The Fall of the American Empire

Empires come and empires go. Sometimes they fade away slowly; other times its more like a flashbulb...poof and its gone. Regardless of how the empire goes, it leaves a mess. The wealth of the empire is gone and with it all of the influence that the wealth help to establish. Many times chaos is the only thing left.

History paints a very clear picture of the life cycle of an empire. They grow by conquest, spreading their idea of society far and wide. As the empire expands, so do the administration and policing of the empire until the empire can no longer pay the bills. The policemen get restless and just a little disgruntled by the lack of a paycheck (or in the case of the US, a paycheck that buys less and less every month), and the whole thing collapses on itself.

Kind of like a dying star. And nothing remains except a black hole. (And a bunch of unpaid bills)

The U.S. is finding itself in the final throws of empire. Continually expanding, bringing our brand of democracy to the world, and running out of money to pay the bills. Actually, we ran out of money years ago, just dont tell the policemen. America has not done a very good job of collecting tribute from the captured vassal states either and that only exacerbates the problem.

What will the final result look like? It is very possible that America will become a third-world country. Picture Argentina in the 1990s.

So how do you as a loyal citizen survive the coming reduction in standard of living? Well, according to Bill Bonner of the Daily Reckoning, used cars are a bargain right now because automakers are doing everything they can to sell new ones. And rentals are cheap as well simply because its so easy to buy one these days.

So his suggestion, buy a good used car, and rent a nice house and sit back and watch the demise of the American Empire.