The Egyptians were the first real empire on the planet, controlling everything for the better part of 3000 years. They had a vast pool of slave labor to work their fields, build their pyramids, and fight their wars. For centuries the working class (slaves) had to tote that barge & lift that bale or face the wrath of the whip master. Ruling in this manner of brute force, meaning all stick and no carrot, has its limitations. Worker morale was poor, each whip master could manage only so many slaves, and those slaves were only as productive as they needed to be to avoid the business end of the whip. The system was rife with inefficiency.
i think the history of Egypt is somewhat wrong though, it might be true about the slaves and whatnot. this guy thinks Egypt is much much older and his evidence is compelling if your interested https://youtu.be/u7UmGEMduI8
Once the money is fake the growth of government is unstoppable. Before 1913 and The Fed, gold kept government spending tiny because raising taxes is unpopular. Nobody in the US before 1913 ever suffered from inflation because it didn't exist. Government debt in 1910 was only 10% of GDP, but government debt didn't matter to average Joe because even if the government defaulted Joe had gold and silver in his pocket. When the metals were taken out of the coins the RISK was offloaded from the government to the people as now they held Fed Bank Notes. Our fate is sealed both historically and mathematically. “All the perplexities, confusion and distress in America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit, and circulation.”
interesting and worrying if i were the type.
i think the history of Egypt is somewhat wrong though, it might be true about the slaves and whatnot. this guy thinks Egypt is much much older and his evidence is compelling if your interested https://youtu.be/u7UmGEMduI8
Your magnum opus, very impressive. Really, expansive and I think spot on.
Why food shortages?
Well… So much for planning for my retirement, lol….
Once the money is fake the growth of government is unstoppable. Before 1913 and The Fed, gold kept government spending tiny because raising taxes is unpopular. Nobody in the US before 1913 ever suffered from inflation because it didn't exist. Government debt in 1910 was only 10% of GDP, but government debt didn't matter to average Joe because even if the government defaulted Joe had gold and silver in his pocket. When the metals were taken out of the coins the RISK was offloaded from the government to the people as now they held Fed Bank Notes. Our fate is sealed both historically and mathematically. “All the perplexities, confusion and distress in America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit, and circulation.”
~ John Adams