In The Footsteps Of Rome: Maybe It No Longer Matters Who's Emperor

Pretense and PR are not reality, and believing the Old Normal will magically be restored with sacrifice-free Federal Reserve printing is not an actual strategy.

Quick history quiz: who was the second-to-the-last Emperor of the Western Roman Empire? How about the third-to-the-last? Answers: Glycerius, 473-74 A.D. and Julius Nepos, 474-475 A.D. The last emperor was the grandly titled Romulus Augustus, who reigned less than a year until the whole shebang disintegrated in 476 A.D.

You get the point: when the momentum of collapse crosses the Event Horizon, it no longer matters who claims the title of Head Snake; the collapse is beyond the control of any individual or agency.

So when I hear the most important election in history, last chance for democracy, etc. I hear blah-blah-blah because we're following the footsteps of Rome's collapse to a T. As I explained in How Nations Collapse: Disunity (8/20/20), profound disunity between classes and within power elites is the key driver of collapse, as all the energy required to make the perilous, radical changes needed to save the system are squandered on in-fighting and jockeying for control of the dwindling centralized power.

The final generation of Romans also preferred pretense to reality. The last Roman elites found solace in Rome's past glories as if it was inevitable that something or other would magically restore Rome's power and stability without any sacrifices being made by the elites or the public.

Today we hear the shrill, keening cries for the pretense of unity: since actual unity has been lost, then public-relations pretense is the best the elites can manage.

just as in the waning days of the Western Roman Empire, the elites got overly greedy and complacent--a fatal combination. America's billionaire class and the New Nobility just below the billionaires have scooped most of the economy's gains since 2008 and paid either zero or low taxes. (Just ask Mr. Gates how to make your fortune tax-free via philanthrocapitalism foundations that are simply other avenues for achieving the same dominance.)

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Disclosures: None.

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