It is precisely as Prechter predicted. Economic downturns are accompanied by political division and separation:
If you mention the word “secession” most people think of the South during the Civil War. But today, a new movement is gaining steam because of frustration over a growing, out-of-control federal government.
A number of conservative, rural Americans are taking about seceding and creating their own states, meaning a new map of the United States of America could include the following:
A 51st state called Jefferson, made up of Northern California and Southern Oregon
A new state called Western Maryland
A new state called North Colorado
These are real movements gaining traction with voters across the country. Jeffrey Hare runs the 51st State Initiative in Colorado, an effort to fight an out-of-control legislature trying to ram big government policies down the throats of voters.
The smaller and less centralized the political entity, the more power the individual and the local people have. This is why it is resisted by the government bureaucracies and the progressives in the media and elsewhere.
But the economic downturn is barely beginning, and that’s why we’re only seeing the peaceful and political pursuit of self-determination. By the time we’re at the economic nadir, the European Union, the United States of America, and even the United Kingdom will all be in pieces.
This is one of the silver linings in the ongoing decline and fall of the USA. Secession, separation, and segregation are all part of a cyclical process; we have survived the swing of the pendulum on the backs of the greatest debt expansion in history. Don’t be surprised when it swings back to an equally impressive extent. Remember, Aristocracy is the next stage in the Ciceronian political cycle.