Authored by Jeffrey Harding via The Mises Institute,
There are lots of ways to kill off a civilization. Wars, politics, economic collapse. But what are the actual mechanics? It might be a useful thing to know whether or not we are killing ourselves off.
Ancient Rome is a good place to start. They had an advanced civilization. They had running water, sewers, flush toilets, concrete, roads, bridges, dams, an international highway system, mechanical reapers, water-powered mills, public baths, soap, banking, commerce, free trade, a legal code, a court system, science, literature, and a republican system of government. And a strong army to enforce stability and peace (Pax Romana). It wasn't perfect, but they were on their way to modernity.
One of my favorite quotes is from Marcus Tullius Cicero, statesman, orator and writer (106-43 BCE):
Times are bad. Children no longer obey their parents, and everyone is writing a book.
If that isn't a mark of a civilized society I don't know what is.
But Rome collapsed. I often wonder what would have happened if it hadn't. Could we have avoided a thousand years of the Dark Ages. Could we have been flying airplanes and driving cars in the year 1000 ?
What the hell happened to Rome?
Dictators. After 500 years, the famous Roman Republic ended with the dictator Julius Caesar taking power. Four hundred years later his progeny and usurpers ran the Empire into the ground and Rome fell to invading barbarians.
The standard explanation for Rome's decline and fall is that they devolved into dictatorships (true, but not the cause of their fall). Or they became decadent and corrupt (true, but not the cause of their fall). They fell to barbarian invasions (true, but not the cause of their fall).
Rome fell because the dictators ruined the Roman economy and the institutions that had made it prosperous. Rome was falling apart before the barbarian invasions.
How did the Caesars do that? They were profligate spenders. As emperors with absolute power usually do, they thought big: infrastructure (roads, temples, palaces), a huge bureaucracy, and, as the key to maintaining their power they had a very large, loyal, and well paid army. As a consequence, massive government spending far outstripped revenue. They had what today we call a deficit problem.
They did two disastrous things to solve their deficit.
First, they kept raising taxes which became punitive. Not caring much about the consequences to the merchants, small farmers, and peasants, they came up with new ways to squeeze money out of their citizens. Onerous taxes led to tax evasion. The government's response was to double down and implement laws that restricted economic freedoms in order to raise even more taxes. Heavy taxes forced property owners, small and large, off the land. Large feudal estates run by political cronies arose in their place. Laws were enacted that forced peasants into virtual serfdom. Business owners and their children were prevented from changing jobs or towns. And, taxes had to be paid either in gold or in kind or they would lose everything. Gold became scarce. Gold money was only lawfully available to the government, army, and bureaucrats.
[Ron: Actually the Pharisees had plenty of gold because having gold and manipulating control of it, and lending it to dictators, was their speciality then just as it is now.].
Second, they debased the currency which led to inflation. It was the equivalent of printing money to pay for things. The resulting bouts of high inflation destroyed much of commerce and agriculture. Like most dictators they thought they could stop rising prices by implementing price controls, but that just led to gold and goods disappearing from the economy. Black markets grew despite threats of capital punishment. Unemployment and homelessness rose. Their large welfare system kept running short of money. Commercial, legal, and moral institutions were falling apart. Corruption was endemic. The resulting booms and busts and depressions were destroying the economy.
By the time the Goth and Visigoth invaders came along, Rome was so weakened that they could not hold back the waves of invasions. At the end, Roman citizens saw the government as the enemy and the invading barbarians as their saviors. Rome fell in 410 CE. What emerged was what we now know as the Middle Ages - it lasted for a thousand years. You know what that was like. They didn't call it the Dark Ages for nothing.
[Ron: This is a somewhat simplistic and misleading account of the devolution and destruction of the Roman Empire. Moreover, the so-called Dark Ages produced Christendom the Magna Carta, the birth of medieval Universities and the Renaissance.
Arguably Emperor Diocletian's drastic taxation reforms in the late Third Century AD created the conditions that resulted in the political fragmentation of the Empire and the rigid socio-vocational structures that became the guilds.
