The Sun setting on the American Empire?

Blogman's Notes:

Most people may not be aware of this fact but historic evidence shows that Empires fall not because of invasion from outside but rather through corruption from within. No matter how well the corruption is hidden, its effects cannot be kept hidden. The greatest evidence that an Empire is rotting and decaying even if the facade is whitewashed on the outside is clearly visible in the debasement of its currency. The decline of the US dollar over the past 40 plus years since President Nixon removed all gold backing from the dollar is evidence that the American Empire is going the way of the Roman Empire and this quote from the article I link below sums it up rather well; Bankruptcy happens in two distinct stages: the first one is gradual; the consequences of bankruptcy are kept well hidden in this stage. Whether its individuals or Corporations or Empires, in the gradual stage most people are kept in the dark as to the deteriorating state of the solvency of these entities. Someone may live in a beautiful mansion with manicured gardens and everyone may be under the impression that the person has great wealth until one day the sheriff shows up and puts a Foreclosure sign outside the front gate. High inflation such as that in gasoline prices and food prices is a sure sign of the devaluation of the currency of the American Empire, the US dollar; it seems that this devaluation is entering the advanced stages. If the present course is stayed and there is no evidence to the contrary that it will not be stayed, what comes next is the SUDDEN stage of the bankruptcy of the Empire and the Emperor will be shown to have no clothes. When the day arrives that the dollar will be dumped by the world, especially by China, watch out! For the fall of this Empire will be one that will make the fall of the Roman Empire seem like a Disney movie. This event will be the single most devastating event in the history of this world to date, and it will set the stage for even greater devastation to follow that will result in the end of this world as we know it!

Quote from article linked below: "There’s a famous exchange in Hemingway’s The Sun Also Rises. Someone asks Mike Campbell, “How did you go bankrupt?” “Two ways,” he replies. “Gradually, then suddenly.” We've been going through the gradual phase so long, we’re kinda used to it. But it’s coming to an end, and what happens next will be the second way: sudden, and very bad."

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MARCH 24, 2012 4:00 A.M.
The Sun Also Sets 
Our national bankruptcy is about to enter its “sudden” phase.

By Mark Steyn 

I was in Australia earlier this month and there, as elsewhere on my recent travels, the consensus among the politicians I met (at least in private) was that Washington lacked the will for meaningful course correction, and that, therefore, the trick was to ensure that, when the behemoth goes over the cliff, you’re not dragged down with it. It is faintly surreal to be sitting in paneled offices lined by formal portraits listening to eminent persons who assume the collapse of the dominant global power is a fait accompli. “I don’t feel America is quite a First World country anymore,” a robustly pro-American Aussie told me, with a sigh of regret. 

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