Niall Ferguson Video Lecture - "Empires On The Verge Of Chaos"from zero hedge by Tyler Durden
Throughout history the rise and fall of empires isn't slow or cyclical, as we like to think, but arrhythmic...it mostly happens very, very suddenly. America is a superpower on the edge of chaos, according to economic historian and author Niall Ferguson. U.S. debt levels, he says, and its unwillingness to address the problem, has put it in the same category as other great empires which have collapsed throughout the ages. If you know him you can skip the introduction.
01. Introduction 09 min 09 sec02. Niall Ferguson Opening Remarks 01 min 40 sec03. Historical Cycles of Empire Decline 07 min 07 sec04. Complexity Theory 08 min 20 sec05. Implications for the United States 06 min 22 sec06. Interest Payments as a Share of US Revenue 01 min 56 sec07. Failure of Perception 02 min 43 sec08. Debt Payment Overtaking Defense Spending 06 min 58 sec09. Q1: Healthcare Reform 04 min 10 sec10. Q2: China's Military Sustainability 02 min 38 sec11. Q3: Gold Investing 01 min 24 sec12. Q4: Political Stability of China 02 min 42 sec13. Q5: Children Teaching You About Debt / Radical Islam 03 min 57 sec14. Q6: Advice to Obama 02 min 40 sec15. Q7: Limits of Keynesian Stimulus 03 min 46 sec16. Q8: Better Leadership in the West 03 min 27 sec17. Q9: Fear of Hyperinflation 05 min 09 sech/t asymptotix