{"id":36621,"date":"2025-01-19T14:25:12","date_gmt":"2025-01-19T14:25:12","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/real-estate\/paper-economy-ruin-nation\/"},"modified":"2025-01-19T14:25:12","modified_gmt":"2025-01-19T14:25:12","slug":"paper-economy-ruin-nation","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=36621","title":{"rendered":"Paper Economy: Ruin-Nation"},"content":{"rendered":"


\n<\/p>\n

\n

\u00a0Like this post? Consider\u00a0subscribing to my Substack<\/a>\u00a0for additional insights and content today!<\/span><\/i><\/p>\n

<\/a><\/div>\n

<\/p>\n

\n

\u201cThere is a great deal of ruin in a nation\u201d –\u00a0<\/span>Adam Smith<\/a>, 1777<\/span><\/p>\n<\/blockquote>\n

\u00a0Recently there has been a noticeable uptick of \u201cRoman Empire\u201d scuttlebutt on the socials, which wouldn\u2019t be all that interesting except for the fact that in this instance, it appears as though there is a significant effort being made to somehow associate the act of \u201cthinking\u201d about the \u201cRoman Empire\u201d with manhood and men\u2019s supposed preoccupation with concern for the unwind of the United States.<\/p>\n

A comical example was from \u201cEva Vlaardingerbroek\u201d who wrote:<\/p>\n

<\/a><\/div>\n

There is some \u201cFreudian thing\u201d happening here for sure and I, for one, believe that her father was being far more honest\u2026 that being said, in a world awash in fanciful narratives, and in particular, narratives concerning impending hyper-inflationary financial doom for the United States, one shouldn’t get too carried away.<\/p>\n

It’s important to remember that hyperinflation is not simply \u201clots of inflation\u201d coming as a result of the mismanagement of purely monetary factors, but instead a far more fundamental and total loss of confidence in the institutions of the state and the financial system.<\/p>\n

While hyperinflation typically arises from a combination of familiar calamities such as severe economic crises, political instability, and loss of confidence in currency as a result of excessive money printing to finance large budget deficits or in response to external shocks like war or other exogenous events, the scale of such numerous ruinations and the credibility of the nation in question make all the difference.<\/p>\n

There is no doubt that the United States will ultimately visit such a condition eventually, particularly given the lowly course we have chosen to chart these last many decades, but the real question, as perennially posed, is when?<\/p>\n

While our historical understanding of \u201cThe Fall of the Roman Empire\u201d provides a lot of information to work with when drawing superficial parallels to today\u2019s seemingly endless political theater and economic dramas, it is noteworthy to consider that this is not a new exercise in our public discourse.<\/p>\n

A cursory dive into the newspaper archive yields a couple of interesting articles (reprinted here in their entirety from The Minneapolis Representative on July 12, 1893) detailing the monetary concerns of that time:<\/p>\n

<\/a><\/div>\n

Clearly on matters of money and arguments over monetary standards, metal or otherwise, the \u201cFall of the Roman Empire\u201d serves the purpose of providing a powerful historical account of a dramatic end to a once great civilization and thereby a potent lesson for similar issues in the storyteller\u2019s place and time.<\/p>\n

Note also that in the first of the two articles above, the \u201cFall of the Roman Empire\u201d theme is, ironically, being leveraged to make the radical argument to put an end to metalism in favor of a purely \u201cnumerary\u201d unit of account, the precursor argument that ultimately led to the \u201cfiat\u201d world we find ourselves in today.<\/p>\n

As it turned out, while much of the latter half of the nineteenth century was spent debating metalism, commodity gold and silver backed standards as well as other supposedly modern \u201cscientific\u201d approaches for a monetary standard, it was not until 1913 that we finally organized an institution, namely the Federal Reserve, that could possibly cultivate enough hubris to actually justify a move in the direction of a \u201cfiat\u201d standard.<\/p>\n

Even then though, it took another 58 years, a period containing two epic world wars, several lesser wars and a massive depression, before the state ultimately cut the final cord (just a single thread by then) tethering our financial system to a metal-backed monetary standard with the Nixon administration\u2019s now infamous \u201ctemporary\u201d move back in 1971. (including support from Paul \u201cthe inflation slayer\u201d Volcker prior to his famous Fed Chairmanship by the way)<\/p>\n

