Like the U.S. today, the Rome economy was 'militarized', the empire over-extended, the battles fought by mercenaries. The currency might get you into the Coliseum for the 'games' but little else. Thus --bread and circuses were popular. When the Praetorian Guard auctioned the Roman Empire to Didius Julianus the sale was completed in Greek Drachmas --not worthless Roman Sesterices.Some two decades ago, it was decided by the global financial elites that the framework for the global economy shall consist of:
1) A global derivative-based financial system, controlled by the US Federal Reserve Bank and its associate global banks in the developed countries.The entire system was built on a simple principle, that of a FED-controlled global reserve currency which will be the engine for growth for the global economy. It is essentially an imperialist economic principle. Once we grasp this fundamental truth, Bernanke’s boast that the “US can produce as many US dollars as it wishes at no cost” takes on a different dimension.
2) The re-location from the West to the East in the production of goods, principally to China and India to “feed” the developed economies.
What do you think? Is the American Empire on the decline? Il Principe has often written about this. Here's one example.
Thanks for the link to my blog. I was a bit surprised at the lack of blog etiquette that Cowboy showed when he just copied and pasted an entire passage from my blog and did not even cite the original writer.
ReplyDeleteI am beginning to be wary of the things I write on my blog as they can be so easily copied and used by students to complete their assignments and by other bloggers trying to fill their blogs with material. It is too bad blogs can’t be protected so you can’t just copy and paste other bloggers work so easily.
You betcha it's coming to an end, The Chinese are already planning on this eventuality.
ReplyDeleteJust imagine if the Chinese end up taking over the US!
Principe, Are you sure about that? The E. Cowboy borrowed from your site without linking back to you?
ReplyDeleteLaci, Are you looking forward to the Chinese takeover, I mean, being a Chinese Crested and all?
I double checked. The cowboy gives no reference that the grand prince wrote what he posted in his posting. Although his posting was interesting at how it talks about the FED, he failed to mention the decline of the US dollar and the eventual demise of the dollar in the year 2016-2020 as the world converts to a gold-yen-euro-yuan based internaitonal currency. perhaps long time friends like Saudi Arabia will secretly urge this migration as their valuable oil is devalued due to being priced and sold in dollars.
ReplyDeleteI suggest you stick with the Grand Prince for international affairs, and let the Cowboy wander in the domestic pasture of the US.