WEC events in the Future
We are preparing a video on the basics that anyone attending in the future for the first time will be required to watch. This way we do not have to spend time going over what is old-hat to others. I personally enjoy the questions and the cocktail party getting to mingle with the clients is always the highlight for me.
We will have two separate WEC type events. One for institutions where the questions are more sophisticated and the problems are portfolio management and hedging. The general investor/trader level for individuals is less portfolio oriented and tend to be market focused.
ISIS Stage Attacks in Thailand
It has now been reported that 10 ISIS members entered into Thailand last month with the purpose of attacking Russian interests based upon a leaked Thai police memo. The memo cities the Russian Federal Security Service (FSB) which sent info to Thailand’s National Security Council informing them that they entered between Oct. 15 and Oct. 31.
The failure of the USA and NATO to align with Russia and to support Turkey in a proxy war against Russia is just mind-numbing when in fact this is supporting ISIS to engage in worldwide terror attacks. The “Allies” appear to be supporting ISIS in their attempt to further a pipeline through Syria.
World War III & a Pipeline
To understand what is really Behind the Curtain regarding the Middle East, ISIS, Turkey, and the USA strategic attempt to reduce Russia, we must start back in 2009 when Qatar proposed a pipeline plan to Assad to send its natural gas to Europe via Saudi Arabia, Syria and Jordan. Assad refused it and this has been the entire pretend reason why the Obama Administration wanted to invade Syria. The reason for the refusal was to protect the interests of Assad’s long-time ally, Russia, which is Europe’s biggest natural gas supplier based upon all the data.
It was just one year after Qatar’s proposal, that Assad began negotiations for another pipeline plan with Iran, which would carry Iranian gas to Europe across Iraq and Syria. Russia endorsed this project since it would clearly have more control over gas flow rather that the US linked Qatar. This agreement would strategically place control of the gas flow to Europe in Russia’s hands. Consequently, the Iranian pipeline became a priority for Russia. Since Damascus and Moscow working together to block the Qatar pipeline and create the alternative Iranian pipeline, this created the seeds for World War III.
Clearly, Obama has targeted Russia from the outset. There was a meeting between Obama and Putin at the United Nations where Putin tried to get Obama on side with Syria against ISIS. Obama rejected the proposal. So when Russian forces entered Syria om the ECM Turning point to the day, this was a ominous event. Russia was not only backing the Assad regime, it was also backing the Iranian pipeline.
Russia’s economy is mostly based on its energy exports. Putin occasionally threaten European countries with cutting off the energy supply and this has been the potential that has set in motion all this chaos. While Russia has the largest gas reserves in the world, the second is actually Iran. Even Turkey is also importing some of its energy from Russia, and some from Iran. It has been buying oil at a discount from ISIS.
Therefore, with the construction of the Iranian pipeline via Iraq and Syria is completed, Europe’s dependence on Russia would continue. This was also why Obama was lifting sanction on Iran in an effort to break that alliance. Obama has been attempting to isolate Russia to prevent its control of the main energy market into Europe. This is why Russia is backing Syria, Iran and Iraq as well. Russia’s presence in Syria is aimed obviously at something more than merely supporting Assad. Russia is acting within its economic self-interest to maintain controlling its energy pipelines which also went through Ukraine. You have to understand what is going on behind the curtain to grasp the seriousness developing in Syria.
The USA is way out of line. This attack on Syria is benefiting ISIS and then Turkey is buying cheap oil from ISIS funding the very rise of terrorism. The French journalist Nicolas Hénin who was a hostage of ISIS, has come out and stated that bombing Syria is benefiting ISIS. On this count, Putin is absolutely correct and the military policies of the Obama Administration are without any coherent objectives since removing Assad will hand Syria to ISIS.
Rome’s Financial Crisis 218-202BC?
QUESTION: Mr. Armstrong, I read that the first monetary crisis in Rome took place 218-202 BC claiming the currency collapsed. I never saw you make such a claim so I had to ask if it was true.
ANSWER: No. This was the Second Punic War and was not the result of fiscal mismanagement. Moreover, the Romans used ONLY bronze for their coinage before 280BC. They began to issue silver in Greek denominations (Didrachm) with the Pyrrhic War (280–275 BC).
This was followed by the First Punic War (264 to 241 BC). It was here that the Roman As fell from about 400 grams to 250 grams in weight. The drastic decline took place during the Second Punic War (218-201BC) because this is when Hannibal actually invaded Italy itself.
At the beginning of the Second Punic War (218-201BC), we begin to see gold coined for the first time. This was to impress the other Italian states that they should align with Rome for it was rich and powerful.
It was as the Second Punic War (218-201BC) unfolded, we see the cost was great for in 211BC, the Greek didrachm standard (6.92 grams) is reduced and the Roman denarius (4.3 grams) is born as a weight reduction in 211BC. That was caused by inflation caused by the war effort.
Therefore, yes war was a driving force behind the monetary system developments. However, to say that the monetary system went into crisis is an exaggeration. It was the cost of war that first necessitated the production of silver coins and then gold. Ultimately it reshaped the Roman monetary system. These early changes was not fiscal mismanagement but war and cannot be lumped into the same category.
As with all things, relationships change. Here is the Silver/Gold ratio of the Imperial Era 27BC to 224AD. We can see that silver was becoming scarcer with time for that was the mainstay of the Roman monetary system in the Imperial Period after Augustus became the first Emperor in 27BC..
Golden Reality – Separated
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