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Which Country?
07-05-2016, 05:42 PM #1
Coolchick Member
Posts:5,205 Threads:118 Joined:Mar 2013
can anyone answer this..

i have tried to find out but nothing so far.

O and i were talking about the whole govt debt thing and countries borrowing money.

what i wanted to know is which country started the whole thing? who was the first

to decide to do that.. and what reason did they have?

O didnt know.. but it is an interesting question, so i thought i would ask here.

all i can find is how it works, and who is involved with doing that, things like that.

but who initially began it all?

Just Plain Nuts.
07-05-2016, 06:20 PM #2
Kreeper Griobhtha
Posts:10,850 Threads:656 Joined:Feb 2011
(07-05-2016, 05:42 PM)Coolchick Wrote:  can anyone answer this..

i have tried to find out but nothing so far.

O and i were talking about the whole govt debt thing and countries borrowing money.

what i wanted to know is which country started the whole thing? who was the first

to decide to do that.. and what reason did they have?

O didnt know.. but it is an interesting question, so i thought i would ask here.

all i can find is how it works, and who is involved with doing that, things like that.

but who initially began it all?

Nations have always done it and they have always done it to go to war.

I would guess it started after the end of empires like Rome. They had no need to borrow because they owned everything including the currency.

I know money was being borrowed as far back as the Crusades.

The Rothchildes family turned it into common practice during the Napoleanic Wars.

Politicians hide themselves away
They only started the war
Why should they go out to fight?
They leave that role to poor
07-05-2016, 06:24 PM #3
Coolchick Member
Posts:5,205 Threads:118 Joined:Mar 2013
well

i have watched this.. which is very good..





but it isnt all to go to war anymore.. i was just wondering about the ones who were not borrowing it for that purpose and how they got into a position to have to borrow it

Just Plain Nuts.
07-05-2016, 06:52 PM #4
Octo Mother Superior
Posts:43,370 Threads:1,483 Joined:Feb 2011
No it's not only for wars...


Famine of 1866–68

The government of the Grand Duchy of Finland was ill-equipped to handle a crisis of such magnitude. There was no money readily available to import food from largely monopolized Central European markets, and the government was slow to recognize the severity of the situation. Finance minister Johan Vilhelm Snellman, in particular, did not want to borrow, lest Finland's recently introduced currency, the Finnish markka, be weakened because of the very high interest rates that the Rothschild bank of Frankfurt asked for. In Finland the Rothschild interest rates were seen as usury. When money was finally borrowed from the Rothschild bank of Frankfurt in late 1867, the crisis was already full blown, and grain prices had risen in Europe. In addition, it was difficult to transport what little aid could be mustered in a country with poor communications. A number of emergency public works projects were set up, foremost among them the construction of the railway line from Riihimäki to Saint Petersburg.

https://en.wikipedia.org/wiki/Famine_of_1866%E2%80%9368
07-05-2016, 06:55 PM #5
Coolchick Member
Posts:5,205 Threads:118 Joined:Mar 2013
ok so for food then too..

Just Plain Nuts.



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