No society can survive a false economic system

The implosion of the western half of the empire in 476AD, after repeated military incursions by the Goths and Vandals, resulted in the Dark Ages. A punishing multi-century deflationary depression followed. According to the United States Silver Commission of 1876 the metallic money of the Roman Empire at its height amounted to $1.8 billion, but by the end of the Dark Ages it had shrunk to $200 million. Agriculture was reduced to subsistence level. Large sailing vessels vanished as there was no trade. Commerce stagnated. Arts and science were lost and the knowledge of cement-making disappeared.

Major factors in the decline of the Roman Empire were the concentration of wealth,* the absence of mining deposits for industrial production, and the vast importation of non-White slaves with the resultant degradation of the genetic value of the nation. By the 4th century AD, as a result of the continuing decline in Roman female fertility, slaves outnumbered citizens by five to one. The most important economic reason was an inadequate supply of an inexpensive circulating medium of money and the false notion that money should be a commodity. Thus from an economic perspective, the lessons from the fall of Rome are that a dishonest economic system will inevitably contribute to the forces of dissolution. No society can survive a false economic system. For any society to function and prosper it is absolutely fundamental that the means of exchange be issued free of debt and interest by the legal authority of the state as representatives of the people in perpetuity.

* “When the Government of old Egypt fell, 4 per cent of all the people owned all the wealth. When the Babylonian civilisation toppled, 3 per cent of the people owned all the wealth. When old Persia went down to destruction, 2 per cent of the people owned all the wealth. When ancient Greece fell in ruins, one-half of 1 per cent of the people owned all the wealth. When the Roman Empire fell, two thousand people owned the wealth of the civilized world. Then followed the Dark Ages, from which the world did not recover until wealth was no longer concentrated. Today less than 1 per cent of the people controls 90 per cent of the wealth of these United States.” – as quoted in R. Maguire, “Money Made Mysterious”, American Mercury magazine, New York, 1958, 98. (American Mercury was founded by H.L. Mencken in 1924).

Stephen Goodson

History of Central Banking and the Enslavement of Mankind