• GoldCore
    12/18/2014 - 13:54
    Russia supplies China with hi-tech military hardware. Russia has negotiated two major natural gas deals with China in the last year. China expects to double its gas usage by 2030. From a Chinese...

Roman Empire

Tyler Durden's picture

Who Will Be Tomorrow's Superpower?





Around the world, unsustainable policies from the 20th century are beginning to fail in earnest. What will the future geopolitical landscape look like in their aftermath?

 
Tyler Durden's picture

This Is What Gold Does In a Currency Crisis





To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn’t an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about the local currency than about gold. But when currencies collapse, gold shines.

 
Tyler Durden's picture

"We Are Living In An Aberrational World"





"We are living in an aberrational world. It’s all driven by an orgy of money printing...it sure feels to me that we’re nearing the day that it spins out of control. By the end of this year or by the start of next year, without QE, the market is going down."

"To maintain your sanity, you need to turn off the hype machines of some of the financial media like CNBC."

 
Tyler Durden's picture

The World Is Run By Fools, And We Let Them





Dumb and Dumber To, the sequel after 20 years, was released recently. However, when it comes to real humor, the Dumber slapstick was easily upstaged over the past few days by the G20 summit in Brisbane. The lunatics are guiding us off the cliff. We know most people feel there’s nothing they can do to change the course their countries and governments have taken, but we also think that perhaps all these people need to realize they don’t have much of a choice anymore. If getting up from your couch for your own sake isn’t enough of a incentive, how about doing it for your kids and grandkids? The dumber-ass approach is the same one they use for their economic, what shall we call it, ‘policies’(?), it’s the exact same thing. It’s the surface that counts, not what’s underneath it. It’s the storyline, not the veracity of it.

 
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Martin Armstrong Blasts "We Need To Restructure The World Now!"





We need to restructure the world economy - right this very instant. The US economy is holding up the entire world economy right now and the growth rate is minimal. When we turn the economy down, look out below. These morons have been hunting taxes everywhere and as a result they have shut down global capital flows. Government lives in an illusion. These idiots have destroyed the world economy and we will understand the full impact soon.

 
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ObamaCare Creator Admits If He Had Told The Truth "It Would Not Have Passed"





"Barack Obama's not a stupid man, okay?" Gruber notes, adding that those pushing the bill took part in an "exploitation of the lack of economic understanding of the American voter," taking advantage of voters' "stupidity" to create a law that would ultimately be good for them. "If you made it explicit that healthy people pay in and sick people get money, it would not have passed, OK?"

 
Tyler Durden's picture

Bread, Circuses, & Bombs - Decline Of The American Empire, Part 2





"The evil was not in bread and circuses, per se, but in the willingness of the people to sell their rights as free men for full bellies and the excitement of the games which would serve to distract them from the other human hungers which bread and circuses can never appease. The moral decay of the people was not caused by the doles and the games. These merely provided a measure of their degradation." The moral degeneration of the American populace, like the Roman people before them, happened slowly over time as they sold their liberty, freedom, and self-respect for full bellies, an endless array of modern day distractions, and promises from their highly educated rulers they would be taken care of and protected from all threats to their well-being, whether foreign, domestic, physical, mental, or social.

 
Tyler Durden's picture

Protecting Power & Privilege Has Doomed Regimes Throughout History





If you want to pinpoint the one dynamic pushing the global economy into not just a prolonged recession but a parallel period of massive social instability, look no farther than the social and financial stagnation that results from optimizing the system to benefit the Elites and the entrenched incumbents who protect them from competition and the dispossessed debt-serf classes below. The incestuous embrace of privilege and power by entrenched, socially isolated Elites characterizes failed states and brittle, doomed regimes throughout history.

 
Tyler Durden's picture

Bread, Circuses, & Bombs - Decline Of The American Empire





History may not repeat exactly because technology, resource discoveries, and political dynamics change the nature of society, but it does rhyme because the human foibles of greed, lust for power, arrogance, and desire for conquest do not vary across the ages. The corruption, arrogance, hubris, currency debasement, materialism, imperialism, and civic decay that led to the ultimate downfall of the Roman Empire is being repeated on an even far greater scale today as the American Empire flames out after only two centuries. The pillars of western society are crumbling under the sustained pressure of an immense mountain of debt, created by crooked bankers and utilized by corrupt politicians to sustain and expand their welfare/warfare state. Recklessness, myopia, greed, willful ignorance, and selfish disregard for unborn generations are the earmarks of decline in this modern day empire of debt, delusion and decay.

 
Tyler Durden's picture

A Brief History of Currency: The Infographic





Judging by the amount of currency destruction, all of it completely voluntary and reminiscent of what happened in the final days of the Roman empire, we urge readers to enjoy whatever fiat paper is around: it won't be there for much longer. So to help out in that regard, below is an infographic courtesy of Travelex showing a brief history of the world's major currencies over the ages.

 
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9/11 - The Ultimate Litmus Test





If nothing else we have learned it doesn’t matter how obvious the lie is if people don’t want to know the truth.

 

 
Tyler Durden's picture

How Empires End





Once an empire has reached this stage, it never reverses. It is a “dead empire walking” and only awaits the painful playing-out of the final three stages. At that point, it is foolhardy in the extreme to remain and “wait it out” in the hope that the decline will somehow reverse. At that point, the wiser choice might be to follow the cue of the Chinese, the Romans, and others, who instead chose to quietly exit for greener pastures elsewhere.

 
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Currency Reform In Ancient Rome





The global economic downturn of 2008, in particular its monetary facet, readily invites comparison between the troubles of the modern world and those of the Roman Empire; just as Western currencies have declined precipitously in value since their commodity backing was removed in stages starting roughly a century ago, Roman currencies were also troubled, and present a cautionary tale. The Roman coin in use through most of the empire was the denarius, which demonstrated a persistent decline in value, starting from the time of transition from Republic to Empire, and continuing until its decimation during the Crisis of the Third Century AD. Although efforts by Diocletian taken after the monetary collapse are commonly associated with Roman economic reform, there were other efforts by earlier, lesser known emperors that suddenly and unexpectedly improved the silver content and value of the denarius. Firsthand accounts and archeological findings provide sufficient detail to allow examination of these short, if noteworthy, periods of voluntary restorative policies – and their architects.

 
Tyler Durden's picture

When The Money Runs Out... So Does The Empire





Empires are not the result of conscious thought; they happen when a group is large enough and powerful enough to impose itself on others. But empires are expensive. They are typically financed by theft and forced tribute. The imperial power conquers... steals... and then requires that its subjects pay “taxes” so that it can protect them. The US never got the hang of it. It conquers. But it loses money on each conquest. How does it sustain itself? With debt.

 
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