He notes ...
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The first #1 Batman Comic Book in mint condition just sold for $2.2 million. I reported previously that a gold aureus of Brutus which advertised that he assassinated Julius Caesar on the Ides of March (ED MAR) which had been estimated at $500,000, sold for about $4.3 million. The record prices continue even in more common ancient coins. The Athenian Owls we were selling for $1,000, are bringing $2,000-$2,750. Collectibles are simply exploding in price as I have never seen.
Perhaps the collectible market is becoming the new diamond whereby you can certainly take some collectibles when you travel internationally and the customs agents wouldn't know? Or perhaps they are a leading indicator as to the future and what is on the horizon?
In all my studies, the critical factor has never been the quantity of money. That is always what people point to with hindsight. It is the crack in CONFIDENCE that starts the process and then as governments are confronted by capital fleeing, that is when the debasement begins.
The Roman Empire saw its Monetary Crisis unfold as the silver coinage was debased to virtually no silver in just 8.6 years following the capture of Emperor Valerian I by the Persians. This mural still stands showing him kneeling before the king. This was the first Emperor to have ever been captured in battle.
We can see how the Roman Monetary System simply collapsed in a waterfall fashion once Valerian was capture in 260AD. Two things took place. First, the Romans saw themselves as vulnerable and began to hoard their cash. Secondly, other barbarian tribes in the north saw what the Persians did and they too saw this as their opportunity to invade.
If we look at the 51.6-year wave from this time period, the separatist movements began in 261AD, Pague ravaged the empire on the Pi cycle. in 251AD, the Roman Emperor Decius was killed in battle. Then in 260AD, the emperor Valerian I was captured by the Persians. His son, Gallienus, was then defeated in battle in 268AD as the monetary system collapsed and he was then assassinated and succeeded by Claudius II who then died of Plague which continued in 270AD. The debasement continued and by 270AD and he was succeeded by Aurelianwho then attacked the mint in Rome for its corruption in the debasement of the coinage.
In that case, the Pi Cycle marked both the start of a Plague and the Separatist movement. Septimia Zenobia (271-272AD) split off the eastern part of the Roman Empire in 271AD.
It appears that the election of Biden is indeed the crack in confidence we have been waiting for. The markets will reveal their true vote perhaps in February/March. By rejoining the UN, he attempts to push through this Build Back Better will not go down so well. This will be the rise of a third party for even the country-club Republicans like McConnel are the swamp creatures who never really supported Trump behind the curtain. Perhaps a third party will at last help to drain the swamp.
As one reader noted from my comment on the open blog:
COMMENT: Martin,
I appreciated reading your post about Dick Armey who as you noted retired in January 2003 at age 63. Do you know who else was born in 1940? Nancy Pelosi. She's four months older than Armey, yet whereas he retired after serving his country, she is still in office 18 years later. How vile are these people who refuse to allow others their turn to lead. Sadly, we have a system where the honorable people move on when the time is right and the dishonorable never give up their grasp of power.
SMD |
