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Letters by a modern St. Ferdinand III about cults

Plenty of cults exist - every cult has its 'religious dogma', its idols, its 'prophets', its 'science', its 'proof' and its intolerant liturgy of demands.  Cults everywhere:  Islam, the State, the cult of Gay and Queer, Marxism, Darwin and Evolution, 'Science', Globaloneywarming, Changing Climate, Abortion....a nice variety for the human-hater, amoral, anti-rationalist to choose from.  It is so much fun mocking them isn't it ?

Tempus Fugit Memento Mori - Time Flies Remember Death 

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Saturday, February 20, 2016

Real world Inflation and currency destruction.

Don't believe the lies of the Media and 'experts who know'. They know nothing.

by StFerdIII

 Since 1970 the value of a dollar in any currency has declined by about 85%. There is rampant inflation as prices for goods and their rate of increase in 46 years, far exceeds the increase in income or wages. Modern currencies are being debased on purpose – to allow printing, spending and socialization and the attendant build up of non-repayable debt levels [reduced through currency destruction].

Rome collapsed due to many factors, a key causal factor was inflation and the concomitant dislocation in the political-economy.

The Money Project

On Roman Inflation:

Adding more coins of poorer quality into circulation did not help increase prosperity – it just transferred wealth away from the people, and it meant that more coins were needed to pay for goods and services.

At times, there was runaway inflation in the empire. For example, soldiers demanded far higher wages as the quality of coins diminished.

Nobody should have any money but I, so that I may bestow it upon the soldiers.” – Caracalla, who raised soldiers pay by 50% near 210 AD.

By 265 AD, when there was only 0.5% silver left in a denarius, prices skyrocketed 1,000% across the Roman Empire.

Only barbarian mercenaries were to be paid in gold.”


 




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