Bloomberg: Worse financial crisis in 1600 years
- Thread starter bond tr4der
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This time is different. The Romans lacked a strong central bank willing to provide liquidity when needed.
Plus, deflation is much easier when effort and materials actually had to be inputted to make money.
Plus, deflation is much easier when effort and materials actually had to be inputted to make money.
Fortunately BSAM they did. I argued that Roman technology could develop some sort of hybrid chariot and only 1300 years later the stagecoach verified my vision. Slaves in Rome though had contracts that paled some of the more recent UAW agreements. As flogging was eliminated by negotiation productivity in turn greatly suffered. A bailout without corporal punishment is just limp wristed stimulous like that used in Carthage.
Still think USA is about to go the way of the Romans.
This article seems to be fabricated. It is circulating around the net at various sites, however everytime without a link to the original article at bloomberg and with obvious spelling errors.
A search at bloomberg.com for this article returned no result.
A search at bloomberg.com for this article returned no result.
Yes, and lets not forget about how the giant retailers like Rome-mart were importing less and less barbarian made goods. Even though the Barbarians were running at a surplus, when Romans stopped shopping at Rome-mart, the barbarians got mad and sacked rome.
It all started with the price of horse feed that was priced at 4 denarius per gallon....i mean per bag...one summer when horse feed speculators drove the price of feed up...then the price of feed dropped down into the 1.50 range when the recession hit.
But i think we can trace the start of it to when the big investment bank, Rome-Sterns collapsed and was bought out by Julius-Cesaer Morgan (Also known as J.C. Morgan at the time.)
It all started with the price of horse feed that was priced at 4 denarius per gallon....i mean per bag...one summer when horse feed speculators drove the price of feed up...then the price of feed dropped down into the 1.50 range when the recession hit.
But i think we can trace the start of it to when the big investment bank, Rome-Sterns collapsed and was bought out by Julius-Cesaer Morgan (Also known as J.C. Morgan at the time.)
tradersboredom
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the founders of America wanted during the renaisance when ROME and GREEK philosophy empired building was idolized.
many of the institutions in the US like senate influenced by ROMAN governance.
that war and years decades or century of war and internal conflict caused th fall of Rome. the population of ROMAN citizens actually fell.
war has taken down many empires over the centuries.
many of the institutions in the US like senate influenced by ROMAN governance.
that war and years decades or century of war and internal conflict caused th fall of Rome. the population of ROMAN citizens actually fell.
war has taken down many empires over the centuries.