The Biggest Ponzi Scheme on the Planet-The U.S. Government
"American Economic Exceptionalism Explained"                     USAPonzi                                      by John W. White   Mar 29, 2013

Roman Empire
Apr 2013

The situation of the Roman Empire became dire in AD 235, when the emperor Alexander Severus was murdered by his own troops. Many Roman legions had been defeated during a campaign against Germanic peoples raiding across the borders, while the emperor was focused primarily on the dangers from the Sassanid Persian Empire. Leading his troops personally, Alexander Severus resorted to diplomacy and paying tribute in an attempt to pacify the Germanic chieftains quickly. According to Herodian this cost him the respect of his troops, who may have felt they should be punishing the tribes who were intruding on Rome's territory.[2]

In the years following the emperor's death, generals of the Roman army fought each other for control of the Empire and neglected their duties in preventing invasions from foreigners. Provincials became victims of frequent raids by foreign tribes, such as the Carpians, Goths, Vandals, and Alamanni, along the Rhine and Danube Rivers in the western part of the Empire, as well as attacks from Sassanids in the eastern part of the Empire. Additionally, in 251, the Plague of Cyprian (possibly smallpox), broke out, causing large-scale mortality which may have seriously affected the ability of the Empire to defend itself.

Internally, the empire faced hyperinflation caused by years of coinage devaluation. This had started earlier under the Severan emperors who enlarged the army by one quarter[citation needed] and doubled the legionaries' base pay. As each of the short-lived emperors took power, he needed ways to raise money quickly to pay the military's "accession bonus" and the easiest way to do so was by simply cutting the silver in coins and adding less valuable metals like bronze or copper.

This had the predictable effect of causing runaway inflation, and by the time Diocletian came to power, the old coinage of the Roman Empire had nearly collapsed. Some taxes were collected in kind and values were often notional in bullion or bronze coinage. Real values continued to be figured in gold coinage, but the silver coin, the denarius, used for 300 years, was gone (1 pound of gold = 40 gold aurei = 1000 denarii = 4000 sestertii).[citation needed] This currency had almost no value by the end of the third century, and trade was carried out by barter[citation needed] — every aspect of the Roman way of life was affected.

This is the result we can expect if we continue QEinfinity to the degree necessary to meet the financal obligations represented by our National Burden and the underlying USA PONZI Scheme.

Next page: Weimar Republic