Guest Post by Martin Armstrong
I am an avid student of history. I noticed from an early age that no empire ever lasts forever. The question I had in my mind was how and why did they fall? I pursued my own course and academics held no answer. I would say there were two incidents when I was in high school that perhaps set me on a course of independent review. I was given The Great Crash to read and nowhere in there could you find one word about government defaults. Later I discovered a copy of Herbert Hoover’s Memoirs and after reading the chapter of events during 1931, I came to realize like so many throughout the centuries that history might be partially correct perhaps, but let us not forget, it was written by the victors to those who tended to record what suited their preferred conclusion to support their theories.