Jim Rickards Compares The Collapse Of The Roman Empire To The US, Concludes That We Are Far Worse Off
the similarities are just far too many, starting with the debasement of the currencies, whereby Rome's silver dinarius started out pure and eventually barely had a 5% content, and the ever increasing taxation of the population, and especially the most productive segment - the farmers, by the emperors, to the point where the downfall of empire was actually greeted by the bulk of the people as the barbarians were welcomed at the gate with open arms. The one key difference highlighted by Rickards: that Rome was not as indebted to the gills as is the US.
http://www.zerohedge...e-are-far-worse
Collapse of Rome, collapse of US
Started by
stocks
, Aug 29 2010 08:54 AM
1 reply to this topic
#1
stocks
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Posted 29 August 2010 - 08:54 AM
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Defenders of the status quo are always stronger than reformers seeking change,
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
Defenders of the status quo are always stronger than reformers seeking change,
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
#2
Tor
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Posted 29 August 2010 - 02:11 PM
Jim Rickards Compares The Collapse Of The Roman Empire To The US, Concludes That We Are Far Worse Off
the similarities are just far too many, starting with the debasement of the currencies, whereby Rome's silver dinarius started out pure and eventually barely had a 5% content, and the ever increasing taxation of the population, and especially the most productive segment - the farmers, by the emperors, to the point where the downfall of empire was actually greeted by the bulk of the people as the barbarians were welcomed at the gate with open arms. The one key difference highlighted by Rickards: that Rome was not as indebted to the gills as is the US.
http://www.zerohedge...e-are-far-worse
Did you know the Romanians come from the Romans. Also, parts of the Serbs.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
