In my last installment in this series I argued that talk show host Glenn Beck was raising legitimate concerns about the state of the nation, but that he had a history of predictions of imminent disasters which did not pan out. Why didnâ??t they? After all, the left really does have a strong totalitarian bent. No nation is guaranteed eternal life, let alone eternal prosperity and hegemony. And the United States is, indeed, aggressively moving in the wrong direction.
So why didnâ??t the dollar collapse? Why is it still the reserve currency of the world? Why donâ??t we have hyperinflation? Why did gold stall and then fall last summer? Was there a food shortage? Nope. Widespread urban violence? Nope. Depression, stock market collapse, bond market collapse? Nope, nope and nope. Why not?
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