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Politics : Formerly About Advanced Micro Devices

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To: Maple MAGA who wrote (1573096)	11/23/2025 9:31:25 AM
From: IC720	Read Replies (1) of 1579131

Think if you really wanted to understand banking history, Armstrong would be one to read. Is what he does and associates with, gathering info into AI since 60's.. probably has 6-700 articles.. The Banking Crisis Of All Time April 25, 2023 Philip IV of France was also strapped for funds. He chose the debasement of the coinage which was massive. Philip had no other course of action to meet the expenses of the war. He began with a massive debasement of the coinage. Silver began to migrate out of France. This debasement only accelerated after 1298 when Philip IV confiscated all the assets Italian bank known as the Gran Tavola in France on claims that they owed him money, without netting anything with respect to his loans owed to them. This seizure of the Gran Tavola caused a major banking crisis in 1298 with the collapse of the institution which also held funds for the Papacy resulting in their loss of 80,000 gold florins. This was the first Banking Panic post-Dark Age. This confiscation of assets wiped out Siena and the city never again rose to the forefront of European commerce. By 1320, Siena was no longer a significant city in international commerce whatsoever which was a direct attack on the Papacy by Philip IV. This resulted in shifting the banking power to Florence. A full-blown financial panic unfolded as silver migrated overseas. People hoarded the old currency and by 1301 there was virtually no silver remaining in the open market in France. Currency depreciation let Philip cover the cost of the war but it destroyed the credit of France and that ultimately led to France seizing the Papacy and strip-mining all its assets moving the Church to Avignon where a French Pope was installed. ....... Financial Crisis of the 14th Century January 12, 2014 History of Florence and of the Affairs of Italy – Machiavelli April 30, 2012 The Gross Misunderstanding of Central Banks November 23, 2021 Ever since 1927, when the Federal Reserve lowered interest rates in a failed attempt to help Europe, which still ended up defaulting in 1931, Keynesian economics succeeded in brainwashing the analysis of how people look at the central banks. Where the 1927 G4 attempt to lower rates in the US was intended to deflect capital […]

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