While I generally have looked at authors who study the political and sociological factors that lead to the collapse of a civilization, this one is a little more narrow of scope--the collapse of an empire rather than a whole civilization--and focuses on economic issues. It examines three historical examples--Spain, the British Empire, and the Soviet Union (itself really an Empire)--and then looks at where is the United States. The video description states:
The seven-stage pattern is identical across all three empires: Stage 1 - Military Overextension, Stage 2 - Currency Debasement, Stage 3 - Debt Spiral, Stage 4 - Loss of Productive Capacity, Stage 5 - Social Decay, Stage 6 - Loss of Reserve Currency Status, Stage 7 - Collapse. Spain completed all seven stages between 1590 and 1670. Britain completed them between 1914 and 1954. The Soviet Union completed them between 1945 and 1991. And the United States is currently at Stage 5, with clear warning signs of Stage 6 emerging.
Another notable point is that when an Empire reaches Stage 7, the collapse can be very rapid--a matter of a couple decades in the case of Great Britain and 900 days for the Soviet Union.
VIDEO: "The 7-Stage Collapse Pattern: Spain, Britain, USSR... USA Is At Stage 5"
Economy Rewind (18 min.)
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