♞ Fall Of Roman Empire! ♞ Mandates Broke Silver.Submitted by Mark Twain on Sat, 05/21/2011 - 01:38
Rome Destroyed by Unfunded Pensions, by Martin Armstrong.
Unfunded Mandates broke the Roman Empire. Brief summary of how quickly the Roman Empire crumbled. Beautifully decorated with 4 artifacts & 2 stylish charts. Silver went to zero; gone went the Empire.
This tale brilliantly & briefly makes Dr Ron Paul's point about Empires destroying themselves by mismanaging money.
In Roman Empire reign, salt was a leading way to improve flavor & ward off infestations. Roman soldiers worth their salt, earned a salarium – a sum of money - with which to purchase salt. By &by, salarium (from the Latin salarius, 'of salt') came to refer simply to money paid to the soldiers. This salt based system expanded to include compensation paid to any official of the Roman Empire. Eventually, wages in general were paid in salt equivalents. It could be said Roman Generals waged war with salt. The Roman Empire became a salt based economy. Then, when silver was emptied from the treasury, military pensioners were stunned to find they too were offered but salt.
This ushered in a period known today as the "Fall of the Roman Empire."
The charts in this linked essay, show the clear and present danger of debasing an economy down to... but for salt.
Today, a soldier might sing, "But for carbon, I verily go."
Tomorrow, any official of the Empire may dicover, "Verily we go, but for thin air."