For five centuries, history has repeated one pattern — the Debt Spiral.
Spain in the 1500s. The Ottoman Empire in the 1800s. Japan in the 1990s.
Three global powers, three debt explosions, three economic deaths.
And now, in 2025, the United States is following the same path — stage by stage, trillion by trillion.

In this in-depth documentary, we uncover The Seven Stages of Debt Collapse — the mathematical sequence that has destroyed empires again and again:

1️⃣ Borrow for expansion and growth
2️⃣ Growth slows, but spending doesn’t
3️⃣ Borrow to pay previous debt — the Ponzi phase
4️⃣ Interest payments become unsustainable
5️⃣ Lenders lose confidence or trap begins
6️⃣ Default, hyperinflation, or foreign control
7️⃣ Collapse or permanent decline

From the silver mines of Potosí to Wall Street’s printing press, every empire believed it could borrow forever. Every one of them was wrong.

📉 Today, the U.S. debt stands at $36 trillion.
Interest payments: $1.1 trillion per year — more than defense spending.
Debt-to-GDP ratio: climbing toward Japan’s 264%.
Every sign that preceded Spain’s bankruptcy, the Ottoman default, and Japan’s stagnation is flashing red.

This isn’t economic theory — it’s historical law.
The math is broken. The politics are paralyzed. And the pattern says Stage 6 is next.

Sources & References:

Reinhart & Rogoff, This Time Is Different: Eight Centuries of Financial Folly

World Bank Historical Debt Data

IMF Global Debt Database 2024

“Ottoman Public Debt Administration” — European Archives

Bank of Japan Monetary Policy Reports (1990–2024)

U.S. Congressional Budget Office: Debt Projections (2025–2035