The tax reforms of Diocletian (ruled 284 -305) enacted in 297 AD, increased Imperial taxation and taxed hitherto exempt wealthy landowners as well as the rest of the economy. He also made town and city merchant elites responsible for collecting Imperial taxes in the countryside. The result was a deterioration in prosperity and regional cohesion and control, as rich landowners started to fortify their estates and resist taxation by the urban elites. This was the beginning of the medieval serfdom system as the gradual collapse of imperial control in Central and Western Europe morphed into Medieval Christian fiefdoms when Rome collapsed.
Michael Hudson says that Diocletian's successor, Constantine (ruled 306-337), enacted a monetary reform in the 310’s, basing the military-fiscal state on the gold solidus. The effect was monetary deflation. 'Like the gold standard of the nineteenth and twentieth centuries, Prof. Weisweiler explained in his paper on the Late Roman economy: "the introduction of the solidus was a golden age for capital-owners but a dark period for lower strata of the population.” Yet Medium-sized farms survived without being reduced to serfdom, and wage labor was available for hire at harvest time. The proportion of Italy’s population enslaved is now deemed to have been around 15 percent.'
'There were no slave revolts, but debtors rebelled or defected to invaders, as they had done earlier in antiquity. Prof. Weisweiler described how, when a Gothic army defeated that of Rome at Adrianople (eastern Turkey) in 378, local guides brought the victors “to the villas of great landowners, who were then plundered by a coalition of Gothic soldiers and local residents. When in 408 the Romano-Gothic military leader Alaric for the first time besieged the city of Rome, his forces were swollen by many debtors who left the imperial capital to join his army.”' [See eg: Revolts of the Debtors:From Socrates to Ibn Khaldun - http://www.abundanthope.net/pages/Political_Information_43/Revolts-of-the-Debtors-From-Socrates-to-Ibn-Khaldun.shtml
The parallels with today's neo-Pharisaic monetary policies are obvious.
Arguably Pharisees exercised undue influence upon Roman emperors and especially upon Diocletian, Constantine and others like Justinian, in relation to religion, monetary and other matters. Although most of the history of Pharisaic influence has been scrubbed from the historical records, a visible sign of their influence was Emperor Constantine's creation of the Christian religion. Esu Immanuel (aka Jesus the Christ) did not incarnate to establish a religion and didn't. Jesus came to teach divine truths that had been forgotten over millenia and corrupted by Pharisees and others. The Pharisees had so much influence that they were able to have Constantine establish the Christian religion and to have the Torah included in the Christian Bible despite the fact that they had crucified Jesus and sought to eradicate his teachings. Including the demonic Torah into the Bible as the Old Testament was meant to destroy Jesus' teaching and in fact it has done that to a substantial extent as the widespread acceptance of the false "Judeo-Christian values" meme attests. Emperor Justinian's elimination from the Bible of all references to Jesus' teaching about reincarnation completed the elimination of Jesus' Good News. See eg: Pope [Vigilius] Arrested for Believing in Reincarnation - http://abundanthope.net/pages/Political_Information_43/Pope-Vigilius-Arrested-for-Believing-in-Reincarnation.shtml
Similarly, it appears that the Pharisees influenced Imperial policies in relation to money and taxation and accordingly they can be said to be a root cause of the monetary policies of Diocletian and Constantine which led to the disintegration of the Western Roman Empire. In that sense the Pharisees were integral to the process that led to the collapse of the Roman Empire but they do not seem to have been the instigators of the immigrant invasions of the Empire in the way that neo-Pharisees like Soros and his bankster allies are instigating and funding the Third World invasions of the US, UK and EU are today.].
Much of Rome's economic history is quite familiar in modern times. Even after thousands of years of evidence of repeated failure, bad [Ron: Talmudic] ideas simply don't die. Proponents of bad ideas are either ignorant of history or just ignorant. Or they are politicians (as Mark Twin said, "But I repeat myself.").
[Ron: Arguably the primary proponents of "bad ideas" about money and almost everything else are the Talmudists. Certainly today's politicians are generally controlled and directed by Talmudic banksters and corporatists.].
One bad idea with ancient precedents is Modern Monetary Theory (MMT). MMT is the New Thing among Progressives in America. Politicians like Alexandria Ocasio-Cortez (AOC) and Bernie are quite excited about MMT. They think they have discovered the Holy Grail of economics.
