This documentary by the Renegade Economist reveals the cycles that all the empires of the world have followed and how they all eventually fail. The current disparity between the very rich and the very poor is but one indication that today’s western empire, led by the U.S. is approaching its end.
Pierre Poilievre, Canadian MP, makes a plea for his nation not to follow in the footsteps of countries like the United States, where people have been encouraged to go into debt which will be impossible to repay, or like Europe, which is now ensnared in welfare programs that are impossible to stop without complete social upheaval.
- Official US Debt is now larger than its economy. Through current or future taxation, the US citizen is on the hook for this debt.
- The US is on the cusp of funding 100% of the Chinese Military – just with interest payments alone!
- The direction the US is going reflects the socialist policies already in place in Europe, where Greek citizens are taking to the streets to demand their government not halt the flow of welfare checks they have become so dependent upon.
- It’s good that Europe has bail-out fund, but S&P has recently downgraded that fund, indicating that it, too, will soon need a bail-out.