Well first of all, I didn't say anything about a great power prospering by printing fiat money, so I don't know where that came from. All I was saying is that I have heard constantly for 40 years how we are on the verge of collapse, and yet in the real world all around us prosperity continues to increase. Peoples lives in our country are significantly longer, healthier, easier and filled with more disposable income and leisure than they were a generation or two ago. There were plenty of people around in the sixties who claimed we were on the verge of economic collapse -- I remember ads in National Review when I was a kid for a book called "How You Can Profit From The Coming Depression." At some point I suppose the sky actually does fall, but so far the people who keep predicting it have a pretty lousy track record.
I hope you're right, history says we're in for a big fall, soon. For example, there has never been a debt to GDP ratio even close to what we have today, it's much worse than even 1929.
Seriously, can you look at the blue gold/DOW ratio chart I posted in the first 50 replies, and just shrug?
The same book is still being published today. I first remember it showing up in the mid 80s. Garbage.