How Debt Bankrupted the British Empire — And Why America, the Second Rome, Is Walking the Same Path
Summary
A Substack essay argues that imperial decline follows debt-driven financial fragility. It traces Britain's path from global creditor to IMF-dependent status and draws parallels to Rome, suggesting the US faces similar risks due to high debt, currency depreciation, and eroding middle class. The piece discusses Bretton Woods, the dollar reserve system, and geopolitical frictions as signs of financial limits on power.