Ancient Historical Precedents

This I found really interesting It fits very well into research that have been doing over the last few months and with what my yearly letter will be over. Americans are short sighted that somehow looking back to 1920 is ancient history. You have thousands of years of empires, currencies, and economies coming and going and ours is no different. This talks about a sovereign crises which is also something I have been thinking about alot. I don't think if it would occur it will happen in the near future (next 24 months) though it could to England and Switzerland. A good starter read for what my annual letter will be on.

http://blogs.reuters.com/great-debate/2009/01/09/of-boom-bust-but-maybe-not-the-black-death/

As the crisis has deepened we’ve had to search farther back in history for precedents, and with deflation at hand much of the debate now centers on how similar the next while will be to the Great Depression.

But what if, rather than the 1930s, we ought to be thinking about the revolutionary crisis of the 18th century, or even further back to the 14th century lending and spending spree that ended with the Black Death?

A reading of The Great Wave: Price Revolutions and the Rhythm of History, by Brandeis University historian David Hackett Fischer will ring a lot of bells.

I haven't read this book though I may now.

This is the issues I have been reading and pouring brain power into:

Another possibility, not as grim as the Black Death although hardly appealing, is that we are about to enter into a last climax of inflation, courtesy of desperate deficit spending.

The latter stages of inflationary periods in the past featured effective bankruptcies on the back of fiscal stress by France in the 18th century and Spain in the 16th century, the economic and military giants of their times.