224
you are viewing a single comment's thread
view the rest of the comments
[-] StalinStan@hexbear.net 11 points 2 days ago* (last edited 2 days ago)

There was an old scam done by like a old head of the treasury of Brittany. I forgot the exact details but a guy named Walpol did a ponzi scheme for a big trade ship expiation. The scam got big enough the British government bought him out so the economy didn't crash. Like, it got way bigger than the a shipping run could ever be and people were just trading futures in a giant bubble to the point where it was a large fraction of the entire GDP. From what I recall everyone kinda found out about it but because he was upper class they all laughed it off. I just remember that after he got away with it someone interviewed him and he said he was retiring but he wasn't ever going to read a history book again. He said that having made history and seeing what is written about it he realized the histories are all bullshit. Which I feel like is kinda based for a man in like the eighteenth century or whenever

[-] RNAi@hexbear.net 3 points 2 days ago
[-] StalinStan@hexbear.net 4 points 2 days ago

I looked it up. It is properly called the south sea bubble of 1720

this post was submitted on 19 Sep 2024
224 points (99.6% liked)

chapotraphouse

13446 readers
692 users here now

Banned? DM Wmill to appeal.

No anti-nautilism posts. See: Eco-fascism Primer

Vaush posts go in the_dunk_tank

Dunk posts in general go in the_dunk_tank, not here

Don't post low-hanging fruit here after it gets removed from the_dunk_tank

founded 3 years ago
MODERATORS