The Soviet Experience and American Prospects – Revised & Updated
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While updating the text for the second edition, I have been careful not to add any new predictions, but I did take a few out because, as I now realize, energy and financial trends are too volatile to call over as short a term as the publication cycle of a book. But the longer-term trends, which I identified in the first edition over 3 years ago, are unmistakable. Global oil production has peaked for good, but is yet to start seriously declining, and this has produced a slow-motion crash rather than an outright collapse. Financially, the high volume of debts going bad has so far outpaced the government’s printing presses, keeping inflation out of the picture, while creative accounting at the Federal Reserve has so far prevented a run on the US dollar, though how long this can continue is anyone’s guess. Washington continues to set new records for political dysfunction, while the American empire is unraveling at an ever-increasing rate. We are in uncharted territory; all we know is that there is a cliff up ahead.
Here is what Michael Ruppert said about this book:
Reinventing Collapse in its original version has more than stood the test of time and events as a propphetic vision of the challenges that are being so clearly defined for us as a civilization today. The new and revised edition is priceless because it incorporates current events and emerging trends and views them through the eyes of this terrific writer and thinker. And Orlov's sense of humor always plants a minefield full of laugh bombs in the right places.