In this video:
Government Debt and You
https://www.youtube.com/watch?v=rG1DUn8mMwk
<iframe width="560" height="349" src="https://www.youtube.com/embed/rG1DUn8mMwk" frameborder="0" allowfullscreen></iframe>
the author says at the end that a global economic collapse has never happened before. That's not true. The Black Death has been the result of a global economic collapse caused by the Venitian bankers, who were the equivalent of our international bankers today. Here is an article about them written back in 1995:
“How Venice Rigged the First, and Worst, Global Financial Collapse,”
http://www.schillerinstitute.org/fid_91-96/954_Gallagher_Venice_rig.html
More at the link.
Government Debt and You
https://www.youtube.com/watch?v=rG1DUn8mMwk
<iframe width="560" height="349" src="https://www.youtube.com/embed/rG1DUn8mMwk" frameborder="0" allowfullscreen></iframe>
the author says at the end that a global economic collapse has never happened before. That's not true. The Black Death has been the result of a global economic collapse caused by the Venitian bankers, who were the equivalent of our international bankers today. Here is an article about them written back in 1995:
“How Venice Rigged the First, and Worst, Global Financial Collapse,”
http://www.schillerinstitute.org/fid_91-96/954_Gallagher_Venice_rig.html
Six hundred and fifty years ago came the climax of the worst financial collapse in history to date. The 1930’s Great Depression was a mild and brief episode, compared to the bank crash of the 1340’s, which decimated the human population.
The crash, which peaked in A.C.E. 1345 when the world’s biggest banks went under, “led” by the Bardi and Peruzzi companies of Florence, Italy, was more than a bank crash—it was a financial disintegration. Like the disaster which looms now, projected in Lyndon LaRouche’s “Ninth Economic Forecast” of July 1994, that one was a blowup of all major banks and markets in Europe, in which, chroniclers reported, “all credit vanished together,” most trade and exchange stopped, and a catastrophic drop of the world’s population by famine and disease loomed.
Like the financial disintegration hanging over us in 1995 with the collapse of Mexico, Orange County, British merchant banks, etc., that one of the 1340’s was the result of thirty to forty years of disastrous financial practices, by which the banks built up huge fictitious “financial bubbles,” parasitizing production and real trade in goods. These speculative cancers destroyed the real wealth they were monopolizing, and caused these banks to be effectively bankrupt long before they finally went under.
More at the link.