Norcini – If History is Any Guide, This is Going to End Badly
April 23, 2012
With global stock markets trading in the red and continued volatility in gold and silver, today King World News interviewed legendary Jim Sinclair’s chartist, Dan Norcini. Norcini said he is seeing disturbing parallels between what is happening today and what has already taken place in history. Here what Norcini had to say about the situation: “I’ve read the The Decline and Fall of the Roman Empire, by Gibbons, and he might as well have been writing about modern day America. Our financial institutions are completely corrupt.”
Dan Norcini continues:
The Roman empire began to decline morally to the point where its own philosophers were expressing dismay over the decay. The military also began to decline as more and more of its ranks were constituted by mercenaries. At the same time, military incursions by the barbarians on the fringes of the empire were on the rise.
Public spending continued unabated, with successive emperors opting to further increase the already onerous tax burden on the people….