Fast forward another 52 years that included nearly two decades of inflationary hardships, numerous recessions, a vast campaign to defeat our major \u201ccold war\u201d rival, multiple significant wars in the Middle East and many lesser elsewhere, a steadily mounting Federal debt built by ever more preposterous budget deficits and a Federal Reserve seemingly continuously paying-out larger and larger portions of its valuable credibility in an effort to underwrite the next and progressively more extensive \u201cstability\u201d-inducing bailout of the economic system, and we are only now just coming to common conclusions of the downsides of our \u201cfiat\u201d system.<\/p>\n

Given all that has been recounted above, it could seem as though real \u201cruin\u201d has finally arrived and that we are on the precipice of the \u201cbig one\u201d, the final tipping point into a hyper-inflationary tailspin engulfing our entire financial system and destroying the future for millions.<\/p>\n

Yet, even the ancient Roman Empire didn\u2019t fall overnight as its influence spanned roughly 1000 years and required multiple centuries of debasement and devolution to fully erode thereby ushering in the terrible period of the \u201cdark ages\u201d.<\/p>\n

By comparison, the United States Empire is orders of magnitude more significant a world (military) and economic power than the Roman Empire ever was and will take far more significant devolution to sully itself into past-empire status than any naive monetary-focused narrative suggests.<\/p>\n

The key point is that hyperinflation is (almost) all about credibility\u2026 as long as the United States is unquestionably the dominant global military and economic power, hyperinflation is not a likely end-state.<\/p>\n

That said, persistent periods of typical and even deeply entrenched and uncomfortably high inflation dotted with bouts of deflation coming as the repercussions of 35 years of the Federal Reserve’s monetary mismanagement unwinds against the backdrop of the Federal Government\u2019s hyper-dysfunctional and counterproductive political process, are absolutely to be expected.<\/p>\n

This era, that I previously termed The Great Agitation<\/a>, will continuously feel like \u201cthe end is nigh\u201d as our financial and political systems reflect a new degree of volatility coming from the continuous recognition of the cost of the vast liabilities we have allowed to accumulate.<\/div>\n

Will this era truly mark the end of the United States Empire as is suggested by the supposedly vast number of \u201cmen\u201d who are apparently preoccupied with \u201cthinking\u201d about the Fall of the Roman Empire?\u2026 I wouldn\u2019t bet on it.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

