The fate of an empire’s currency generally mirrors the general fate of the empire. From Egon von Greyerz at goldswitzerland.com:
The final phase of Empires normally ends with the same signals whether it was 2000 years ago in Rome or today in the US.
One of the first signs is losing wars together with excessive debts, deficits, devaluations and decadence The US being defeated and hurriedly fleeing from Afghanistan in a few days clearly signifies the end of the US empire.
The mighty US military has in the last few decades conducted disastrous wars against very small countries with no big armies or weaponry. Vietnam, Iraq, Libya and Afghanistan come to mind but there are many more as we show below.
Brown’s University has just made a study of the US cost of wars since 9/11. They arrive at a staggering $8 trillion and the loss of 900,000 lives .
So in the last 20 years, the US has spent $8 trillion or 40% of annual GDP on conducting totally unsuccessful wars. The report also states that even after the exodus from Afghanistan the US is still involved in wars in over 80 countries.
US CURRENT WAR ACTIVITY
The cost of being involved in some kind of war activity in 85 countries will continue to cost the dying US empire dearly for decades to come.