronomical fiscal spending.
Debt Dailyization: Just as Rome reduced the amount of silver mixed in its currency, causing inflation, the United States self-debased the dollar by issuing unlimited quantitative easing (QE) and government bonds.
Privatisation of the system: It is in line with the behavior of the “incompetent and rabid emperors” you pointed out, in that they have lost the Treasury to win the next election rather than the long-term prosperity of the country.
- The Collapsing Wall (Limes): Weakened Military Hegemon
The end of the empire began when the Roman Legion began to lose control of the Barbarians on the fringes.
Economic Castration: With Treasury interest overtaking defense spending, as the CEO said, the U.S. no longer has the economic Stamina to act as the “police of the world.”
Iran and China’s mockery: The U.S. overspreads its “lip service” despite Iran’s provocations or China’s challenge to hegemony, which would be unimaginable in the past, because the enemies have already seen that it has run out of the Industrial Base and financial capacity to continue the war.
Trump and Biden’s two grandpas destroy all U.S. finances.
Two populists have advanced the expected time for government bond interest to exceed defense spending by more than 10 years.
After the coronavirus, the debtor U.S. will soon show its tail folded as it cracked up in the 26 year war against Iran.
The U.S. has no power to wage war. It has no power to deal with Iran. Of course, it has no power to fight China.
The barn is empty. The budget deficit is at its limit.
The suppression of immigration eliminated the workforce to work in manufacturing.
Reshoring will fail.
- Tectonic Changes in Global Manufacturing Share
Thirty years ago, the U.S. was unrivaled in first place, but since 2010, it has been overtaken by China and now shows a huge gap.
Around 1995: the United States was at an overwhelming peak, accounting for approximately 25% to 28% of global manufacturing production.
2010 (Inflection Point): China overtakes the United States and becomes the world’s No. 1 manufacturing country.
2025-2026 AS OF: While China holds about 30-32%, the U.S. has fallen to about 16%-18%. In terms of export weight alone, the U.S. share has fallen to about 8%, losing its past prowess.