The “Secret Sauce” of the Byzantine Empire: Stable Currency, Social Mobility
September 1, 2016
How did Byzantium endure for 1,000 years after the fall of Rome?
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A stable currency. When the Empire devalued its currency for the first time in the 13th century, it triggered a long-lasting loss of faith in the currency. This devaluation was the beginning of the end, as the Empire never recovered its financial footing.
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Well, the USA certainly missed the boat on this one. The US$ has lost 99% of its value in the last 40 years.
How do we turn that about?
It’s easy. END THE FED!
The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians.
Tie the value of the dollar directly to gold and silver as the Dead Old White Guys had in the Constitution. (They knew the ravages of “paper money” inflated by bankrupt Gooferments.
I doubt it.
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