\u00a0Like this post? Consider\u00a0subscribing to my Substack\u00a0for additional insights and content today! \u201cThere is a great deal of ruin in a nation\u201d –\u00a0Adam Smith, 1777 \u00a0Recently there has been a noticeable uptick of \u201cRoman Empire\u201d scuttlebutt on the socials, which wouldn\u2019t be all that interesting except for the fact that in this instance, it appears […]<\/p>\n","protected":false},"author":1,"featured_media":36622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[10916,3890,23896],"dealstore":[],"offerexpiration":[],"class_list":["post-36621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-economy","tag-paper","tag-ruinnation"],"yoast_head":"\nPaper Economy: Ruin-Nation - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=36621\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paper Economy: Ruin-Nation - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"\u00a0Like this post? Consider\u00a0subscribing to my Substack\u00a0for additional insights and content today! \u201cThere is a great deal of ruin in a nation\u201d –\u00a0Adam Smith, 1777 \u00a0Recently there has been a noticeable uptick of \u201cRoman Empire\u201d scuttlebutt on the socials, which wouldn\u2019t be all that interesting except for the fact that in this instance, it appears […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fivemor.com\/?p=36621\" \/>\n<meta property=\"og:site_name\" content=\"Som2ny Network\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-19T14:25:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/roman-fall.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"980\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/fivemor.com\/?p=36621#article\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/?p=36621\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\"},\"headline\":\"Paper Economy: Ruin-Nation\",\"datePublished\":\"2025-01-19T14:25:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=36621\"},\"wordCount\":1031,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=36621#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/roman-fall.jpeg\",\"keywords\":[\"Economy\",\"Paper\",\"RuinNation\"],\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/fivemor.com\/?p=36621#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fivemor.com\/?p=36621\",\"url\":\"https:\/\/fivemor.com\/?p=36621\",\"name\":\"Paper Economy: Ruin-Nation - Som2ny Network\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=36621#primaryimage\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=36621#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/roman-fall.jpeg\",\"datePublished\":\"2025-01-19T14:25:12+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/fivemor.com\/?p=36621#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fivemor.com\/?p=36621\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/?p=36621#primaryimage\",\"url\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/roman-fall.jpeg\",\"contentUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/roman-fall.jpeg\",\"width\":980,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fivemor.com\/?p=36621#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fivemor.com\/?bp_activities=1\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Paper Economy: Ruin-Nation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fivemor.com\/#website\",\"url\":\"https:\/\/fivemor.com\/\",\"name\":\"Som2ny Network\",\"description\":\"Daily Deals\",\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fivemor.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/fivemor.com\/#organization\",\"name\":\"Som2ny Network\",\"url\":\"https:\/\/fivemor.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png\",\"contentUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png\",\"width\":300,\"height\":86,\"caption\":\"Som2ny Network\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/fivemor.com\"],\"url\":\"https:\/\/fivemor.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Paper Economy: Ruin-Nation - Som2ny Network","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fivemor.com\/?p=36621","og_locale":"en_US","og_type":"article","og_title":"Paper Economy: Ruin-Nation - Som2ny Network","og_description":"\u00a0Like this post? Consider\u00a0subscribing to my Substack\u00a0for additional insights and content today! \u201cThere is a great deal of ruin in a nation\u201d –\u00a0Adam Smith, 1777 \u00a0Recently there has been a noticeable uptick of \u201cRoman Empire\u201d scuttlebutt on the socials, which wouldn\u2019t be all that interesting except for the fact that in this instance, it appears […]","og_url":"https:\/\/fivemor.com\/?p=36621","og_site_name":"Som2ny Network","article_published_time":"2025-01-19T14:25:12+00:00","og_image":[{"width":980,"height":630,"url":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/roman-fall.jpeg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fivemor.com\/?p=36621#article","isPartOf":{"@id":"https:\/\/fivemor.com\/?p=36621"},"author":{"name":"admin","@id":"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371"},"headline":"Paper Economy: Ruin-Nation","datePublished":"2025-01-19T14:25:12+00:00","mainEntityOfPage":{"@id":"https:\/\/fivemor.com\/?p=36621"},"wordCount":1031,"commentCount":0,"publisher":{"@id":"https:\/\/fivemor.com\/#organization"},"image":{"@id":"https:\/\/fivemor.com\/?p=36621#primaryimage"},"thumbnailUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/roman-fall.jpeg","keywords":["Economy","Paper","RuinNation"],"articleSection":["Real Estate"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fivemor.com\/?p=36621#respond"]}]},{"@type":"WebPage","@id":"https:\/\/fivemor.com\/?p=36621","url":"https:\/\/fivemor.com\/?p=36621","name":"Paper Economy: Ruin-Nation - Som2ny Network","isPartOf":{"@id":"https:\/\/fivemor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fivemor.com\/?p=36621#primaryimage"},"image":{"@id":"https:\/\/fivemor.com\/?p=36621#primaryimage"},"thumbnailUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/roman-fall.jpeg","datePublished":"2025-01-19T14:25:12+00:00","breadcrumb":{"@id":"https:\/\/fivemor.com\/?p=36621#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fivemor.com\/?p=36621"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/?p=36621#primaryimage","url":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/roman-fall.jpeg","contentUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/01\/roman-fall.jpeg","width":980,"height":630},{"@type":"BreadcrumbList","@id":"https:\/\/fivemor.com\/?p=36621#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fivemor.com\/?bp_activities=1"},{"@type":"ListItem","position":2,"name":"Paper Economy: Ruin-Nation"}]},{"@type":"WebSite","@id":"https:\/\/fivemor.com\/#website","url":"https:\/\/fivemor.com\/","name":"Som2ny Network","description":"Daily Deals","publisher":{"@id":"https:\/\/fivemor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fivemor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fivemor.com\/#organization","name":"Som2ny Network","url":"https:\/\/fivemor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/#\/schema\/logo\/image\/","url":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png","contentUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png","width":300,"height":86,"caption":"Som2ny Network"},"image":{"@id":"https:\/\/fivemor.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png","caption":"admin"},"sameAs":["https:\/\/fivemor.com"],"url":"https:\/\/fivemor.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts\/36621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36621"}],"version-history":[{"count":0,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts\/36621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/media\/36622"}],"wp:attachment":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36621"},{"taxonomy":"dealstore","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fdealstore&post=36621"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fofferexpiration&post=36621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}