End of US world order

The world is going through not just an economic turmoil. It is a world order crisis and depending on one's point of view it is the sad end or good riddance of an era. Pax Americana has come crushing down after more than 60 years.

For much longer than that the economic system became one of trust. After it abandoned the gold standard, then the government guarantees (which recently showed how much good they can do - not much) the economy depended on far more nebulous and interconnected mechanisms.

But in all cases, order was supposed to be implied and the lone remaining superpower was to act like the world sheriff and maintain that order. But the shaking of the trust toward the United States unavoidably has shaken the trust on the economy.