Progressives believe that government can and should cause economic growth and prosperity. They believe government can do this by various controls, regulations, spending programs, and monetary manipulation. They believe proper government spending will stimulate demand, generate consumer spending, kick-start production, and, voila! we have full employment and prosperity. Along the way we can solve various social problems.
[Ron: Governments do not "cause economic growth and prosperity" people do! Accordingly people, properly organised into self governing communities, can and should organise the creation, distribution and regulation of their money supply, and its reasonable use.
Whatever is used for "money" is essentially a lubricant; a means to facilitate the production and exchange Of goods and services. IF a community issues interest free "money" to buy goods and services or to build a road or a hospital or to pay hospital staff etc, and ensures that it gets proper value for that "money", something tangible and usable is produced. That is NOT inflationary, ie it does not devalue the value of money. Those being paid "money" for producing those tangible goods and services can then exchange their "money" tokens for goods and services produced by others. In an honest, healthy economy where the community issues enough interest free "money" to ensure full employment, everyone can acquire that "money" for some valuable good or service or as a gift, and use it to obtain other goods and services. And as the "money" is usury (interest) free, no one will seek to hoard it or lend it at interest. The net result is a rapid transfer of "money" as people use it. That increased VELOCITY of "money" circulation begets further activity and so on. There is no reason for a recession or depression to occur unless the community, fails to issue sufficient money to grease the wheels of societal interaction, ie to adequately stimulate community activities.
The existing Talmudic Western monetary system is dysfunctional due to the fact that private banksters have been given a FREE monopoly on money creation and distribution which they routinely abuse for personal profit. Thay also charge interest (usury) on the fiat debt token "money" they create out of thin air and lend, while at the same time they do not create any "money" to pay that interest. Accordingly, there is always a shortage of money in the system which can only be remedied by creating more "money" via bankster loans which, in turn, require interest payments, but the money for those interest payments is NOT created. GET THE PICTURE! It's a PONZI SCHEME! Anyone arguing for the continuation of such a system and/or belittling a properly organised and implemented non-usurious, monetary scheme, is a SHILL or totally ill informed!
Articles like this one are merely propaganda tools in the service of the banksters and corporatists who need propaganda Pied Pipers to bemuse and mislead public opinion. A plethora of these flippant "put down"articles in the Jew owned MSM and ALT media is needed to keep the the truth seeking public ignorant and afraid of being lampooned by the commentariat in much the same way that the MSM ridicules as "conspiracy theories" all truth tellers on other issues that expose the malfeasance of the global control matrix.
In particular this author ignores the reality that the current global banking and financial systems operating through the US Federal Reserve System in tandem with the BIS and the Rothschilds' controlled Central Bank system are riddled with fraud and on the verge of collapse. Never the less it is now obvious that the global financial and economic systems are collapsing and only appear to be still standing because 'bought and paid for' politicians, bureaucrats, media and other opinion leaders like this author, are part of the charade under which the Fed and the ECB have created many trillions of USD and euros in imaginary "money" to inflate our world into oblivian. See also my comments on: Gilad Atzmon: Milton Friedman’s ‘Capitalism and the Jews’ Revisited -http://abundanthope.net/pages/Ron_71/Gilad-Atzmon-Milton-Friedman-s-Capitalism-and-the-Jews-Revisited.shtml].
The idea of MMT takes this one step further. They believe that the government can spend/buy whatever it wants and print pieces of greenish paper to pay for it. Government doesn't need to tax us or borrow money to do this - it can print whatever money it needs to pay for it. Deficits don't matter because by printing money to pay for stuff they instantly solve the deficit problem.
[Ron: deficits only exist in usurious money schemes.]
MMTers claim, with no shortage of arrogance, that they, Oz-like, can fine-tune the mechanics of how the economy is to be run and generate prosperity, prevent inflation, end inequality, and save the planet.
In other words, everything will be perfect; "just trust us" to run things. It sounds too good to be true.
AOC and Bernie Sanders and their supporters heartily embrace MMT. They want to break free of old-fashioned concepts such as fiscal integrity, balanced budgets, and monetary stability because they want no limits on their utopian schemes.
