Market Talk – April 25, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 831.60 points or -2.16% to 37,628.48 Shanghai increased 8.08 points or 0.27% to 3,052.90 Hang [...]
Religious Persecutions have impacted Political-Economy
QUESTION: hi martin
question for you
if we fed the data and all the info you had on ISLAM – CHRISTIANITY – JUDAISM etc and all other religions into SOCRATES and ask it …..what would its preferred choice be ……of RELIGION and what should the world follow…………what would SOCRATES say?
have you ever tried this thought experiment?
Regards
SS
ANSWER: Interesting question. I do not believe it would pick one for that is a subjective decision. It would forecast trends, but not which religion is better. What it does do is it will forecast religious upheaval, which is tied to economics. Change the economy and you create change in religion. The introduction of Communism followed Marx in banning religion.
During the 3rd century, it was the collapse of the monetary system of Rome that sparked the biggest wave of Christian persecutions. Why? The Pagans believed the gods were angry because the Christians would not pray to them. So the evils befalling upon the empire was blamed on the Christians. In turn, the Christain said their gods were impotent and only the true God would save them. Eventually, many Pagans left and became Christians praying for help.
Then there was the Spanish Inquisition headed by Tomás de Torquemada (1420–1498). Even the Pope came out against it. Nonetheless, the Spanish Crown used religion as the pretense to confiscate property and attacked both the Jews and the Arabs. This caused the Jews to flee mostly to the Netherlands. This is where banking and insurance became major in Amsterdam because the Jews were the bankers.
So religious persecutions have been a major impact upon economics and the rise and fall of empires, nations, and city-states.
Latest Posts
PRIVATE BLOG – The Reality Hits the Markets into May 7th
PRIVATE BLOG – The Reality Hits the Markets into May 7th Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. [...]
US GDP & Recession into 2028
QUESTION: Mr. Armstrong, Socrates correctly picked March as the Directional Change, and it looks like there will be a sharp decline into June. Are you expecting a serious recession with [...]
See You Next Month?
See you in precisely one month at the London Economic Confidence Model Seminar! Can’t attend in person? Keep reading to learn about our virtual ticket option. Prepare to embark on [...]
