"We (California) are on the verge of system failure." John Ross, the California budget project to Canada's Globe and Mail.
Here's an early picture of a world dominated by a global financial oligarchy. One point on a trend line.
Fiscal insolvency leads to an endless reduction in services.
The more you cut, the worse it gets. The worse it gets, the more you cut. Don't cut fast enough and the financial oligarchy whacks you with higher rates and onerous dictates. In the end, there isn't much left.
With the loss of legitimacy and stability this entails, the US could become an exceptional breeding ground for some of the world's most aggressive global guerrillas.