Hegemonic powers have risen and fallen throughout human history. The declining hegemon abandons the soft power of persuasion for the hard power of armaments. It wastes blood and treasure in foreign adventures.
Financial manipulation and economic chaos predominate as the hegemonic currency goes into decline. Today, slowing growth worldwide, uncontrolled printing of money, negative interest rates for many government bonds, declining oil prices, and manipulated financial markets are all facets of a system at the edge of collapse.
We all know that a growth economy cannot expand without limits. Population growth is a tremendous multiplier of economic activity and resource depletion. The Holocene is the sixth great age of extinctions. Climate change, toxic chemicals, habitat destruction, resource depletion, and many other factors drive the myriad human and ecosystem diseases of our time. The fabric of life itself is unraveling.