Get Ready for the US Empire to Collapse

Thursday, 23 Jun 2011 02:04 PM

By David Skarica

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When I sat down to originally write this article, I was going to write about the lack of a third round of quantitative easing (QE3) and what the United States has to do to right the economic ship.

However, I then realized: This cannot be done. I had to go back to my basic beliefs of cycles and mega-geopolitical cycles of the rise and fall of empires.

All empires make the same mistake: They start off as frugal and small. They expand power, overexpand, overspend, overtax, overregulate, and fritter away their seemingly unlimited sources.

So I could sit here and tell you how the United States needs to cut spending and cut taxes, etc.

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However, what I can tell you is that what the United States really needs is for the empire to collapse. Britain thrived in the 1950s and 1960s after they let go of their empire. Even Russia has done well in the past 10 years after the fall of communism and imploding of the Soviet empire.

Sometimes you have to implode to expand again.

The big problem in the United States is quite simply that the government is overextended. There are wars to pay for and more than $50 trillion in unfunded liabilities. Special-interest lobbyists sticking their fingers in the cookie jar and stealing from the American people left, right and center.

What is driving the U.S. dollar lower, commodities higher and precious metals higher isn’t quantitative easing. It is the long-term downward spiral of the U.S. government’s financial position and economic model. This will continue for the foreseeable future.

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My advice is don’t fight it. This isn’t a dingy sinking — it is the Titanic.

What you must do is protect yourself. Diversify out of the dollar, buy foreign markets or — at the very least — buy companies that will profit from a longer-term debasement in the dollar, and put a small position in precious metals.

Empires don’t decline, then re-emerge. They decline and implode. You must protect yourself from the coming implosion of the U.S. Empire.

In the coming weeks, we could see continued strength in the U.S. dollar. I would use this to exit the currency and to help protect yourself in the coming years.

About the Author: David Skarica
David Skarica is a member of the Moneynews Financial Brain Trust. Click Here to read more of his articles. He also writes the Gold Stock Adviser. Discover more by Clicking Here Now.

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