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Friday, October 18, 2013

The United States Is Destroying Itself From Within: How Empires Fall

We are moving further and further into the financial twilight zone as asset prices stimulated by QE are rising while the fundamental economy continues to deteriorate.

This creates huge imbalances between the rich and the rest (middle class, young, and poor) as the rich benefit from the surging asset prices while "the rest" are left with stagnating wages and a rising cost of living.

Those that have study history understand that this imbalance ultimately leads to a breaking point and it is the cause of every great empire's decline throughout history. As night follows day, the U.S. empire is heading down the same exact same path.

The following video looks at the top 0.7% and the (growing) wealth they control.