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Threatened with a civil war of creditor versus debtor, the Athenian ruler Solon pulled down the mortgage stones to free the debtors and devalued the drachma by 27% to relieve the bankers. Every credit collapse since \u2013 from the Panic\u2026","rel":"","context":"In "Quotes"","block_context":{"text":"Quotes","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/quotes\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12154,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/12\/desperate-times-desperate-acts\/","url_meta":{"origin":6889,"position":1},"title":"Desperate times, desperate acts","author":"ColinTwiggs","date":"August 12, 2015","format":false,"excerpt":"A sharp fall in global trade is the most likely reason for China's decision to devalue the Yuan \u2014 not aspirations for CNY to be considered a reserve currency. There are clear signs that global trade is contracting. Shipbrokers Harper Petersen's Harpex weekly index of charter rates for container vessels\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7482,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/16\/asia-japan-rises-as-gold-falls\/","url_meta":{"origin":6889,"position":2},"title":"Asia: Japan rises as gold falls","author":"ColinTwiggs","date":"April 16, 2013","format":false,"excerpt":"Japan's Nikkei 225 index is in a strong primary up-trend as the BOJ commences asset purchases on a massive scale. This is a tectonic shift in the market. Larry Edelson (as quoted by Barry Ritholz) has the most convincing explanation of the sharp fall in gold: The wicked and aggressive\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12145,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/11\/let-the-global-race-to-the-bottom-begin-foreign-policy\/","url_meta":{"origin":6889,"position":3},"title":"Let the Global Race to the Bottom Begin | Foreign Policy","author":"ColinTwiggs","date":"August 11, 2015","format":false,"excerpt":"Patrick Chovanec writes: On Aug. 11, the People\u2019s Bank of China announced a decision to devalue China\u2019s currency \u2014 the renminbi, or RMB \u2014 by 1.9 percent, by resetting the daily band within which it\u2019s traded..... 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It\u2026","rel":"","context":"In "Japan & Korea"","block_context":{"text":"Japan & Korea","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/japan-korea\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12292,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/09\/01\/china-it-just-got-worse\/","url_meta":{"origin":6889,"position":5},"title":"China: It just got worse","author":"ColinTwiggs","date":"September 1, 2015","format":false,"excerpt":"China: It just got worse - more bad news and more policy mistakes: http:\/\/t.co\/h6pwguOJl9 #China #PBoC #EndOfTheDollarBloc @bill_easterly\u2014 Lars Christensen (@MaMoMVPY) September 1, 2015","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=6889"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6889\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=6889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=6889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=6889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}