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Debasing the Currency is Leading to Financial Collapse . . . Just As It Has for Thousands of Years
Washington’s Blog
Tuesday, June 30, 2009
In a fascinating 22-page study of money and currency, Christopher Weber shows that every government – from Athens, to pre-collapse Rome, to the Islamic countries in the Middle Ages – which stuck to the Greek standard of coins has been stable and prosperous.
Specifically, the Athenian Drachma contained 65.6 grains of silver. Even after Greece declined as a superpower, its currency remained stable.
The Roman Denarius, Byzantine Bezant, and Islamic Dinar all copied the Drachma, using around 65.6 grains of gold or silver in their coins.
For the many centuries the Romans, Byzantines, and Islamic rulers left this precious metal content alone, they had stable and prosperous money supplies and nations.
But after the Romans and Byzantines started to whittle down the precious metal content of their coins – and after the Muslims started issuing paper money – their currency went down the drain, their prosperity plummeted and their empires collapsed.
This may all sound like ancient history, except that Weber points out that:
The US dollar has been depreciating for generations. Seventy years ago it was first devalued from $20.67 a gold ounce to $35. Then 35 years ago the devaluation started gaining strength. The dollar has lost over 90% of its gold value since August 15, 1971.
History is repeating . . . Sound money is again being trashed, which is causing the collapse of the American empire.
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19 Responses to “Debasing the Currency is Leading to Financial Collapse . . . Just As It Has for Thousands of Years”
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June 30th, 2009 at 4:27 am
In relation to this thread and many others:
http://www.prisonplanet.com/po.....owars.html
I’m a daily reader of prisonplanet, one of those who watches and rarely contributes! For religious reasons i am also one who refrains from swearing and any dirty, vain or idle talk. Reconmarine is winning here because in virtually every reply to his posts, there is a torrent of foul language and morally corrupt written thoughts and ideas. He could and is posting here all day – a newbie reading this, with any sense of moral integrity, may form a negative impression about the lot of you for this simple reason. Reconmarine: 1 Truthers: 0
If you cant simply ignore him, just post basic refutations of his points with the minimum of text – and then rapidly move on, back to the matter in hand. How long is this thread now? most of it is a collection of outrages and insults aimed at Reconmarine! and this is supposed to attract Miley to InfoWars? I’d say Reconmarine has won this round?
Thats my 2 pence worth (I’m in the UK!)
I will go back to my cuboard now.
http://www.rense.com
Parker Reply:
June 30th, 2009 at 7:51 am
Thanks Rwhatever is winning. You aren’t alone.
Bill Reply:
June 30th, 2009 at 9:08 am
Best to ignore.
Madman Reply:
June 30th, 2009 at 9:35 am
Reconmarine does tend to make more sense on occasion than that Resist.com idiot.
I am sorry, but, hell… even a broken clock is allowed to be right twice a day, and sometimes, Reconmarine’s post do truly shine.
We need to get rid of the white power crap, like Resist.com, and get back to American / Patriot power, where every man and woman, is a viable part of the resistance to tyranny.
I always see everyone flame Reconmarine, yet these anti jewish, or just plain hate speech white supremacist post, and generally seldom a word is said about them.
These white power nimrods just serve to push people away from the truth movement, and make all of us look bad.
I do agree with some of the Miley thing that Reconmarine said the other day… where he said that a lot of truth get’s twisted out of proportion here.. it’s learning to read between the eyes, and the agenda’s to get to the heart of the story, that we all need to do.
Many here take everything Alex says to heart, without so much as a minute of thought. I am not saying anything negative towards Alex or his sponsors, but I will say that we all need to think about the articles here, and decide for ourselves.
I might not always support what Reconmarine says, but I do support his right to say it.
Jim Lunsford Reply:
June 30th, 2009 at 6:33 pm
I just don’t like reconfag. He’s full of shit. He always has the same stupid questions, and no matter what answer he gets, it’s never as good as the ones he had to start with. Once, he posted a bunch of links here and I actually wasted my time reading the stuff he swore debunked the debunkers. It was such a load of fucking crap! He’s a fucking idiot who only comes here in order that we might all trash him. It’s apparantly how he gets off, and since I’m all about making people happy, I’ll gladly trash that piece of shit any day of the week. Fuck reconfag.
Aussie Bob Reply:
July 2nd, 2009 at 1:12 am
reconmarine, u r a “wuss”:
Wanker
Utilizing
Self
Stimulation
We all agree that u r a neo-con “plant” with the brain of a pea whose sole agenda is to disrupt open and free discussion. U R A COWARD!!!!!
I bet that u luv lathering up with the guys in the showers don’t u?
June 30th, 2009 at 4:27 am
The Dinar (4.25 Grams – 65.587523 grains) are minted until this day by Islamic Mint. (islamicmint.com)
To see the full list of the Gold Dinars (1, 2, 8 Dinar) & Silver Dirhams (1, 5 , 10 Dirhams) Visit https://www.e-dinar.com/cgi/shop.cgi
June 30th, 2009 at 6:14 am
WARNING: UNDER NO CIRCUMSTANCES SHOULD THE AMERIKA SHEEPLE USE WORTHLESS AMERIKAN DOLLARS AS TOILET PAPER. LABRATORY TESTS CONDUCTED YEARS AGO (JUST THINK IF THEY WERE CONDUCTED TODAY) HAVE PROVED THAT AMERIKAN CURRENCY IS THE MOST FILTHY GERM VIRUS DRUG LADEN CURRENCY PER SQ CM ON PLANET EARTH..YOU HAVE BEEN WARNED..NO GO DOWN TO THE CORNER RECRUITING STATION AND ASK TO BE SENT TO THE MID EAST–TO SAVE AMERIKA FROM THE EVIL RAGHEADS..HOOAH!
