QUESTION: Mr. Armstrong; Nobody seems to be able to answer this question. How fast would the Euro disintegrate if the EU appears to be on the verge of collapsing assuming Britain were to leave? There is a consensus that other states would then begin to also prepare referendums to leave. This question become paramount and you may be the only person with such a database to offer guidance other than just personal opinion.
Thank you for your consideration
KW
ANSWER: Our number one objective has always been to define time. The very reason we reconstructed the world monetary system, bought coins from around the world, and created the largest collection of Roman coins ever assembled was to answer the question – How fast did Rome fall? Was the collapse gradual like a 747 coming in for landing, or was it rapid like a waterfall? The answer that emerged we called the Waterfall Effect. You can see from the chart presented that the collapse took just 8.6 years out of one thousand. The decline and fall monetarily was extremely rapid once Valerian I was captured by the Persians in 260 AD, and his son Gallienus was finally killed in 268AD.
Skeptics who simply refuse to believe anything try to claim history was irrelevant because it was long ago and this time it is different. Every fool who buys government debt convinces themselves that this time is different and government will never end. Well, the Bretton Woods fixed monetary system came under pressure and collapsed in August 1971. When did the pressure begin? Hm. Well, it was about 8.6 years prior when Kennedy agreed to end silver in the coinage. That was 1963 and the last coin to be produced in silver was 1964.
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