True, the Byzantine gold solidus kept its weight and purity for almost 700 years. But debasement isn’t just about metal content. Fresh gold from conquest and trade made it less scarce, a growing economy pushed prices up, and imperial policies shifted demand, all slowly chipping away at its real value.

Great read, enjoy Bro! All his books by the way.

Yes.

Same for survival rate of validators on @solana

Sounds familiar…

The advent of digital fiat sped this process up by hundreds of years. Harder to debase 1,000,000,000,000 in physical coins. A stroke of a key and you can create 10X that much.

Btc will never fall

Sad truth.

Retail euphoria is the signal. Not the news. Not the tech. The signal.

It’s clear that it is happening now but what’s most interesting (for a lack of better words) imo is who will be taking its place…? I’m inclined to think this will be a world government of sorts or large companies.

Where’s the Netherlands?

EST? I wonder what the common denominator is?

sources?

World War II directly led to the creation of a new international banking system designed to prevent the economic instability that contributed to the war. The new system known as the Bretton Woods system established the U.S. dollar as the world's reserve currency. War = Bitcoin

Every fiat currency in history has gone to zero—Bitcoin’s the exit.

Exactly the same cycle every single time! And every single time there is a inflection point, where you can actually make a significant difference to the trajectory- unable to pay soldiers stationed abroad or they refuse to accept payment in debased currency Ex: Roman soldiers refuse the adulterated silver! It was a downhill from there…

This time is different Famous last words

The temptation to break away from Austrian sound money principles is overwhelming to politicians! We're doomed to repeat the cycle. The goal now is delay it and develop a plan b for ur family.

I'm not convinced that the rulers didn't know exactly what they were doing.

Bitcoin is the answer 😂 nice try

It isn't correct because the U.S. currency was backed by gold from 1879 to 1971. It didn't just fall off a cliff. And it makes little sense if you do not show economic growth or decline as well.

Empires collapse. Pandas adapt. 🐼⚔️ When currencies burn and rulers fall, the trash fires turn into rocket fuel. The new empire is digital and it’s already roaring. #PANDAROK

@grok which countries would be going higher on this chart?

Would love to see how this was calculated. What’s the source for this chart?

Empires fade the same way every time. Stack hard assets, stay ready

Does this means the US is going to collapse on civil war ?

Theres never been a global superpower like the US (able to carve out its own "Empire Lite v2.0"). A decline to 25% of global power, instead of 50%, yet boosting allied ties. Dalio's dramatic vision is avoidable as theres no rival. China has many more weak points than the US.

Political incentives push leaders toward short-term gains (military glory, social programs) that hide long-term costs. Debt and fiat systems let rulers postpone hard choices; debasement and inflation erode real value. Military overreach stretches resources and weakens legitimacy when promises can’t be kept. Loss of trust is the tipping point: once people stop believing institutions will protect their property or contracts, economic collapse accelerates. Cognitive bias: decision-makers rationalize exceptions — “this time is different” — until reality proves otherwise.

I blame social media…it kills empires

...but this time is different! 😉