Skip to comments.The Greatest Economic Collapses In History
Posted on 07/03/2012 1:11:48 PM PDT by blam
The Greatest Economic Collapses In History
Jul. 3, 2012, 3:05 PM
War and politics have been the focal point of the downfall of many dominant nations over the course of world history, but poor economic decisions have also led to countries falling, people dying from hunger, and revolutions changing the course of world history.
Niall Ferguson's book, "The Ascent of Money" details the course of economic collapses. The further back the collapse, the less detail there is on the decisions made, the decision makers, and issues surrounding the decisions. But Ferguson does a great job of explaining in detail the effects the collapses had on each particular nation and the global economy.
The development of economic principles and financial methods of accounting for money throughout time are also detailed in "The Ascent of Money", as Ferguson paints a timeline of how economies developed and crashed, and what was learned afterwards.
Ferguson's book was the primary source for the information in this article.
Click Here To See The Collapses
(Excerpt) Read more at businessinsider.com ...
I see more and more are realizing just how bad this WILL get.
“Eventually, high leverage caused fiscal problems for the bank.”
No problem here, right?/s
This is what's going to bring us down - the total and complete destruction of values that made this country work... The piece is on Drudge - maybe you can post it blam... Dem want all of us to have the same lack of pride the citizens of Detroit have...
Here you go.
One in seven americans are on food stamps, but the government is pushing to enroll more in many instances working to overcome Americans pride, self-reliance or failure to see a need.
Barney Frank’s name isn’t even mentioned in the housing bubble. Amazing.
This is going to get interesting ... pushing the Hispanics onto the plantation and some blacks are b!tching already. Next try to get low income whites and other minorities and put them on the plantation. Gonna get kind of nasty as each tries to be the main victim. But wait, if everyone is on the plantation, who is going to work to pay for the plantation lifestyle?
LOL....oh, “they” are not done by a long shot. There is still a LOT of wealth the politicians can raid “overnight” from the individual producers (i.e., struggling middle class); think personal retirement funds, mortgage equity, precious metals Americans are buying now, etc.. Hell, we haven’t even gotten to repeating history and raising tariffs to historic levels.
I hope our generation will make the decisions to turn this around.
That their lives are hopeless, drug addicted and crime ridden is a minus, but they sure as hell don't 'feel' any pride.