{"id":4974,"date":"2015-01-28T12:29:30","date_gmt":"2015-01-28T17:29:30","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4974"},"modified":"2015-01-28T12:29:30","modified_gmt":"2015-01-28T17:29:30","slug":"understanding-what-propels-the-world-economy-is-mandatory-to-comprehend-its-demise","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4974","title":{"rendered":"Understanding what propels the World Economy is mandatory to comprehend its Demise"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/armstrongeconomics.com\/2015\/01\/28\/understanding-what-propels-the-world-economy-is-mandatory-to-comprehend-its-demise\/\" target=\"_blank\">Understanding what propels the World Economy is mandatory to comprehend its Demise<\/a><\/h3>\n<p>Banking has existed for a long time. The idea of debt dates back to the ancient world, as evidenced for example by ancient Mesopotamian clay tablets recording interest-bearing loans.\u00a0Far too many people attribute our financial doom to fractional banking etc. They are actually taking the side of the bankers who want money to retain its purchasing power or rise rather than devalue with economic expansion. Indeed, they are in truth arguing for austerity that is tearing Europe apart at the seams. They honestly do not comprehend what they are supporting. They want money to retain its value, yet they expect profits from investment, trading, and their home to rise in value with wages.You cannot have your cake and eat it simultaneously. What these theories tout is the stuff that Euroland was supposed to create and it is now sending the entire global economy into a major economic decline not seen since the 1930s along with the US law FATCA hunting down Americans globally lie dogs.<\/p>\n<p>&nbsp;<\/p>\n<p>Here is a picture I took in the Roman Forum. This was the ancient Wall Street of its day known as the\u00a0<em><strong>Via Sacra\u00a0(<\/strong>Sacred Road<strong>).<\/strong><\/em>\u00a0Cicero (106-43BC) wrote that anytime there was news of a disaster in Asia Minor (modern Turkey), a financial panic would be unleashed in the Roman Forum on this very street. The\u00a0<strong>Via Sacra<\/strong>\u00a0was the main street of ancient Rome, leading from the top of the Capitoline Hill, through some of the most important religious sites of the Forum (where it is the widest street), to the Colosseum.<\/p>\n<p><span class=\"Apple-style-span\">Asia Minor was the \u201c<b><i>emerging market<\/i><\/b>\u201d \u00a0into which the Romans invested and lent money no different from today. Cicero tells us that the infamous traitor\u00a0Brutus (85-42BC) who had lent money to the King of Cappadocia (Turkey) and to the city of Salamis at a 48% rate of interest. Brutus was not defending the people and the Republic when he killed Caesar, but his own greedy power. Brutus\u2019 coinage depicts his own image declaring he killed Caesar proudly for the people on the 15th of March (Ides of March \u2013\u00a0<strong>EID MAR<\/strong>). This is why history repeats because human nature and ideas are always the same.<\/span><\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Understanding what propels the World Economy is mandatory to comprehend its Demise Banking has existed for a long time. The idea of debt dates back to the ancient world, as evidenced for example by ancient Mesopotamian clay tablets recording interest-bearing loans.\u00a0Far too many people attribute our financial doom to fractional banking etc. They are actually [&hellip;]<\/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":[40,63,195,244,916,2994,2995,1024],"class_list":["post-4974","post","type-post","status-publish","format-standard","hentry","category-economics","tag-austerity","tag-banks","tag-debt","tag-economics-2","tag-financial-collapse","tag-interest","tag-roman-collapse","tag-rome"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4974","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=4974"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4974\/revisions"}],"predecessor-version":[{"id":4975,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4974\/revisions\/4975"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}