{"id":20518,"date":"2016-05-08T08:09:45","date_gmt":"2016-05-08T13:09:45","guid":{"rendered":"http:\/\/olduvai.ca\/?p=20518"},"modified":"2016-05-08T08:09:45","modified_gmt":"2016-05-08T13:09:45","slug":"monetary-unions-how-fast-can-they-collapse","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=20518","title":{"rendered":"Monetary Unions \u2013 How Fast Can They Collapse?"},"content":{"rendered":"
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Monetary Unions \u2013 How Fast Can They Collapse?\u00a0<\/a><\/h3>\n<\/div>\n
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\"Czech<\/a><\/p>\n

QUESTION:\u00a0Mr. Armstrong; Nobody seems to be able to answer this question. How fast would the Euro disintegrate\u00a0if 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.<\/p>\n

Thank you for your consideration<\/p>\n

KW<\/p>\n

\"Roman<\/a>ANSWER:\u00a0Our 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 \u2013\u00a0How fast did Rome fall?\u00a0Was the collapse gradual like a 747 coming in for landing, or was it rapid like a waterfall? The answer that emerged we called the\u00a0Waterfall 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\u00a0Valerian I<\/a>\u00a0was captured by the Persians in 260 AD, and his son\u00a0Gallienus<\/a>\u00a0was finally killed in 268AD.<\/p>\n

\"1964<\/a><\/p>\n

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.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Monetary Unions \u2013 How Fast Can They Collapse?\u00a0 QUESTION:\u00a0Mr. Armstrong; Nobody seems to be able to answer this question. How fast would the Euro disintegrate\u00a0if 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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5496,150,13770,279,280,284,5479,3444,1024],"class_list":["post-20518","post","type-post","status-publish","format-standard","hentry","category-economics","tag-armstrong-economics","tag-collapse","tag-demonetization","tag-eu","tag-euro","tag-european-union","tag-martin-armstrong","tag-monetary-union","tag-rome"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20518"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20518\/revisions"}],"predecessor-version":[{"id":20519,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20518\/revisions\/20519"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}