From Athens to Rome to Spain to England to NOW. Currency Debasement Schemes Spit Out Disastrous Doom Loops

Bank Runs are Imminent. Get your Money out.

by Pixy St. Claire

Unfortunately throughout history when the Government is bankrupt (always because of war spending) it ends up stealing aka “recalling” money from its own citizens. There is no exception to this rule in history.

• Re-minting Coins. 

• Debasing Currency. 

• Inflating Money Supply.

• Confiscating Gold. 

• and next …Introducing FEDNOW or SWIFT the CBDC. 

Whatever you call it, it Spells DOOM for the Villagers.

This is exactly the same playbook that started after the Peloponnesian War bankrupted Athens. The war was promoted as a short war and lasted almost 30 years.

• This 3 and a half minute video shows what happened over 2,200 years ago.

• Please notice that these forces are playing out precisely the same today.

• The Mines of Laurion had over 2000 mine shafts and tunnels fueling Athens Economy

VIDEO FEATURE: Athens, Rome, Spain, England, USA All Fall the Same Way

After you watch this short video you will know more than I do about what is going on and what to do next.

The mighty city-state of Athens spiraled into economic decline after the Peloponnesian War, and Rome followed in her footsteps, collapsing for the same reasons. Today is no different. We want you to see if our thesis is correct: War spending creates currency debasement, and then trouble spreads like a deadly plague infecting the countryside.

Our story unfolds around 400 BCE with the depletion of the Laurion mines, a significant source of silver for the Athenians. Silver was the lifeblood of Athens' economy, driving trade and military expenditure. As the Laurion mines began to run dry, the flow of silver started to dwindle, setting the stage for a crisis that would shake Athens to its core.

The Athenians embarked on a widespread coin re-minting initiative to keep the economy afloat. This was a familiar tactic. A century earlier, the Athenian leader Hippias had invalidated existing coins, fixed their value, and exchanged them for newly minted ones. Hippias figured out that if he confiscated the silver, he could re-mint the coin with inferior purity, and though he tried to make the coins look identical, the villagers understood the coins were garbage compared to the good money they had to surrender. The impact on the city's economy was profound. Hippias profited, but the city's economy wobbled.

Fast forward to the aftermath of the Peloponnesian War and the exhaustion of the Laurion mines. Attica was caught in a whirlwind of coin devaluation and re-minting.

Dionysios I of Syracuse confiscated and re-minted all coins at double their original value, even threatening death sentences for those who refused. He diluted the Silver purity and kept the proceeds.

Meanwhile, Leukon I of the Cimmerian Bosphoros rendered unchanged coins worthless with a single decree.

By 340 BCE, Athens faced stiff competition from emerging gold and silver industries in Macedonia and Thrace.

The situation worsened when Alexander the Great brought the silver industry under his control. Alexander the Great was not so great at managing the economy. His plan was to seize the silver for war leaving the villagers with inflation, civil strife, misery and poverty.

The victory of Rome over Macedonia in 168 BCE offered Athens a brief lifeline. With access to cheap slave labor and new mining technologies, Athens managed to revive the Laurion mines for a short period. Still, Athens was so weakened by war and currency debasement that their eventual collapse proved easy prey for the next top-dog empire, which we all know was Rome.

Throughout history, the playbook repeats. Empires with access to silver can have prosperous decades, but once the Ruling Class starts usurping the public goodwill to fuel their lust for war, control, and prestige, these immoral practices have disastrous consequences and are at the expense of the citizens. Attempts to stabilize the economy through coin re-minting only serve to destabilize Nations further. In the end, the once-prosperous city of Athens fell into a prolonged period of economic decline, a stark reminder that even the mightiest can fall.

Look around you today for signals and clues showing the precise pattern repeating. Since 1991, the US has been in 251 conflicts and undeclared wars.

Right Now, we are at war with Russia and Iran and even feeding both sides of wars in the Middle East. Should China invade Taiwan, the USA will jump in there, too. Unrelenting wars lead to unending currency debasement. Let's Resist these Unending Wars and not allow Paper War Bonds to Destroy our Families and threaten our quality of life.