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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (76911)7/27/2011 12:13:51 AM
From: carranza25 Recommendations  Read Replies (2) | Respond to of 218639
 
Your lack of understanding of Law and his history is spectacular. His company was not backed by Louisiana. Bank notes which were overprinted at his behest were nonetheless backed by specie owned by the French Treasury. The Treasury ran out of metal when overprinting led to inflation and the consequent heavy redemption of paper for specie. This burst the bubble.

The French did again a few decades later when they started issuing assignats.

The historical parallels with today are too obvious to miss. When things fail, people go to gold and silver. They have been doing it for centuries. Well, at least those interested in self-preservation.



To: Ilaine who wrote (76911)7/27/2011 9:13:11 AM
From: Brumar89  Read Replies (1) | Respond to of 218639
 
see firsthand what individuals are experiencing. Perhaps one day I will write a book about the actual victims of unregulated subprime lending in the 21st century.


Sounds like a good idea. Nothing like the view of someone involved.

As for historical analysis of past crises, there is this:

amazon.com


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