Saturday, August 11, 2007

A BRIEF COMMENTARY ON FINANCIAL CRISES

10.8.07
by J. R. Nyquist

A financial crash is more than an economic glitch. It leads into dangerous political territory. It can trigger revolutions. Financial distress in the 1780s led to the French Revolution. Financial distress brought the Nazis and Japanese militarists to power before World War II. A financial earthquake may cause a political earthquake. A political earthquake, in turn, can set off a revolution, civil war, or even a world war. This is what history teaches

http://www.financialsense.com/stormwatch/geo/pastanalysis/2007/0810.html

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