Sunday, August 12, 2012

Perhaps the US is similar to the Roman Empire when it was about to collapse?

The United States currently is deployed in over 150 countries around the world according to wikipedia:

United States military deployments

Map of U.S. Military bases around the world
The current benchmark rate is 0.25 (nearly zero) and on top of the loose monetary policy there's additional manipulation in the form of Quantitative Easing - currently there has been 2 stages of QE (QE1 and QE2) and Operation Twist.

The Roman Empire (like the United States) had it's empire spread out all over the known world (Map of the Roman Empire).
Like the US the Roman Empire had a currency problem. The empire faced hyperinflation caused by years of coinage devaluation. The problem was so intense that the currency had very little value and a bartering system was often used making the ease of trade difficult. It wasn't long after Roman coins had virtually no value that the empire itself collapsed.

With a spread out military and a debased currency that is mocked by other countries is the US leading down the path of a total collapse?

Fed Continues Operation Twist
United States loses prized AAA credit rating from S&P

Those that don't learn from history are doomed to repeat it.

Neal Vanderstelt - Currency Analyst
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