Japan – The Total Collapse of the Monetary System
of 4
Transcript of Japan – The Total Collapse of the Monetary System
-
7/29/2019 Japan The Total Collapse of the Monetary System
1/4
Japan The Total Collapse of the Monetary System
Posted on January 25, 2013
When I say we have produced the most comprehensive research project covering the world monetarysystem structures on a global basis, I mean it is truly second to none. The chart we have often shownregarding the collapse of the Monetary System of Rome cost more that $20 million to produce, Wehave constructed the entire global monetary system that includes Asia as well. I have often stated thathistory repeats because the passions of man never change.
http://armstrongeconomics.com/2013/01/25/japan-the-total-collapse-of-the-monetary-system/http://armstrongeconomics.files.wordpress.com/2012/08/decfall-silver.jpghttp://armstrongeconomics.com/2013/01/25/japan-the-total-collapse-of-the-monetary-system/ -
7/29/2019 Japan The Total Collapse of the Monetary System
2/4
I have also explained that Asia has always been a fiat monetary system unlike the ideas that circulateclaiming money must be tangible. It is by no means what we regard as money, for that is simply amedium of exchange and should NEVERbe regarded as a store of wealth since everything rises andfalls as we can see just here with the gold silver ratio. Nothing is EVERconstant. Absolutelyeverything fluctuates which is why you can never peg currencies or try to fix some monetary standard.The Free Markets will always tear the best laid plans apart.
http://armstrongeconomics.files.wordpress.com/2012/10/13-silver-gold-ratio-1700-to-date.jpg -
7/29/2019 Japan The Total Collapse of the Monetary System
3/4
However, it is Japan that provides the most drastic example from history of fiat monetary systems.During the Nara Period, the state was dominated by religion. They believed that the emperor waschosen by God and whatever he said was therefore written in heaven, There were numerous monetaryreforms in Japan and each time a new coin was issued it was valued at 10 times that of what waspreviously in circulation. This is a chart of the massive fiat revaluations that took place that rendered
coinage worthless.The consequences of this fiscal mismanagement meant that everything collapsed. The capital of Japanleft Nara separating itself from the Buddhist monks. This created the new capital of Kyoto. However,the constant fiat revaluations had destroyed the confidence in money so that the use of coinagedeclined. From 987 until 1587, Japan devolved into a monetary system of pure barter. THERE WERENO COINS MINTED FOR 600 YEARS.
http://armstrongeconomics.files.wordpress.com/2013/01/chart-ten-618-987.jpg -
7/29/2019 Japan The Total Collapse of the Monetary System
4/4
Even the United States defaulted on the colonial currency. When the new federal government wasformed, they prohibited the issue of money by the states as will take place in Europe if it tries to holdtogether. The new US federal government also stopped issuing paper money. The first US federal papermoney did not appear for 72 years 1789 to 1861. The monetary system has routinely collapsed and youend up with a economic void. What we face will be the subject of a special report and the SovereignDebt Crisis on March 16th, in Philadelphia. It is beyond what most even contemplate.
http://armstrongeconomics.com/conferences-2/sovereign-debt-crisis-conference-march-13th-2013/http://armstrongeconomics.com/conferences-2/sovereign-debt-crisis-conference-march-13th-2013/http://armstrongeconomics.files.wordpress.com/2012/06/continental60-1779.jpghttp://armstrongeconomics.com/conferences-2/sovereign-debt-crisis-conference-march-13th-2013/http://armstrongeconomics.com/conferences-2/sovereign-debt-crisis-conference-march-13th-2013/
