Karl Denninger, still indignant and vengeful but now also beginning to sounding the Cassandra note of inevitable defeat ("We are one cycle away from a collapse - if we're lucky"), graphs debt against GDP for the USA and it's clear that there must be a break in the smooth lines at some point.
And however bad it is for America - a country which periodically falls over, picks itself up, dusts itself down, and starts all over again - it'll be far worse for Britain, a country where the management has never quite lost that 1066 sense of being quite unconnected with the indigenous peasantry subjected to their cruel alien rule. This is why our overlords find it so easy to flee the country to take their place in the new pan-European aristocracy currently under construction, an unlovely amalgam of big-business swindlers, venal politicians and their marketing men. They're allying with old money smart enough to know which side its bread is buttered; history is made in the bedroom and the backroom (“Let others wage wars: you, fortunate Austria, marry”).
There is a long history of England's rulers employing foreign mercenaries (especially Germans) to put down uprisings of the overwrought population, both here in the sixteenth century, and in the American colonies in the eighteenth. In the modern world, where the predominant avatar of Power is money (Bertrand Russell's 1938 book is illuminating on the three-headed helldog), we are being driven off our business smallholdings and made day-labourers for giant enterprises owned abroad or by equally huge collective investments in which the individual shareholders' voices are lost "like tears in rain".
And when the Empire falls, as it must, as all do, the great forgetting will descend. Perhaps we can take comfort in the thought that after the bloody cataclysm, the Dark Ages, so named because untroubled by the scribes and accountants of expansive rulers, were, quietly and anonymously, as sunlit as ours.
