Brandon Adams: February 27, 2013

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How America’s “Culture of Now” Could End It All
Could Automatic Cuts Like Sequestration Hasten the Decline?

We talk with a former Harvard economics and game theory professor and high-stakes poker player to see what America’s odds are.

 WASHINGTON, D.C. — What do tattoos, obesity, and America’s shrinking attention span have to do with our growing national debt?  In Setting Sun: The End of U.S. Economic Dominance, author Brandon Adams explores how cultural shifts are signaling economic decline that is poised to create a very painful period in American history.

SEQUESTRATION is just the latest battle in this long economic war. “Sequestration looks like shedding the workforce while keeping the corporate jets—never a good or popular idea,” says Adams. “Cuts like this, with minimal impact on long-term entitlement spending, won’t change the long-term government financial picture but will increase the risk that economic problems become intense political and social fissures we aren’t prepared for.”
 
In Setting Sun, Adams answers ALL the questions you aren’t hearing the media ask and lawmakers won’t talk about:

    •    How did we go from being the world’s largest creditor nation to being the world’s largest debtor nation?
    •    Why can’t we answer simple questions about out money supply?
    •    How can America keep following the playbook of a failed empire or a Latin American country and survive?
    •    Why are the financial choices all Americans make in the next five years critical to America’s survival?
    •    How do our cultural choices—from gambling to the internet and even our shorter attention spans—affect our financial survival?
    •    How are political debates casually signaling to other countries that they should not trust America’s financial will?
Americans are losing faith in our financial system—but so are the folks holding our debt across the world. The debate about American economics isn’t just a financial discussion—it’s political and social too. And we can’t afford to ignore the cautionary tales of countries who have failed before us.