[Ron: What exactly are "fiscal integrity", "balanced budgets" and "monetary stability"? And HOW do the promulgaters of these "buzz words" explain why the US dollar now buys approximately what ONE US cent bought prior to the establishment of the Federal Reserve System? And why is poverty and dystopia growing in the US, UK and EU et al, IF these so-called "old fashioned concepts" have been sooo successful.?
MMT is a crackpot idea. It is the monetary equivalent of the Perpetual Motion Machine - it ignores the laws of economics.
[Ron: WTF are the laws of economics?! The FAUX equivalent of the Second Law of Thermodynamics?!?]
It's like asking third graders to invent money.
[Ron: NO it isn't! Talmudists and their demonic controllers invented the MONEY MEME thousands of years ago to enslave humanity on this planet. Moreover today's "money" doesn't even consist of bits of coloured paper. Most "money" today consists of FIAT DEBT TOKENS that "live" as electronic digets in cyber space. HOW REAL IS THAT? Third graders couldn't do worse than that!].
("I'm gonna print me a bunch of money and buy me a Ferrari an' a jet an' all the coolest video games an' ..."). Proponents confuse pieces of greenish paper with wealth and, as history has repeatedly proven, you can't print your way to wealth and prosperity.
[Ron: Really? Well how does this author account for the extreme wealth of the Rothchilds and Rockefellers et al? And how does this author explain the million dollar bonuses routinely received by Wall Street and other commercial banksters? This is a farrago of LYING Talmudic propaganda!].
There is nothing "modern" about Modern Monetary Theory. It has been tried many times over the centuries and it has never worked. In every case where governments have printed money to pay for things, the result has been cycles of boom and bust, inflation (and hyperinflation), economic stagnation, and social disorder.
[Ron: So, explain to me, WHY did the Great Depression occur in 1929 AFTER the US government GAVE private banksters sole control of the money creation and distribution process in the US via their privately owned Federal Reserve System corporation(s) which the banksters set up in 1913? And WHY are Booms and Busts and recessions still routine occurrances under the "benevolent" private bankster management experiences since 1913.].
MMTers simply don't understand what money is or the mechanics of the business cycle or the concept ofmalinvestment and the destruction of capital.
[Ron: Actually, properly managed MMT has almost never been tried. A limited exception was the use by the German National Socialist government in the 1930s which was quite successful. See eg: MONEY: NOW & LATER - Part III (Germany) - http://abundanthope.net/pages/Ron_71/MONEY_NOW_amp_LATER_-_Part_III_Germany_2913.shtml
Hitler's government created massive short-term sovereign credit with a firm commitment to retire in full the debt created by that credit - thus preventing inflation, that is, the devaluation of the currency that results from excessive creation of the money supply. The quick rollover of short-term government credit notes created popular domestic trust in German sovereign credit. To avoid reducing social programs, a large work program without deficit spending had to be financed outside of the Reich budget. Hitler resorted to "pre-financing" (Vorfinanzierung) by means of "work-creation bills" (Arbeitsbeschaffungswechseln), a classic response of using monetary measures to deal with a fiscal dilemma So, Hitler managed to avoid idiotic bankster monetary policy restraints but the National Socialist's sovereign credit creation policy double-crossed the Talmudic banksters. That meant that the City of London and the Fed had to oppose Hitler and thus, in due course, so did Churchill, the British Empire and the US.].
Why is it not possible that we could go the way of Rome? Franklin D. Roosevelt's New Deal resulted in 25 years of economic stagnation. Only post-FDR deregulation, more economic freedoms, capital investment, and fiscal and monetary sanity led to economic growth.
AOC's Green New Deal plus MMT would be worse than the old New Deal in that it places no limit on government's ability to spend which means government can command economic resources and control the direction of the economy. History has shown that governments aren't very good at that. Absolute power in the hands of the few is a bad idea.
[Ron: Governments as we know them, are run by greedy opportunists who are usually covertly controlled by Talmudic banksters and corporatists. Accordingly they are not going to handle ANY monetary policy honestly and with integrity; or with proper managerial ability. THAT doesn't mean that honest, well organised and committed communities cannot successfully create, issue and use non usurious "money". After all, if community representatives issue "money" and are held responsible for what they do by the rest of their community THAT has to be much better than having unidentified and unaccountable banksters doing it.].
