Posted tagged ‘Greece’

Currency Debasement Unleashes More Then Just The Economic Forces Of Correction.

October 20, 2012
The execution of Robespierre and his supporter...

The execution of Robespierre and his supporters on 28 July 1794 (Photo credit: Wikipedia)

This article at Zero Hedge, “From Currency Debasement To Social Collapse“, talks about processes that are put into play when the currency is debased. The inevitable destruction of the present capital structure, leading to a loss of wealth, is one process that more of us are starting to understand because we have been operating inside of this counterfeiting reality since the mid 90’s. The tech bubble and the housing bubble┬á destroyed capital which was misallocated during these bubbles. The present financial and asset bubble will destroy more misallocated capital when the Fed has to pull out the expansionary rug from underneath it.

It’s uncomfortable to allow a passing thought about social collapse to enter our mind. To actually look at some present and historical examples of debasement and collapse (more…)