Death of an Empire

What do you do when you no longer believe in something? I used to believe that economically things would eventually bottom out but I now believe we are due for hard times longer than I originally imagined. There are so many factors and fundamentals that refuse to quiet down. Instead, these issues are continuing to grow with a snowball effect. The momentum just grows higher and higher. “The British Empire was the largest empire in history and, for over a century, the foremost global power.” “By 1921, the British Empire held sway over a population of about 458 million people, approximately one-quarter of the world’s population. It covered about 36.6 million km² (14.2 million square miles), about a quarter of Earth’s total land area.” “At the peak of its power, it was often said that “the sun never sets on the British Empire” because its span across the globe ensured that the sun was always shining on at least one of its numerous colonies or subject nations.” angelfire.com So, what went wrong and how did the sun finally set on the British Empire? “Undisturbed rule of such an empire needed acquiescence on the part of the ruled. Gradually that acquiescence was withheld.” “By 1945 the home country itself was bankrupt from having fought the Second World War. The costs of the empire were rising, not least because of the threat of guerrilla wars.” angelfire.com Sounds a lot like the predicament the United States finds itself in today. The money is still in the till but for how much longer? The following comments below were quoted from the most recent meeting of the IMF/World ...

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