The End of Empires

BBC News: Reports that the US Government has been told by Standard & Poor's a Credit Agency that its credit rating could be cut. Here it is folks, the end of a political and economic Empire, the US in many respects is following the path of the Roman and British Empire, it is going broke, the Roman Empire devalued the its coin as the years went by, the British Empire was broke after World War Two, thus time wise the rabid end of Empire, the UK was out of India in 1947, the Empire become the Commonwealth by the 1960s. The last throw of Empire was the failed UK and French attempt to retake Suez in 1956. The US liberals from the New Deal onwards have tried to make the US like Western Europe, a welfare state, the problem is simple folks, the US is to big, the debt is to much , fourteen trillion not something you can hide under the carpet. The Obama Administration on the domestic front has been a disaster, its economic stimulus failed to create jobs, those that argue that it protected Government jobs in the States are missing the point, its the private sector that creates jobs, makes the economy grow. ObamaCare is an attempt to create a NHS in the US, the problem is that the advances in health allow people to live longer and save people that would have died in previous times, its costs folks, you cant think if you force people to buy health cover that this will reduce costs, it wont, the NHS in the UK has grown and grown, the costs have never gone down. The next economic Empire will be China, lets hope they learn the lessons of the British and US Empires, 1) You cant have a welfare state that has no end, 2) Don’t get in to Wars or Empires that never end, 3) Be tough on the banks, 4) Always save for a bad day, it will come. Good luck China.