Contents

Preface

Acknowledgments

Chapter 1: The World in 2050

A Preview of the Future

A Decrease in Productive Capacity

Squandering Prosperity

Chapter 2: The Original America is the New Brazil

The Country of the Future

The Origins of America

The Mythic Brazil

A Difficult Dream to Realize

Can America’s Destiny Be Fulfilled in Brazil?

Chapter 3: How Brazil Became Endowed for Prosperity in a Collapsing World

The Impact of Topography

Yesterday’s Limitations as Today’s Strengths

Three Radical Changes

Chapter 4: Prosperity and Energy Density

Denser Energy Equals a Rise in Prosperity

Coal and Adam Smith

The Phases of Extracting Energy

The Shift from Coal to Oil and World War I

Peak Oil and Declining Money

The Competition for Prosperity

The SS Great Britain Sails Again

Chapter 5: Malthus Again

The Dynamics of Weather

Not Wrong, but Early

Waiting for Our Malthusian Moment

The Next Little Ice Age

“The Dog That Did Not Bark”

Putting Two and Two Together

A New Maunder Minimum

Dearth, Insanity, and Revolution

Chapter 6: Deficit Attention Disorder

How Debtism Changed the World

Debtism Helps Politicians Manipulate You

The U.S. Budget Deficits Would Make Greece Blush

Worse than the Great Depression

The Collapse of the Boom

Chapter 7: “Rome” Falls, Again

Slip-Sliding Down the Road to National Insolvency

Welcome to the Second Decline and Fall of “Rome”

Americans as the New Illegal Emigrants

Chapter 8: The Sunny Side of the Leverage Cycle

You Are in Steerage on a Sinking Ship

Stopping Runaway Spending ...

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