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US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...

 
Anonymous Coward
User ID: 1051516
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07/28/2010 07:19 PM
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US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
The interview:
[link to www.kingworldnews.com]

[link to www.kingworldnews.com]

[link to www.zerohedge.com]
In the latest two-part interview with Jim Rickards by Eric King, the former LTCM General Counsel goes on a lengthy compare and contrast between the Roman Empire (and especially the critical part where it collapses) and the U.S. in it current form. And while we say contrast, there are few actual contrasts to observe: alas, the similarities are just far too many, starting with the debasement of the currencies, whereby Rome's silver dinarius started out pure and eventually barely had a 5% content, and the ever increasing taxation of the population, and especially the most productive segment - the farmers, by the emperors, to the point where the downfall of empire was actually greeted by the bulk of the people as the barbarians were welcomed at the gate with open arms. The one key difference highlighted by Rickards: that Rome was not as indebted to the gills as is the US. Accordingly, the US is in fact in a far worse shape than Rome, as the ever increasing cost of funding the debt can only come from further currency debasement, which in turn merely stimulates greater taxation, and more printing of debt, accelerating the downward loop of social disintegration. Furthermore, Rickards points out that unlike the Romans, we are way beyond the point of diminishing marginal utility, and the amount of money that must be printed, borrowed, taxed and spent for marginal improvements in the way of life, from a sociological standpoint, is exponentially greater than those during Roman times. As such, once the collapse begins it will feed on itself until America is no more. Rickards believes that this particular moment may not be too far off...
Anonymous Coward
User ID: 1051436
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07/28/2010 07:22 PM
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Re: US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
Yes the COLLAPSES will be worsesss expecially sense yu caint spellzzz
Anonymous Coward
User ID: 1036291
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07/28/2010 07:24 PM
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Re: US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
How are we supposed to know? That was then, this is now.
Anonymous Coward (OP)
User ID: 1051516
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07/28/2010 07:25 PM
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Re: US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
Yes the COLLAPSES will be worsesss expecially sense yu caint spellzzz
 Quoting: Anonymous Coward 1051436

It's ok, romans didn't speak english.
Anonymous Coward (OP)
User ID: 1051516
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07/28/2010 07:26 PM
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Re: US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
How are we supposed to know? That was then, this is now.
 Quoting: Anonymous Coward 1036291

Watch the interview.
Anonymous Coward
User ID: 1051017
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07/28/2010 07:32 PM
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Re: US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
The interview:
[link to www.kingworldnews.com]

[link to www.kingworldnews.com]

[link to www.zerohedge.com]
In the latest two-part interview with Jim Rickards by Eric King, the former LTCM General Counsel goes on a lengthy compare and contrast between the Roman Empire (and especially the critical part where it collapses) and the U.S. in it current form. And while we say contrast, there are few actual contrasts to observe: alas, the similarities are just far too many, starting with the debasement of the currencies, whereby Rome's silver dinarius started out pure and eventually barely had a 5% content, and the ever increasing taxation of the population, and especially the most productive segment - the farmers, by the emperors, to the point where the downfall of empire was actually greeted by the bulk of the people as the barbarians were welcomed at the gate with open arms. The one key difference highlighted by Rickards: that Rome was not as indebted to the gills as is the US. Accordingly, the US is in fact in a far worse shape than Rome, as the ever increasing cost of funding the debt can only come from further currency debasement, which in turn merely stimulates greater taxation, and more printing of debt, accelerating the downward loop of social disintegration. Furthermore, Rickards points out that unlike the Romans, we are way beyond the point of diminishing marginal utility, and the amount of money that must be printed, borrowed, taxed and spent for marginal improvements in the way of life, from a sociological standpoint, is exponentially greater than those during Roman times. As such, once the collapse begins it will feed on itself until America is no more. Rickards believes that this particular moment may not be too far off...
 Quoting: Anonymous Coward 1051516


bump

truth
Lily

User ID: 794926
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07/28/2010 07:36 PM

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Re: US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
Except that all of the "civilized" nations are completely mired in debt.
You have to take Bible prophecy literally, just like everything else in the Bible. - Tim LaHaye
Anonymous Coward
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07/28/2010 08:04 PM
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Re: US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
bump
Anonymous Coward
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07/28/2010 08:08 PM
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Re: US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
Good. The beasts will be driven into the sea.
Anonymous Coward
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07/28/2010 08:09 PM
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Re: US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
Except that all of the "civilized" nations are completely mired in debt.
 Quoting: Lily


So they are playing round robin currency debasement? FX traders running from one shelter to another to avoid the #^*@ storm?

Once it becomes apparent none of the printing efforts are going to work money will begin pouring into hard assets exponentially, this will be incredibly deflationary to the point of collapse.
Anonymous Coward
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07/28/2010 08:10 PM
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Re: US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
op, you do realize the roman empire collapse was planned?
Anonymous Coward
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07/28/2010 08:11 PM
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Re: US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
It's been collapsing for 100 years starting with the federal reserve and the income tax.
Anonymous Coward
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07/28/2010 08:17 PM
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Re: US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
op, you do realize the roman empire collapse was planned?
 Quoting: Anonymous Coward 868423



Noone ever plans their own collapse. They have 'contingencies' - but the life of the predators who think they 'rule' is tied directly to the empires they craft and do everything possible to maintain. Seeing that something is going under is not the same thing as planning it, even though all of their actions to 'save' result in the destruction of the thing they hope to save.
Anonymous Coward
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07/28/2010 08:39 PM
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Re: US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
op, you do realize the roman empire collapse was planned?



Noone ever plans their own collapse. They have 'contingencies' - but the life of the predators who think they 'rule' is tied directly to the empires they craft and do everything possible to maintain. Seeing that something is going under is not the same thing as planning it, even though all of their actions to 'save' result in the destruction of the thing they hope to save.
 Quoting: Anonymous Coward 658855

spock
Anonymous Coward
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07/28/2010 08:42 PM
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Re: US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
There is probably about $6-10 trillion in capital they can still steal; IRA's, pension funds, 401ks, etc. At a deficit spending rate of say $2 trillion a year that gives them 3-5 years before it all goes up in smoke. That is unless it crashes before there are a lot of strange derivatives floating around out there....
Anonymous Coward
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07/29/2010 01:18 AM
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Re: US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
This was a good interview.
J.H.F.C.
User ID: 889802
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07/29/2010 01:34 AM
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Re: US COLLAPSES GONNA BE WORSE THAN ROMAN EMPIRE'S COLLAPSE...
op, you do realize the roman empire collapse was planned?
 Quoting: Anonymous Coward 868423



The foundation of the Collapse of Rome began when Emperor Constatine the Great moved to Instanbul (at the time was named Constantinople) because of its strategic defenses as it was surrounded almost completely by water.

Of course, when Constatine moved to his new diggs, he brought along his mother and all of the best troops in the entire Roman Empire.

It took 75 years before Rome fell to the Visigoths in 400 AD, but it was only a matter of time before something like this would happen.

As a point of note, the "New Romans" (called the Byzantines, but the emperors were called Roman Emperors) lived on until 1451 when they were conquered by Islamic forces.

Eventually, the conquest of Constantinople led to the Ottoman Empire which lasted almost 500 years. The greatest geopolitical change directly caused by WWI was that the Ottoman Empire fell to British forces in 1921. In that swap, Great Britain became the "Protectorate of Israel"
and the founder of the oil fields of the Persian Gulf (nice catch, wouldn't you say old chap?)

The great indirect geopolitical change caused by WWI was, of course, the takeover of Russia by the Soviet Union.

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