Crisis that makes panic. I think that's a lesson. And a hard slap for the government. Where every leader should be able to fix the economic crisis that may be the most complicated issue. This can be a historical documentation that will become history. Where every country has experienced a tremendous financial crisis. At least bitcoin can still be a way out. The number of investors investing in botcoin will make the bitcoin value high. I hope bitcoin can improve the economy in my country. So there is no social imbalance that is too far away. Where the rich get rich. And simoverty is getting poorer
I consider that, all, who is related to the economy of country must count variants at that a crisis will inflict the least losses. Not all pay attention on it. In the total huge losses. 
Topic: A Chronology of Panics, Manias, Crashes and Collapses (Read 1135 times)
Great post.
If anyone is interested in a chronology of headlines and articles surrounding panic, Michael Lewis (author of Moneyball, The Big Short, Flashboys) has a book called (appropriately) Panic
It is a collection of articles from different publications from certain time frames that captured the mood of the times. Interesting to look back on years later
If anyone is interested in a chronology of headlines and articles surrounding panic, Michael Lewis (author of Moneyball, The Big Short, Flashboys) has a book called (appropriately) Panic
It is a collection of articles from different publications from certain time frames that captured the mood of the times. Interesting to look back on years later
Crisis that makes panic. I think that's a lesson. And a hard slap for the government. Where every leader should be able to fix the economic crisis that may be the most complicated issue. This can be a historical documentation that will become history. Where every country has experienced a tremendous financial crisis. At least bitcoin can still be a way out. The number of investors investing in botcoin will make the bitcoin value high. I hope bitcoin can improve the economy in my country. So there is no social imbalance that is too far away. Where the rich get rich. And simoverty is getting poorer
Amazing list, now we should definitely create something like this but for bitcoin and/or other cryptocurrencies.
I am afraid however the list would be too long to accumulate limit of the characters in a simple bitcointalk post.
Bitcoin is so hard intertwined with FUD, crazy panic, speculation and paranoia that every day we have someone who thinks tomorrow BTC will be gone.
I am afraid however the list would be too long to accumulate limit of the characters in a simple bitcointalk post.
Bitcoin is so hard intertwined with FUD, crazy panic, speculation and paranoia that every day we have someone who thinks tomorrow BTC will be gone.
Yes, it will be interesting to see how the NEXT financial panic happens. My *guess* (worth little) is that it will be DEBT that breaks us, and causes big problems (worse than 2008 - 2009).
Yet I do not think that Bitcoin will have any impact on any "macro crashes", at least for now and the near future. BTC is still too small a niche. The big problems we have are deficit spending (and poorly done & corrupt at that) as well as the accumulated debts. Large debts almost always cause these historical crashes & panics.
The story about Dionysius as I recall is that when pressed to repay the loans he had
acquired, he called all the Creditors to the Palace, and demanded that they bring
with them the exact amount of debt owed. He the overstamped the coinage with
a two on top of one, and twenty on top of ten. You could sell tickets to watch that :-)
The way things are shaping up in the War on Cash, my expectation is that this time
will be different. Recall that last time, it was possible to hoard cash in advance of
the panic. I suspect that somebody somewhere thinks that removing that lifebelt,
as in India, will somehow cushion the impact of the iceberg on the Titanic, and I
suppose that the exact opposite will be the case.
acquired, he called all the Creditors to the Palace, and demanded that they bring
with them the exact amount of debt owed. He the overstamped the coinage with
a two on top of one, and twenty on top of ten. You could sell tickets to watch that :-)
The way things are shaping up in the War on Cash, my expectation is that this time
will be different. Recall that last time, it was possible to hoard cash in advance of
the panic. I suspect that somebody somewhere thinks that removing that lifebelt,
as in India, will somehow cushion the impact of the iceberg on the Titanic, and I
suppose that the exact opposite will be the case.
One thing that strikes is that desire to always print more paper money thinking that it might not be a trap but a way to build the economy. Such a strategy will strike back sooner or later. of course, our modern world has become so sophisticated that we think we are already immune to the mistakes as recorded in the annals of history.
A lot of politicians today are short-sighted. They don't care about their legacy and want to cling on to power. They are ready to do anything which will help them cling on to power. Printing lots of paper money will have disastrous long-term effects, but they really don't care.
Amazing list, now we should definitely create something like this but for bitcoin and/or other cryptocurrencies.
I am afraid however the list would be too long to accumulate limit of the characters in a simple bitcointalk post.
Bitcoin is so hard intertwined with FUD, crazy panic, speculation and paranoia that every day we have someone who thinks tomorrow BTC will be gone.
I am afraid however the list would be too long to accumulate limit of the characters in a simple bitcointalk post.
Bitcoin is so hard intertwined with FUD, crazy panic, speculation and paranoia that every day we have someone who thinks tomorrow BTC will be gone.
One thing that strikes is that desire to always print more paper money thinking that it might not be a trap but a way to build the economy. Such a strategy will strike back sooner or later. of course, our modern world has become so sophisticated that we think we are already immune to the mistakes as recorded in the annals of history.
