Aristo! Aristo! A la lanterne!

Fat old retired nobody, blathering into the abyss.

Sunday, March 25, 2012

Chronicling the fall.... debased gold bullion


Things like this happened before in history....

"Let’s consider the run-up to Rome’s hyperinflation. I think this comment from jaysromanhistory.com “Good Money, Bad Money, and Runaway Inflation” resonates with what’s happening in the US today:

“Severus Alexander (AD 222-235) tried to reform by going back to the denarius but, once started, this path of runaway inflation and financial irresponsibility on the part of the imperial government proved impossible to control.”

Posted by Carteach at 8:06 AM
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