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The Delphi Technique was pioneered by the RAND Corporation. It is based on three characteristics: anonymity, statistical analysis and feedback of reasoning. The Rand Corporation found that in order to provide a forecast which would be semi–reliable, it was necessary to put together a team of professionals. They also found that anonymity was ...
Ptolemy VIII murdered his young nephew becoming sole ruler of Egypt. Ptolemy VIII was still not finished. He returned to Memphis as Pharaoh and expulsed many of the Alexandrians who had sided against him. In 142 BC, he took Cleopatra II’s daughter,Cleopatra III, as his wife with whom he had several sons.
It is DEAD from fiscal mismanagement! The question how do empires die is absolutely critical to surviving the Sovereign Debt Crisis. You can buy gold and listen to this nonsense about hyperinflation and $50,000 an ounce while everything else is worth shit. You will be right insofar as in the end the empire will die.
Benjamin Franklin (1706-1790) said: “Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety.” (Historical Review of Pennsylvania, 1759). This is precisely what has been done to our liberty. Government has used 911 to strip us of everything. Ben Laden won.
By Martin A. Armstrong. Note: Egypt did not issue coins until it was conquered by Alexander the Great and he was anointed as pharaoh in Memphis on November 14th, 332 BC. From that period on, Egypt began to issue coinage adopting the Greek standards. Origins. Ptolemaic Dynasty. Monetary History of the World © Martin A. Armstrong.
A series of fractional paper money was introduced in denominations of 5 to 50 cents. To insure public acceptance, it was called “Postage Currency” and was backed by actual postage stamps. The postage stamps which had circulated already, proved to be impractical. Hence, paper money backed by postage stamps was invented.
The purpose of this paper is to suggest a simple framework for the analysis of the macroeconomic implications of de-cashing. Starting from a traditional saving-investment balance, the paper develops a four-sector macroeconomics framework, which allows for the tracing of key implications of de-cashing for any country.
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