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How Venice Rigged The First, and Worst, Global Financial Collapse 660 Years Ago

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This article is reprinted from the Winter 1995 issue of FIDELIO Magazine. How Venice Rigged the First, And Worst, Global Financial Collapse by Paul Gallagher Six hundred and fifty years ago came the climax of the worst financial collapse in history to date. The 1930’s Great Depression was a mild and brief episode, compared to the bank crash of the 1340’s, which decimated the human population. The crash, which peaked in A.C.E. 1345 when the world’s biggest banks went under, “led” by the Bardi and Peruzzi companies of Florence, Italy, was more than a bank crash—it was a financial disintegration. Like the disaster which looms now, projected in Lyndon LaRouche’s “Ninth Economic Forecast” of July 1994, that one was a blowup of all major banks and markets in Europe, in which, ...

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