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An Empire Self-Destructs - A Short Essay On How Our Wealth Is Been Drained Off

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  • Reynolds
    Moderator
    • Oct 2018
    • 3418

    An Empire Self-Destructs - A Short Essay On How Our Wealth Is Been Drained Off


    An Empire Self-Destructs
    January 13th, 2020


    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 through the use of its large armada of ships, looting the New World of its gold.

    The British Empire grew through its creation of colonies bringing the wealth back to England to make it the wealthiest in the world.



    The conquered lands needed costly military's 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. Finally, in a bid to keep from losing their power, Roman leaders entered into highly expensive wars. Spain was a highly productive nation that attacked its neighbours ... 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 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. But, like other countries in Europe, it dove into World War I quickly and, 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.


    Then, in 1939, it all happened again. Although the US eventually joined both wars, they did so much later than Britain and her allies. They also had modern factories .... 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. 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. 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.

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