Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

An Empire Self-Destructs

% of readers think this story is Fact. Add your two cents.


by Jeff Thomas, International Man:

Empires are built through the creation or acquisition of wealth. The Roman Empire came about through the productivity of its people and its subsequent acquisition of wealth from those that it invaded. The Spanish Empire began with productivity and expanded through the use of its large armada of ships, looting the New World of its gold. The British Empire began through localized productivity and grew through its creation of colonies worldwide—colonies that it exploited, bringing the wealth back to England to make it the wealthiest country in the world.

In the Victorian Age, we Brits were proud to say, “There will always be an England,” and “The sun never sets on the British Empire.” So, where did we go wrong? Why are we no longer the world’s foremost empire? Why have we lost not only the majority of our colonies, but also the majority of our wealth?

Well, first, let’s take a peek back at the other aforementioned empires and see how they fared. Rome was arguably the greatest empire the world has ever seen. Industrious Romans organized large armies that went to other parts of the world, subjugating them and seizing the wealth that they had built up over generations. And as long as there were further conquerable lands just over the next hill, this approach was very effective. However, once Rome faced diminishing returns on new lands to conquer, it became evident that those lands it had conquered had to be maintained and defended, even though there was little further wealth that could be confiscated.

The conquered lands needed costly militaries and bureaucracies in place to keep them subjugated but were no longer paying for themselves. The “colonies” were running at a loss. Meanwhile, Rome itself had become very spoiled. Its politicians kept promising more in the way of “bread and circuses” to the voters, in order to maintain their political office. So, the coffers were being drained by both the colonies and at home. Finally, in a bid to keep from losing their power, Roman leaders entered into highly expensive wars. This was the final economic crippler and the empire self-destructed.

Spain was a highly productive nation that attacked its neighbours successfully and built up its wealth, then became far wealthier when it sailed west, raiding the Americas of the silver and gold that they had spent hundreds of years accumulating. The sudden addition of this wealth allowed the Spanish kings to be lavish to the people and, as in Rome, the Spanish became very spoiled indeed. But once the gold and silver that was coming out of the New World was down to a trickle, the funding for maintaining the empire began to dry up. Worse, old enemies from Europe were knocking at the door, hoping to even old scores. In a bid to retain the empire, the king entered into extensive warfare in Europe, rapidly draining the royal purse and, like Rome, the Spanish Empire self-destructed.

In the Victorian era, the British Empire was unmatched in the world. It entered the industrial revolution and was highly productive. In addition, it was pulling wealth from its colonies in the form of mining, farming and industry. But, like other countries in Europe, it dove into World War I quickly and, since warfare always diminishes productivity at home whilst it demands major expense abroad, the British Empire was knocked down to one knee by the end of the war.

Then, in 1939, the game was afoot again and Britain was drawn into a second world war. By the end of the war, it could still be said that there would always be an England, but its wealth had been drained off and, one by one, its colonies jumped ship. The days of empire were gone.

Into the breach stepped the US. At the beginning of World War I, the US took no part in the fighting, but, as it had experienced its own industrial revolution, it supplied goods, food, and armaments to Britain and her allies. Because the pound and other European currencies could not be trusted not to inflate, payment was made in gold and silver. So the US was expanding its productivity into a guaranteed market, selling at top dollar, using the profits to create larger, more efficient factories, and getting paid in gold.

Then, in 1939, it all happened again. Although the US eventually joined both wars, they did so much later than Britain and her allies. At the end of World War II, the US had a lively young workforce, as they had lost fewer men to the war. They also had modern factories, which had been paid for by other nations, that could now be used to produce peacetime goods for themselves and the rest of the world more efficiently than anyone else.

And (and this is a very big “and”) by 1945 they owned or controlled three quarters of the world’s gold, as they’d drained it away from the warring nations in the early days of the war. This allowed the US to invite the post-war leaders to Bretton Woods to explain that, as the holders of the world’s wealth, they’d dictate what the world’s default currency would be: the dollar.

But this was all threatened by the fact that, when the now-poorer nations of the world sold their goods to the US, they, too, beginning with the French, wished to be paid in gold.

And so, in the subsequent years, the gold in Fort Knox was beginning to travel back to the east, from whence it had come in previous years. In 1971, this flow was shut off, as the US, still the foremost empire, had the power to simply remove all intrinsic value from the dollar and turn it into a fiat currency. Payment in gold ended.

Fast-forward to the post-millennium era and we see that America, like the previous empires, ended its acquisition of gold after World War II, yet its people became spoiled by political leaders who promised ever-increasing bread and circuses. The productivity that led to its initial strength was dying off, and it was spending more than it was bringing in. Finally, it sought to maintain its hegemony through warfare, thereby creating a dramatic drain to its wealth.

Like other empires before it, the US is now on the verge of relinquishing the crown of empire. If there’s any difference this time around, it’s that its collapse will very likely be far more spectacular than that of previous empires. However, just as in previous collapses, those who least understand that the collapse is around the corner are those who are closest to its centre. Clearly, the majority of Americans are worried about their future yet cannot conceive of their country as a second-rate power. And those who hold the reins of that power tend to be the most deluded, delving ever-deeper into debt at an ever-faster rate, whilst expanding welfare and warfare without any concept of how it might all be paid for.

It’s understandable, therefore, that those of us who are on the outside looking in find it easier to observe objectively from afar and see the coming self-destruction of yet another empire.

As stated in the first line of this essay, “empires are built through the creation or acquisition of wealth.” They tend to end through the gradual elimination of the free-market system, the metamorphosis to a welfare state, and, finally, through the destruction of wealth through costly warfare.

Read More @ InternationalMan.com



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.