A lot of politicians today are short-sighted. They don't care about their legacy and want to cling on to power. They are ready to do anything which will help them cling on to power. Printing lots of paper money will have disastrous long-term effects, but they really don't care.
All of these things are part of the human history and yet looking at today's global economy it seems to me that we have not learned enough because in one or another we keep on repeating many of the big financial mistakes in the past that led to ruin and even collapse of many empires. Maybe we are getting to be a generation that is so willing to bury its head in the sand to make the problem go away.
One thing that strikes is that desire to always print more paper money thinking that it might not be a trap but a way to build the economy. Such a strategy will strike back sooner or later. of course, our modern world has become so sophisticated that we think we are already immune to the mistakes as recorded in the annals of history.
I am just wishing that we will not be recreating the many disastrous stories into the cryptocurrency stage.
One thing that strikes is that desire to always print more paper money thinking that it might not be a trap but a way to build the economy. Such a strategy will strike back sooner or later. of course, our modern world has become so sophisticated that we think we are already immune to the mistakes as recorded in the annals of history.
I am just wishing that we will not be recreating the many disastrous stories into the cryptocurrency stage.
Excellent chronology!
Is it just me, or are the majority of financial crisis after 1500? I mean it could be just that it is more recent and people actually documented it instead of the earlier years, but it seems clear to me that as yuuto pointed out, central banking has a lot to do with the surge in financial crises.
Is it just me, or are the majority of financial crisis after 1500? I mean it could be just that it is more recent and people actually documented it instead of the earlier years, but it seems clear to me that as yuuto pointed out, central banking has a lot to do with the surge in financial crises.
I think it is because the recent crises are more well documented. If you look at the last 30 years, crises in Argentina, South East Asia, Africa are well documented. If you look at the pre-BC era, we are only aware of the problems in the Greek / Roman civilization.
Yes, I think that is an important reason why so many financial crises have happened since 1500. Better record-keeping.
I would also argue that the world's population is also much larger and more complex, with many more governments and central banks. It would be interesting if "someone" would do a study of crises and population (through time) and perhaps number of governments too. Perhaps either (or both) population growth or government growth would correlate well with the above chronology.
A good PhD dissertation?
Yes, the number of governments is an important variable. We have had different currency crisis in individual countries of Europe. However, the European Union is strong and the Euro is unlikely to face a currency crisis.
One country listed I like: Iceland. My hat for this country
Iceland is the only nation that put top finance executives behind bars after the 2008 crisis. Still, fears of crony capitalism remain. This Is Where Bad Bankers Go to Prison. source https://www.bloomberg.com/news/features/2016-03-31/welcome-to-iceland-where-bad-bankers-go-to-prison
The day I see this in my country, it will be a nationnal party
LOL did you read the post? I guess nope because it is written in the last line
Iceland is the only nation that put top finance executives behind bars after the 2008 crisis. Still, fears of crony capitalism remain. This Is Where Bad Bankers Go to Prison. source https://www.bloomberg.com/news/features/2016-03-31/welcome-to-iceland-where-bad-bankers-go-to-prison
The day I see this in my country, it will be a nationnal party
The information is really interesting and curious. Which source did you use?
LOL did you read the post? I guess nope because it is written in the last line
Great read. Thanks OP
In the Genesis block, Satoshi added the title of an article from The Times:
Chancellor On Brink Of Second Bailout For Banks.
By doing so, he was showing the crazy lengths that society is going to to uphold a system that doesn't work.
Chancellor On Brink Of Second Bailout For Banks.
By doing so, he was showing the crazy lengths that society is going to to uphold a system that doesn't work.
Excellent chronology!
Is it just me, or are the majority of financial crisis after 1500? I mean it could be just that it is more recent and people actually documented it instead of the earlier years, but it seems clear to me that as yuuto pointed out, central banking has a lot to do with the surge in financial crises.
Is it just me, or are the majority of financial crisis after 1500? I mean it could be just that it is more recent and people actually documented it instead of the earlier years, but it seems clear to me that as yuuto pointed out, central banking has a lot to do with the surge in financial crises.
I think it is because the recent crises are more well documented. If you look at the last 30 years, crises in Argentina, South East Asia, Africa are well documented. If you look at the pre-BC era, we are only aware of the problems in the Greek / Roman civilization.
Yes, I think that is an important reason why so many financial crises have happened since 1500. Better record-keeping.
I would also argue that the world's population is also much larger and more complex, with many more governments and central banks. It would be interesting if "someone" would do a study of crises and population (through time) and perhaps number of governments too. Perhaps either (or both) population growth or government growth would correlate well with the above chronology.
A good PhD dissertation?
Yes, the number of governments is an important variable. We have had different currency crisis in individual countries of Europe. However, the European Union is strong and the Euro is unlikely to face a currency crisis.
Excellent chronology!
Is it just me, or are the majority of financial crisis after 1500? I mean it could be just that it is more recent and people actually documented it instead of the earlier years, but it seems clear to me that as yuuto pointed out, central banking has a lot to do with the surge in financial crises.
