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US is making same terrifying mistake that's destroyed every previous advanced civilization, historian warns

Historian Niall Ferguson claims that the United States could be headed to the same ruin of every previous advanced civilization if it doesn't fix one of its biggest problems.



Historian Niall Ferguson warns that the United States is following a path that has led to the collapse of previous advanced civilizations by overspending on debt. He references "Ferguson's Law," which states that a great power risks geopolitical decline if it spends more on debt than defense. In 2024, U.S. debt servicing costs ($1.124 trillion) surpassed defense spending ($1.107 trillion), a threshold not crossed since the pre-World War II era. Ferguson compares this to Britain's situation in the 1930s and warns of potential default, currency depreciation, and imperial decline unless reforms are enacted.

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