Some Shattering Illusions of Our Declining Empire

An Iranian official said that the IRGC would attack ships transiting the Strait of Hormuz without Tehran’s approval.  “Any failure to comply, deviation from the designated route, or disregard for the navigation protocols of the Islamic Republic of Iran in the Strait of Hormuz will be met with an immediate and forceful response from the […]

Philippines Becomes World's Top Solar Panel Buyer By Charles Kennedy of OilPrice.com People in the Philippines are flocking to install solar power ​on rooftops and escape the burden of soaring electricity prices, making it the world's biggest spender on solar panels since ‌the war in Iran started.  Top Philippines power distributor Meralco has raised prices by 10% since the Middle East conflict began in late February. Now, a median household spends around 12% of monthly income on electricity, assuming it consumes 200 kilowatt-hours, approximately the monthly average for three people.  Amid record-beating electricity...

From Civilian To Military Economy: This Is What A Declining Empire's Economy Looks Like Authored by Bryan Lutz via DollarCollapse.com, “A government always finds itself obliged to resort to inflationary measures when it cannot negotiate loans and dare not levy taxes, because it has reason to fear that it will forfeit approval of the policy it is following if it reveals too soon the financial and general economic consequences of that policy.” ~ Ludwig von Mises, The Theory of Money and Credit (1912) Empires don’t announce their decline. They reveal it in the data… And...