The Decline and Fall of Western Civilization

Martin Armstrong, a former hedge fund manager who is now in prison, has written a fascinating article entitled "The Decline of the West: Has Western Society Come to an End?" In this article, he discusses the ideas of Oswald Spengler, a German philosopher who lived from 1880-1936, and contrasts his ideas with those of Arnold Toynbee, Karl Marx, Robin Collingwood, and Edward Gibbon. Excerpt:

The Political State born of revolution, will always and without exception, adopt the various policies against which it had justified its taking of power by force. ... The United States was born on the core issue of a battle against tyranny. ... Here we are today, the wheel of fortune has completed here revolution and the United States has come full circle. ...There is no question that the seeds of our own destruction have been planted. No one in their right mind will every actually believe that as a people we will actually pay the national debt. ... There is a serious risk of revolution. For that is presented by the collapse in the rule of law.