Is it the Fall of the American Empire?
I am writing this article from an outsiders perspective in Australia, and to tell you the truth, I’m not a very informed political commentator, so the article is more of a question than an answer on whether the American empire is falling, so I encourage comments.
What I have noticed, is the American dollar falling sharply in relation to the Australian dollar, and many other countries. I get paid in US dollars online, so that means I get about ten percent less than I would have before it fell.
For decades, there was never a time when the US dollar was worth less than my currency, and all around the world it was seen as perhaps the most valuable unit of currency.
I don’t want to base my claim that the US empire is falling based on the fall in the exchange rate, but they have a 15 trillion dollar debt.
I don’t know what sort of interest they’re paying on that, but if it were my home loan, the interest by itself would be a trillion dollars a year. That’s $1,000,000,000,000.00, which is not a bill you’d like to see in your mailbox.
My country could never handle such a debt, and in fact we had paid ours off completely a few years ago. There is still a war going on, and unless that war generates money in some way, or there is a massive change in the import/export ratio, the US will surely continue to lose money until there is practically nothing left.
It was actually a similar circumstance of financial crisis in Germany after the first world war, that led to Hitler coming into power.
You might say it had more to do with hate, but in hard times, it’s easy to point the finger at anyone. I believe that either America will get some amazing financial experts to solve the problems, they will take what they need as spoils of war, or the American empire will fall. I could be wrong, as I don’t really know what I’m talking about.