Rome's military rulers, led by Augustus, snuffed out the remnants of Rome's anemic democracy and ushered in a period of despotism that saw the empire disintegrate under the weight of extravagant military expenditures and corruption. The British empire, after the suicidal military folly of World War I, was terminated in when it attacked Egypt in a dispute over the nationalization of the Suez Canal.
Britain was forced to withdraw in humiliation, empowering Arab nationalist leaders such as Egypt's Gamal Abdel Nasser and dooming British rule over its few remaining colonies. None of these empires recovered. McCoy writes in his book "In the Shadows of the American Century: The Rise and Decline of US Global Power": "Often irrational even from an imperial point of view, these micromilitary operations can yield hemorrhaging expenditures or humiliating defeats that only accelerate the process already under way.
The worse it gets at home the more the empire needs to fabricate enemies within and without. This is the real reason for the increase in tensions with Russia and China.
The poverty of half the nation and concentration of wealth in the hands of a tiny oligarchic cabal, the wanton murder of unarmed civilians by militarized police, the rage at the ruling elites, expressed with nearly half the electorate voting for a con artist and demagogue and a mob of his supporters storming the capital, are the internal signs of disintegration.
Because of the loss of unionized jobs, the real decline of wages, de-industrialization, chronic underemployment and unemployment, and punishing austerity programs, the country is plagued by a plethora of diseases of despair including opioid addictions, alcoholism, suicides, gambling, depression, morbid obesity and mass shootings —since March 16 the United States has had at least 45 mass shootings, including eight people killed in an Indiana FedEx facility on Friday, three dead and three injured in a shooting in Wisconsin on Sunday, and another three dead in a shooting in Austin on Sunday.
These are the consequences of a deeply troubled society. The loss of the dollar as the global reserve currency will probably mark the final chapter of the American empire. In , the dollar accounted for 90 percent of bilateral transactions between China and Russia, a percentage that has since fallen to about 50 percent. The use of sanctions as a weapon against China and Russia pushes these countries to replace the dollar with their own national currencies.
Russia, as part of this move away from the dollar, has begun accumulating yuan reserves. The loss of the dollar as the world's reserve currency will instantly raise the cost of imports.
It will result in unemployment of Depression-era levels. It will force the empire to dramatically contract. It will, as the economy worsens, fuel a hyper-nationalism that will most likely be expressed through a Christianized fascism. The mechanisms, already in place, for total social control, militarized police, a suspension of civil liberties, wholesale government surveillance, enhanced "terrorism" laws that railroad people into the world's largest prison system and censorship overseen by the digital media monopolies will seamlessly cement into place a police state.
Nations that descend into crises these severe seek to deflect the rage of a betrayed population on foreign scapegoats. China and Russia will be used to fill these roles. The defeat in Afghanistan is a familiar and sad story, one all those blinded by imperial hubris endure. The tragedy, however, is not the collapse of the American empire, but that, lacking the ability to engage in self-critique and self-correction, as it dies it will lash out in a blind, inchoate fury at innocents at home and abroad.
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