Sunday, July 24, 2016

Decline Of Empire: Parallels Between 
The U.S. & The Roman Empire, Part II
"At its peak, Rome had about a million inhabitants, and at least 30% were on the dole. It’s worth noting that the dole lasted over 500 years and became part of the fabric of Roman life—ending only when wheat shipments from Egypt and North Africa were cut off by the Vandals at the beginning of the 5th century. In the U.S., there now are more recipients of state benefits than there are workers. Programs like Social Security, Medicare, Medicaid, food stamps, and numerous other welfare programs absorb over 50% of the U.S. budget, and they’re going to grow rapidly for a while longer, although I predict they’ll come to an end or be radically reformed within the next 20 years. I recognize that’s a daring prediction, given the longevity of the dole in Rome."
- Doug Casey
LINK HERE to the essay

1 comment:

Anonymous said...

Facebook is blocking #DNCLeak email links. Monday is the Democratic National Convention