The formation and expansion of a nation is a time in which heroes abound. Studying the manifestation of different types of heroes as the system expands is illuminating. Below are two curves showing the emergence of heroes along the cycle of the British and American Empires. Each of the Five Phases of the Empire Cycle manifest specific types of heroes as the system expands.
Whilst the Fed has been printing money and artificially inflating the stock markets in the US, the reality of American decline looms large. This is highlighted by what I call the Five Crises of American Decline. Any one of them may accelerate from a festering sore to a crisis.