UK – Today Queen Elizabeth II becomes the longest reigning monarch. Much like the former longest reigning monarch Queen Victoria. She has presided over a long term decline and stagnation.
Longevity is not the only aspect that Elizabeth II has Victoria’s achievements. There is one aspect where Victoria did not fail. The value of the pound remains more or less constant.
Elizabeth II on the other hand has presided over the devaluation of the currency AKA inflation and fraudulent business practices.
London and by implication the City is now the destination of choice for the ill gotten gains of war criminals, Oligarchs, Fraudsters and International drugs gangs. So much so that the flood of dirty money is fueling a bubble in housing prices.
If we look at other recent news events we see benefits deaths, questionable drone strikes. Government ministers getting caught lying to parliament and of course the refugees drowning off Turkey and Libya.
It reminds me of my mother who whenever she didn’t want to answer a question said, “look there’s a squirrel!”
Decline and fall: A tale of two Queens in salient points.
The Empire was in decline long before the Boer War (1898-1902) which is the first event that bankrupted the empire. Victoria ascended the throne in 1837. The panic of 1847, the Panic of 1866. The long depression of 1873. The Boer War 1902.
Closely followed by 1918 (WW1), 1929 (Wall St Crash), 1945 (WW2), 1949 (devaluation crisis) in the inter Queen years.
Elizabeth II ascended the throne in 1956, 1956 (Suez Crisis), 1967 (devaluation crisis), 1973 (Yom Kippur War), 1980 (Thatcher’s recession), 1992 (Black Wednesday) and 2008 (Banking Crisis)