Jim Lunsford Reply:
June 30th, 2009 at 6:34 pm
A test was done on the currency, and if you wiped your ass with a number of bills, you might be able to get a cocaine buzz!
June 30th, 2009 at 6:15 am
SONS OF LIBERTY…….PREPARE…..!
June 30th, 2009 at 7:51 am
Too bad Recon never read the Last American to win 2 Medals Of HONOR. Not 1 but 2
General Smedley Butler War is A Racket. I will add for Billionaires. War is a Racket for
Billionaires while sitting on their huge Yachts. Now as someone whose Uncle died from a
Yellow Vaccine shot given to him by the US Army. Reseach Yellow Vaccine ist seams it killed
alot of soldiers they ended up with Hep B and C 5 to 15 years later/ A nice way to die I
am sure. So when the vaccines come for the Man Made Swine Chipmonk Squirrel Chicken
Flu just hope you get the “good” vaccine. If your a Middle class or lower class
I use the the word Class very wrongly if you are middle class poor you will propably
be sacrified with bad vaccine. It’s to easy to be a sneaky Elite pirate and asshole can
could do it. Check out Yellow Fever Vaccine WW 2 is was another “government” cover-up
to protect the Criminal Minds of the “well educated” elites. The self important titled freaks
from the Freemason Freak Show. The soiciopathic Crimianl minds in pretty little suits.
June 30th, 2009 at 8:01 am
Stormberger prophecy : when the people drop like flies (the man made killer flu) and money becomes worthless ( like now) there will be a Great War and nothing will be the same
after and Billions will die.
The German SS did not like Stormberger because he had predicted the Germany would lose
WW 2 after he had predicted it would lose WW 1 which thanks to the Warburgs gave
Germany Hitler while the International Banker sat back and got rich but people like
Recon (yea real intelligence like befor 9/11 same mind set of mind controlled followers)
oh yea all the 9/11 leaders the intelligence crowd made out real good after failing so so well.
Laughed their asses off all the way to the Bank as usual like they always do for the last 300
years. So thanks to Warburg the Federal Reserve for creating Hitler so we could have
WW 2 because WW 1 was so much fun and Profitable and all the cool taxes you can make
the Middle Class assholes pay after sacrificing their kids why it is so much fun.
June 30th, 2009 at 8:26 am
Agree, the best way to get rid of cointel retards like lucylib and recon is to ignore them; the only thing they are bringing to the table is distraction,
June 30th, 2009 at 11:38 am
The US Currency MUST be debased if they are to have the justification to introduce their new North American currency called the Amero.
Without a total and complete collapse this justification would NOT be there and therefore they would not need to introduce their Hegelian money system.
June 30th, 2009 at 2:24 pm
Well people the end is nearing and all that’s left is what you truly believe… In the end was there enough to base a book on … a movie? How do you want us to be remembered? What do you believe, what do you trust? We must tell all that what we truly believe and the message of truth, liberty and freedom. The light is dying and soon we will have no control. So now lets give the the 4th of July a true meaning. Imagine the 4th with true power because on that day we all call our reps, congress men and senators and tell them “I am American and we the people don’t stand for corruption. I feel we should …” I proclaim the 4th of July action day for all red blooded Americans. Long Live the Constitutional Republic of all the people.
June 30th, 2009 at 6:25 pm
Just a thought folks. First I’m not a broker and not giving investment advice, let’s say I’m asking for ideas. If the market is in fact going to act like it did during the depression then it is about to crash big time. If I wanted to buy some out of the money puts, say at 7000 for the Dow, approximately what would I have to invest? Now I realize if the market doesn’t crash I have just bought a receipt but if it does…….
June 30th, 2009 at 6:42 pm
If you think the market is going to crash, you buy puts. I don’t recommend them though. They have expiration dates and technical analysis of markets is mostly bullshit. If not completely bullshit. I used to be a broker, actually I managed a small brokerage firm. Then I became a financial planner. I never did options though. I was going to get my license for it, but then I looked around at all the sharks I worked with and decided that it would be the quickest way for me to lose my license in signing those crooks tickets. Calls and puts are really only good for the broker. They’ve got all their little sales pitches, but unless you are controlling the market, you won’t know when you should use either one. I also wouldn’t recommend buying things like gold or silver certificates. I actually don’t recommend either in any form, but if you are going to buy them, buy them straight out in ingot form. Since we have a depression coming up, food and shelter are the main things. As well as making yourself self-sufficient. If you have that pretty well sewn up, then investing in yourself is always a much better investment than the stock market. Enron was not an aberration. It was the norm. You will have, if you have a decent idea and sense of how to carry it out along with the determination, a much greater return on investment from yourself than you would from Wall STreet. Even the balanced portfolios for aggressive holders only sought a 14 percent return for a ten year period. Greater returns are possible, but they generally rely on fool’s luck, which is usually bad.
June 30th, 2009 at 7:57 pm
For those who still aren’t sure what “gold backing” is or how some forms of money are more dangerous / dishonest than others, here is a 16-page summary (in both HTML and PDF format)
http://www.dishonestmoney.com/.....money.html
July 1st, 2009 at 1:26 am
If anyone is interested in alternative (honest) monetary system, check out this article on the Island of Gurnsey. http://www.globalresearch.ca/i.....;aid=14180