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Historian warns of sudden collapse of American ‘empire’

by Brent Gardner-Smith, Aspen Daily News Staff Writer

Tuesday, July 6, 2010

 

Harvard professor and prolific author Niall Ferguson opened the 2010 Aspen Ideas Festival Monday with a stark warning about the increasing prospect of the American “empire” suddenly collapsing due to the country’s rising debt level.

“I think this is a problem that is going to go live really soon,” Ferguson said. “In that sense, I mean within the next two years. Because the whole thing, fiscally and other ways, is very near the edge of chaos. And we’ve seen already in Greece what happens when the bond market loses faith in your fiscal policy.”

Ferguson said empires — such as the former Soviet Union and the Roman empire — can collapse quite quickly and the tipping point is often when the cost of servicing an empire’s debt is larger than the cost of its defense budget.

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Gulf Crisis Exposes Failures of Centralized Power

Brian Roberts
Campaign for Liberty
July 13, 2010

Obama, the great centralizer, recently stated that he was looking for the right ass to kick. With this now famous statement he hoped to divert public attention from the failures of centralized power and begin to set a public mood against the oil industry and for expanded regulation and taxation. Other recent federal actions and statements make it painfully obvious that the federal government has zero interest in backing any plan to clean up the gulf in a timely manner.

While the crisis demands a federal response to help with stopping the leak and cleaning up the gulf, the ultimate goal of this administration is centralization of power. The following responses to the gulf crisis are effective methods in use today by Obama’s government to further this goal:

* Present false arguments for centralized power; ignoring the disastrous role regulation played in creating the crisis
* Attack and blackmail BP, and thus the oil industry as a whole, for a crisis created by faulty regulation that forced bad decisions
* Further the crisis by refusing to help clean up the disaster and hindering state and private action
* Leverage the emotional and financial impact on states and individuals to create a misguided street-level demand to pass the climate bill, giving more power to the feds

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