The debt problem is enormous, and the system for fixing it is broken
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Re: The debt problem is enormous, and the system for fixing it is broken
#2“In all honesty, it was the Debt Crisis that ended the Roman Republic. There was a Sovereign Debt Crisis during the Roman Republic period resulted in a dictatorship and a debt default.
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Therefore, we find that the debt crisis was correlated with a separatist movement – which we are beginning to see worldwide starting in Europe, but will eventually become a contagion in the United States as the conflict between left and right erupts after the November elections.”
Timing was pretty bang on if you consider Jan 6th as a turning point
https://www.armstrongeconomics.com/history/ancient-economies...
Re: The debt problem is enormous, and the system for fixing it is broken
#3“In all honesty, it was the Debt Crisis that ended the Roman Republic. There was a Sovereign Debt Crisis during the Roman Republic period resulted in a dictatorship and a debt default. … Therefore, we find that the debt crisis was correlated with a separatist movement – which we are beginning to see worldwide starting in Europe, but will eventually become a contagion in the United States as the conflict between left…
Why would you consider January 6 protests to be the turning point specifically? It was neither particularly violent nor a first regarding violation of norms. There was no attempt at rallying armed forces in a coup d’etat.
Could just as well consider something like the Tea Party circa 2010 a turning point in separatism.
For the modern era, at least.
Re: The debt problem is enormous, and the system for fixing it is broken
#4“In all honesty, it was the Debt Crisis that ended the Roman Republic. There was a Sovereign Debt Crisis during the Roman Republic period resulted in a dictatorship and a debt default. … Therefore, we find that the debt crisis was correlated with a separatist movement – which we are beginning to see worldwide starting in Europe, but will eventually become a contagion in the United States as the conflict between left…
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Re: The debt problem is enormous, and the system for fixing it is broken
#5Paywalled
Re: The debt problem is enormous, and the system for fixing it is broken
#6Seems like an extremely poorly written article with an agenda.
Specifically the Roman Republic ~100BC had massive issues which were not necessarily directly related to some "Sovereign Debt Crisis" at the time. Which conveniently the article hasn't described at all jumping to the civil war which it allegedly caused (even though it was the other way around). The Social War was mainly fought over land redistribution, civil rights, equality before the law and the right to vote...
And in any case the debt crisis they are referring wasn't about "sovereign" debt (not really a thing back then) as much as about personal debt and it was a direct outcome of both the devastation during the civil war in Italy and the semi-genocidal Mithridatic war in Asia Minor which began with the rebels executing every single Italian they could fine (which was a bit of a disaster for Italian commerce..).
Modern would just print massive amounts of money during such situations (e.g. Covid) Romans obviously couldn't, so they ended up abolishing 75% of all debt held by anyone which would've achieved the same result, stimulating the economy.
Re: The debt problem is enormous, and the system for fixing it is broken
#7“In all honesty, it was the Debt Crisis that ended the Roman Republic. There was a Sovereign Debt Crisis during the Roman Republic period resulted in a dictatorship and a debt default. … Therefore, we find that the debt crisis was correlated with a separatist movement – which we are beginning to see worldwide starting in Europe, but will eventually become a contagion in the United States as the conflict between left…
Oh sure, Goths, plagues and total moral decay were not the reason, the debt crisis was.
Re: The debt problem is enormous, and the system for fixing it is broken
#8“In all honesty, it was the Debt Crisis that ended the Roman Republic. There was a Sovereign Debt Crisis during the Roman Republic period resulted in a dictatorship and a debt default. … Therefore, we find that the debt crisis was correlated with a separatist movement – which we are beginning to see worldwide starting in Europe, but will eventually become a contagion in the United States as the conflict between left…
Why would you consider January 6 protests to be the turning point specifically? It was neither particularly violent nor a first regarding violation of norms. There was no attempt at rallying armed forces in a coup d’etat. Could just as well consider something like the Tea Party circa 2010 a turning point in separatism. For the modern era, at least.
> It was neither particularly violent
Wow. I know perhaps this makes sense from a non-American perspective, but as an American, January 6 was incredibly violent. I think some people forget that this isn't normal.
Re: The debt problem is enormous, and the system for fixing it is broken
#9“In all honesty, it was the Debt Crisis that ended the Roman Republic. There was a Sovereign Debt Crisis during the Roman Republic period resulted in a dictatorship and a debt default. … Therefore, we find that the debt crisis was correlated with a separatist movement – which we are beginning to see worldwide starting in Europe, but will eventually become a contagion in the United States as the conflict between left…
Why would you consider January 6 protests to be the turning point specifically? It was neither particularly violent nor a first regarding violation of norms. There was no attempt at rallying armed forces in a coup d’etat. Could just as well consider something like the Tea Party circa 2010 a turning point in separatism. For the modern era, at least.
>There was no attempt at rallying armed forces in a coup d’etat.
What are you talking about? There most certainly was, and a successful one at that. The mob had firearms and pipe bombs and a wide variety of melee weapons. They smashed their way into the building. Rioters intended to hold lawmakers captive and planned to execute the vice president. Several people died.
The sitting president led a mob to levy war against the United States. The fact that it was ineffective doesn't matter.
Re: The debt problem is enormous, and the system for fixing it is broken
#10“In all honesty, it was the Debt Crisis that ended the Roman Republic. There was a Sovereign Debt Crisis during the Roman Republic period resulted in a dictatorship and a debt default. … Therefore, we find that the debt crisis was correlated with a separatist movement – which we are beginning to see worldwide starting in Europe, but will eventually become a contagion in the United States as the conflict between left…
Why would you consider January 6 protests to be the turning point specifically? It was neither particularly violent nor a first regarding violation of norms. There was no attempt at rallying armed forces in a coup d’etat. Could just as well consider something like the Tea Party circa 2010 a turning point in separatism. For the modern era, at least.
Mobs of people storming the Capitol is a violation of norms. Are you sure you are okay?