Having lived in a collapsed empire before - I lived in Russia right after the Soviet Union collapsed - you can see a lot of the classic signs of an empire that's on its way out.
Matt Taibbi2008 was to the American economy what 9/11 was to national security. Yet while 9/11 prompted the U.S. government to tear up half the Constitution in the name of public safety, after 2008, authorities went in the other direction.
Matt TaibbiThe party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.
Matt TaibbiIt's not a stretch to say the whole financial industry revolves around the compass point of the absolutely safe AAA rating. But the financial crisis happened because AAA ratings stopped being something that had to be earned and turned into something that could be paid for.
Matt Taibbi