How much destruction could MMT and utopian Progressive schemes like AOC's utopian Green New Deal inflict on our civilization? It is hard to tell, but I hope we don't have to look back some day and say the end started now.
[Ron: Arguably the "end" this author fears is upon us now under the current Talmudic monetary system. I suggest that we all pray that Presidents Trump, Putin and Xi can extricate our world from the grip of the Talmudists who run that system.].
[Colour fonts, bolding and comments in square brackets added.].
Paper Money Versus The Gold Standard - http://abundanthope.net/pages/True_US_History_108/Paper-Money-Versus-The-Gold-Standard.shtml
Americans Are in Desperate Need of a Lesson on the History of Slavery - http://abundanthope.net/pages/Education/Americans-Are-in-Desperate-Need-of-a-Lesson-on-the-History-of-Slavery.shtml
Revolts of the Debtors:From Socrates to Ibn Khaldun - http://www.abundanthope.net/pages/Political_Information_43/Revolts-of-the-Debtors-From-Socrates-to-Ibn-Khaldun.shtml
What is MMT And How It Works w/Stephanie Kelton - https://www.youtube.com/watch?v=5baKgv7Zl5g
The USA Isn’t a Country, It’s a Corporation! - http://abundanthope.net/pages/True_US_History_108/The-USA-Isn-t-a-Country-It-s-a-Corporation.shtml
Corporations Masquerading as Government in Australia & World Wide. See: http://abundanthope.net/pages/Political_Information_43/Corporations-Masquerading-as-Government-in-Australia-World-Wide.shtml
Financial Tyranny: America Has Become a Pay-to-Play Exercise in Fascism - http://abundanthope.net/pages/True_US_History_108/Financial-Tyranny-America-Has-Become-a-Pay-to-Play-Exercise-in-Fascism.shtml
Government is an extortion racket.- http://abundanthope.net/pages/Ron_71/Government-is-an-extortion-racket.shtml
How Interlinked Corporations Rule The World - http://abundanthope.net/pages/Political_Information_43/How-Interlinked-Corporations-Rule-The-World.shtml
Corporate Transnational Warlord Pirates Are On the Run- Vanguard - http://abundanthope.net/pages/True_US_History_108/Corporate-Transnational-Warlord-Pirates-Are-On-the-Run--Vanguard.shtml
The Mystery of the One Bank: its Owners? - Jeff NielsonT. See: http://abundanthope.net/pages/Political_Information_43/The-Mystery-of-the-One-Bank-its-Owners---Jeff-Nielson_printer.shtml
The Hidden-in-Plain-Sight Mechanism of the Super-Wealthy: Money-Laundering 2.0. See: http://abundanthope.net/pages/Political_Information_43/The-Hidden-in-Plain-Sight-Mechanism-of-the-Super-Wealthy-Money-Laundering-2-0.shtml
Politicians, Fearful and Ashamed of Truth, Rewrite History ! - http://abundanthope.net/pages/Political_Information_43/Politicians-Fearful-and-Ashamed-of-Truth-Rewrite-History.shtml
Does any nation still practise slavery? - http://abundanthope.net/pages/Ron_71/Does-any-nation-still-practise-slavery.shtml
Citizens United v. FEC: Corporate Personhood Must be Eliminated if Humanity is to Survive. - http://abundanthope.net/pages/Ron_71/Citizens-United-v-FEC-Corporate-Personhood-Must-GO-if-Humanity-is-to-Survive.shtml
An Investigative Report Re the US Strawman UCC/Redemption Process - US_History_108/An_Investigative_Report_Re_the_US_Strawman_UCC_Red_3358.shtml
The Matrix, the Strawman and WHO You Are - http://abundanthope.net/pages/Ron_71/The_Matrix_the_Strawman_and_WHO_You_Are_3030.shtml
Professor Accused Of "Hostile Learning Environment" For Assigning Male Authors - http://abundanthope.net/pages/Education/Professor-Accused-Of-Hostile-Learning-Environment-For-Assigning-Male-Authors.shtml
MONEY: NOW & LATER - Part III (Germany) - http://abundanthope.net/pages/Ron_71/MONEY_NOW_amp_LATER_-_Part_III_Germany_2913.shtml