1170. Debt has brought down all empires

02/20/2026

One of the most potent and underappreciated forces responsible for the downfall of the most powerful empires throughout history has been debt.

While military defeats, political upheavals, and external invasions often dominate historical accounts of the fall of great powers, excessive debt—the “Empire Killer”—has quietly but relentlessly eroded the foundations of empires across the centuries.

This is how international investor Nick Giambruno began his article on internationalman.com: The ‘Empire Killer’ Strikes Again.

Since US President Elon Musk was dismissed and DODGE’s activities were halted, it has become clear that the US will continue on the path of decline of this empire by increasing debt, devaluing the dollar, and maintaining the illusion of power of a state that is collapsing. The path proposed by Musk—which would be much more noticeable to the population—namely, combating abuse, would also not save the United States from inevitable collapse, as it was taken at least 20 years too late. Even if all the resources of the Deep State were confiscated, this would not significantly cover the huge debts of this hypocritical “empire of good.”

The situation of US citizens is similar to that of the passengers of the Titanic, which was condemned to sink by the ship’s owner. The same is true of the citizens of Europe, which proclaims its long-abandoned “values.”

It is nothing new when I write that we all have to bear the costs of such policies. Is this the punishment for making the wrong decisions at the polls? If you believe that, just think about how Ms. Harris wanted to save a system that can no longer be saved. In virtually every Western country, the only reasonable candidate in the elections is the one who is most frequently smeared by the dishonest media. The exceptions in Europe are probably Hungary and Slovakia, and perhaps now also Czechia.

At the end of the 17th century, the English crown found itself in difficulty. The wars with France had depleted the state coffers. Taxes were being collected only slowly. There was a shortage of gold. The state was faced with a choice: either declare bankruptcy or recognize a new form of power. It opted for the latter.
More on this: Telegram from February 7, 2026, 10:49 a.m.

There are many stories about rulers’ dependence on lenders. Often, these generous sponsors of wars were also generous toward the borrower’s enemies. Then they won twice in the war. Because debts must be repaid. This was the experience of the English king Edward III Plantagenet (1312–1377). In this case, the lender also suffered a defeat (source), but unfortunately that was rare.

In the 1440s, King Edward III, exhausted by war, refused to pay his enormous debts, leading to the bankruptcy of Bardi and Peruzzi. This triggered a chain reaction and financial collapse across Europe. Contemporary chronicler Giovanni Villani wrote that the consequences were “worse than any war.” After this collapse, it became clear that a system in which the state is dependent on private lenders is dangerous for both sides.
More on this: Telegram from February 5, 2026, 10:33 a.m.

Money rules the world, and right now that money is collapsing. However, that does not mean that the whole world will collapse. The crisis will affect everyone—most of all those who are surprised by it because it was not announced on television. The most important thing is who will shape this future financial order in the world and with what intentions. Hopefully not the remnants of degenerate psychopaths who enjoyed themselves on the island that is most popular in the media today.

Author of the article: Marek Wojcik
Email: worldscam3@gmail.com

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