Sunday, June 04, 2017

Money And Power Has Its Limits

In 193 A.D. Didius Julianus out bid the former emperors family and bought the position of Caesar from the Praetorian Guard .Pertanix was the former Emperor who wanted a strong fiscal policy and hard currency. The Praetorian Guard killed Pertanix because citizens didn't want belt tightening.Didius Julianus offered more money to every member of the Praetorian guard and so was proclaimed Emperor. He promptly devalued the Roman currency to pre Pertanix values.Fiat currency versus hard currency was the issue. But the Praetorian Guard who were paid in hard currency were insulted by the immediate devaluation by Didius Julianus.So the Praetorian Guard immediately kills Didius Julianus in spite. DJ ruled for three months. So here we all our some two thousand years later still dealing with the outcome of fiat money and debt and the impact on citizens of Rome and for that matter the greater empire.Takeaway? It's always about money. No matter what any one says.Also the military runs the political show.One thing to look forward to is the greed and arrogance eventually consumes the politicians and the military to the point they start killing each other. Now I can't wait for that. P.S. The military will win in the run. As recounted above the armed forces allow the politicians to make policy but the real policy is pay the armed forces and they will let the politicians go through the motions of having power...until the money runs out.

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