Economic Insanity and Political Reality

February 22, 2016 by · Leave a Comment 

Globalism is the embodiment of economic insanity. There is nothing new in this scheme to supplant reality with Elysium. Dating back before the common era the manipulations were entrenched. From The Greatness and Decline of Rome, Guglielmo Ferrero, Vol. II, pg. 57:

“. . . But meanwhile, before the empire of Rome became coextensive with Alexander’s, the most immediate and decisive effect of the universal enthusiasm was to impel men to incur the most impossible obligations. Nearly every one was at once both creditor and debtor; men lent one another any little money they possessed, and borrowed again whenever they were in difficulties. Italian society had become an inextricable labyrinth of debit and credit, through the system of Syngraphae or letters of credit, which were negotiated in the same way as securities and bills of exchange today, because the scarcity of capital and the frequent oscillations in prices would have made it ruinous for them to be redeemed too frequently. Those who were in need of money attempted to sell to some financier the claims they had on other persons, and the financier would give cash payment, of course with a proportionate discount according to the prospects of the debt, the needs of the creditor and the condition of the money market. . . “

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