Dominant superpowers don’t accumulate $30 trillion in debt – IOTW Report

Dominant superpowers don’t accumulate $30 trillion in debt


Sovereign Man: The year 238 AD began with Maximinus I as Emperor of Rome– a former peasant who had worked his way up through the ranks of the military before being chosen as Emperor by his troops.

By August of that year, Maximinus was dead, and five other men had briefly held the title of Emperor. Only one (Gordian III) was still alive by the end of 238 AD.

This is known in Roman history as the ‘Year of the Six Emperors’, and it was an obvious watershed moment in the decline of the empire.

It’s not like Rome hadn’t seen plenty of turmoil before–

There had been full-blown civil war between Julius Caesar and Pompey the Great nearly three centuries prior in 49 BC. Caligula managed to engineer a major supply chain crisis during his reign in the early 1st century AD.

Much of the city of Rome burned to the ground under Emperor Nero in 64 AD. Caracalla heavily debased the currency and caused widespread inflation in the early 200s.

And more than a dozen emperors had been assassinated up to that point in Roman history.

People were used to crisis and chaos. But the Year of the Six Emperors felt different. It was as if Romans suddenly realized they were no longer the dominant superpower. read more
h/t joe6pak,
Burning Platform

14 Comments on Dominant superpowers don’t accumulate $30 trillion in debt

  1. Gotta add the (roughly) $220 Trillion unfunded liabilities to that.

    U.S. GDP – Historical Data

    Year GDP Per Capita Growth
    2020 $20,936.60B $63,544 -3.49%
    2019 $21,433.22B $65,280 2.16%
    2018 $20,611.86B $63,064 3.00%
    2017 $19,542.98B $60,110 2.33%

    mortem tyrannis
    izlamo delenda est …

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  2. I’m surprised paper money is still accepted. What will be worse is when the US goes to a digital currency. If you think the government has control now just wait till they can flip a switch and poof, you’re broke.

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