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Explore The Empire Strikes Back: how confusion over Rome's "Decline and Fall" affects us today with 657 views, 14 likes, and 0 comments. Experience the impact of this video content that has captured audience attention.

"The Decline and Fall of the Roman Empire" by Edward Gibbons, published in 1776, same year as Adam Smith's "Wealth of Nations" was not informed by the latter, and we are still suffering the results. Specifically, the Western Roman Empire (unlike its Eastern brother) declined and collapsed in large part due to the destruction of its economy, which followed the debasement of its currency. This book is a foundational source for Western thinking and was recently cited by Matthew Hoh for understanding Trump's insanity. Modern British lords like Jacob Rees-Mogg push their less wealthy countrymen to gear up for sacrifice and war in the name of the Empire. Rees-Mogg thinks Rome perished because it stopped fighting. This is a gross misunderstanding of the impact of wars on Rome's treasury. Rome fought for too long, which forced it to debase the Denarius, while the Eastern Roman Empire stuck with gold Solidus and survived for a millennium after Rome's fall. The West is similarly overcommitted to wars. History rhymes. WW1 saw the destruction of several currency pegs to precious metals and the fall of 5 empires. China saw 5 sequential dynasties fall after they discovered Paper Currency. Western Europe and US appear hellbent on going down the same path: engage in too many wars, denude the treasury, debase the currency, Collapse and Fall or drag along as a pale shadow of former Imperial glory, like modern Britain. On this channel we're committed to providing a positive creative alternative. Leave us a comment below and join us!

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