posted on Jan, 31 2010 @ 04:23 PM
Are we about to see a re-run of 1345AD, the biggest banking crash in history?
The bankers from Venice and Florence built up a banking system that went quasi-global, encompassing banking from England to China and involving large
scale manipulation to destroy national Governments and create a new one-world Government based on the equivalent of Credit Default Swaps and
paper-based credit.
By 1342, many of the smaller banks collapsed and were shored up with public funds as they were considered "Too bug to fail"
Finally, in 1345AD, the Bardi and Peruzzi banks failed spectacularly after England who had been running a super-costly occupation of France went
spectacularly bankrupt and defaulted on it vast debt under King Edward III.
The final collapse in 1345AD, two years after the crisis began, resulted in:-
- Almost total collapse in all credit, leaving no credit available ANYWHERE.
- Manipulation by Bardi and Peruzzi and the other banks had already destroyed all textile industries in England, Holland and Spain, by financing the
flooding of the European markets with cheap slave labour goods from Mongol occupied China.
- The quasi-globalisation resulted in diseases like the bubonic plague spreading like wildfire across Europe form China.
- Large scale looting of small local businesses by the banks, mainly through vaccuuming in vailout money resulted in the collapse of most local and
small scale farming.
In the 60 years that followed 1345AD...
- Disease spread across Europe and Asia
- Trade totally collapsed
- Famine spread on a massive scale.
- Governments collapsed all over the place into civil war, such as England that ended up as the Medieval equivalet of a banaa republic until 1492AD
(nearly 140 years of catastrophic starvation and civil war on and off).
- THE POPULATION OF THE PLANET FELL BY 30%.
Many educated writers often spoke in support of the collapse at the start, suggesting that the large scale reduction in population would be a good
thing as iit would leave more for the survivors. After a few years they admitted that they were wrong, and that severe shortages and starvation in
what had been lands of plenty resulted.