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Historian Niall Ferguson likens the US situation circa 2024 to a “late, Soviet America.”
He notes that in 1990, observers were noticing a “ghastly and tragic... loss of morality” within the USSR. “Apathy and hypocrisy, cynicism, servility, and snitching,” were running wild. Nearly half the population thought that theirs was an “unjust society.” USSR leaders were old party hacks...
The Soviet economy was largely fake... almost all of it directly or indirectly controlled by the Communist Party. The government ran chronic deficits... supporting a bloated military that looked powerful, on paper, but couldn’t win a war.
“Sound familiar?” asks Ferguson:
"Look at the most recent Gallup surveys of American opinion and one finds a similar disillusionment. The share of the public that has confidence in the Supreme Court, the banks, public schools, the presidency, large technology companies, and organized labor is somewhere between 25 percent and 27 percent. For newspapers, the criminal justice system, television news, big business, and Congress, it’s below 20 percent. For Congress, it’s 8 percent. Average confidence in major institutions is roughly half what it was in 1979."
Bill Bonner
...there was a sober silence in the room. Samuel Adams, a key figure in the American Revolution and a signer of the Declaration of Independence, spoke up to say,
“We have this day restored the Sovereign to Whom all men ought to be obedient. He reigns in heaven and from the rising to the setting of the sun, let His kingdom come.”
Colonel Douglas MacGregor predicts a continuation of the Iran war soon, once all sides have replenished missile stocks.
"Washington’s political class manifests much less regard for the long-term strategic interests of its own citizens—their security and prosperity. As a result, Washington pays an exorbitant price in reputation and treasure for policies that confront Palestinians with the choice of death or expulsion from their homelands.
"Assumptions of tacit acceptance or rapid capitulation are implicit and dangerous.
[The Muslims will not 'do a deal.']
"When Hitler was briefed on the expected Soviet reaction to Operation Barbarossa, Major General Ernst Koestring, a Prussian officer fluent in Russian from a family that had lived in Moscow since the reign of Catherine the Great, advised: “Initially, German forces will advance rapidly. The various peoples on the Soviet periphery will likely welcome the German forces. Resistance will be weak. But when the Germans advance into ...
