Wednesday, December 6, 2017

Central Bank Induced Insanity

When money is corrupted, people go insane.

History is full of examples of this.

The collapse of the west Roman empire was a direct consequence of bad monetary policy. As the currency collapsed, people went literally insane. Money was cheap. Life was short, and everything was free. People could not spend their money fast enough. There was no point in working. Only slaves and dogs work was the saying of the time.

The east Roman empire, where money remained sound, lasted another 700 years after the west Romans had disappeared into history. Work and thrift was valued and rewarded. Virtue made sense.

It took the west Romans about 100 years to completely destroy their currency. That's about the same time it has taken the Fed to debase the US dollar by 97%.

The US appears to be the modern day version of west Rome. A once proud, industrial and virtuous people have decayed into profiteering and mindless consumption.

There is no fear. There is no regard for value. There is little virtue, only consumption and a sense of entitlement. There is peek consumption and peek speculation. Productive work is undervalued. Thrift is punished through debasement of money. Vice pays and virtue is frowned upon.

Peak insanity is setting in. Unless drastic measures are taken to rein in the central bank and its power to create money from nothing, the end may be as chaotic and insane as it was for the west Romans.

Rome- Ruins of the Forum, Looking towards the Capitol.jpg
Rome

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