Is it just me, or are the majority of financial crisis after 1500? I mean it could be just that it is more recent and people actually documented it instead of the earlier years, but it seems clear to me that as yuuto pointed out, central banking has a lot to do with the surge in financial crises.
I think it is because the recent crises are more well documented. If you look at the last 30 years, crises in Argentina, South East Asia, Africa are well documented. If you look at the pre-BC era, we are only aware of the problems in the Greek / Roman civilization.
Yes, I think that is an important reason why so many financial crises have happened since 1500. Better record-keeping.
I would also argue that the world's population is also much larger and more complex, with many more governments and central banks. It would be interesting if "someone" would do a study of crises and population (through time) and perhaps number of governments too. Perhaps either (or both) population growth or government growth would correlate well with the above chronology.
A good PhD dissertation?
Excellent chronology!
Is it just me, or are the majority of financial crisis after 1500? I mean it could be just that it is more recent and people actually documented it instead of the earlier years, but it seems clear to me that as yuuto pointed out, central banking has a lot to do with the surge in financial crises.
Is it just me, or are the majority of financial crisis after 1500? I mean it could be just that it is more recent and people actually documented it instead of the earlier years, but it seems clear to me that as yuuto pointed out, central banking has a lot to do with the surge in financial crises.
I think it is because the recent crises are more well documented. If you look at the last 30 years, crises in Argentina, South East Asia, Africa are well documented. If you look at the pre-BC era, we are only aware of the problems in the Greek / Roman civilization.
Great article, thank you for sharing. They teach us history so we will not repeat it. However, it seems we are not taught actual history but a distorted history. The victor gets to tell the tale.
Excellent chronology!
Is it just me, or are the majority of financial crisis after 1500? I mean it could be just that it is more recent and people actually documented it instead of the earlier years, but it seems clear to me that as yuuto pointed out, central banking has a lot to do with the surge in financial crises.
This isn't accurate at all, there were plenty of smaller financial crises before central banking, you can take a look at a few of them on the on the federal Reserve bank of San Francisco. They dive into what happened in the panic of 1907 and how a federal system could have handled that better, I mean you can probably make the case that they're bias but the research being done and published by them is sound.
I think that since the crisis related to a more globalized and centralized system are larger it's easier to become more aware of them. I mean there are plenty of smaller crisis in smaller counties (which in many ways simulate what it would look like if you had a less centralized system) which go largely unnoticed.
What I see is that centrarl banking fuels much larger, much more widespreads financial crises such as the great depression. Before central banking there were obviously financial crises as well, except they are much smaller in scale.
Is it just me, or are the majority of financial crisis after 1500? I mean it could be just that it is more recent and people actually documented it instead of the earlier years, but it seems clear to me that as yuuto pointed out, central banking has a lot to do with the surge in financial crises.
Great list to always remind yourself that no matter how safe we seem to be in, no matter how safe the dollars in your hands might seem, you're ultimately putting trust into a bunch of greedy people that makes all the decisions.
It's funny because, before centralized banking came about, there were no financial crises. Only when someone is controlling the monetary supply do hyperinflation, deflation, recessions happen. When people were using gold, all was good; but as soon as the currency was debased by adding bronze etc. into the coins, the financial system was ready to collapse.
And who else noticed we haven't got a major crisis in the US for almost a decade now? I wouldn't be surprised at all if by the end of the decade, something extreme just suddenly happens due to the debt bubble.
It's funny because, before centralized banking came about, there were no financial crises. Only when someone is controlling the monetary supply do hyperinflation, deflation, recessions happen. When people were using gold, all was good; but as soon as the currency was debased by adding bronze etc. into the coins, the financial system was ready to collapse.
And who else noticed we haven't got a major crisis in the US for almost a decade now? I wouldn't be surprised at all if by the end of the decade, something extreme just suddenly happens due to the debt bubble.
This isn't accurate at all, there were plenty of smaller financial crises before central banking, you can take a look at a few of them on the on the federal Reserve bank of San Francisco. They dive into what happened in the panic of 1907 and how a federal system could have handled that better, I mean you can probably make the case that they're bias but the research being done and published by them is sound.
I think that since the crisis related to a more globalized and centralized system are larger it's easier to become more aware of them. I mean there are plenty of smaller crisis in smaller counties (which in many ways simulate what it would look like if you had a less centralized system) which go largely unnoticed.
What I see is that centrarl banking fuels much larger, much more widespreads financial crises such as the great depression. Before central banking there were obviously financial crises as well, except they are much smaller in scale.
Great list to always remind yourself that no matter how safe we seem to be in, no matter how safe the dollars in your hands might seem, you're ultimately putting trust into a bunch of greedy people that makes all the decisions.
It's funny because, before centralized banking came about, there were no financial crises. Only when someone is controlling the monetary supply do hyperinflation, deflation, recessions happen. When people were using gold, all was good; but as soon as the currency was debased by adding bronze etc. into the coins, the financial system was ready to collapse.
And who else noticed we haven't got a major crisis in the US for almost a decade now? I wouldn't be surprised at all if by the end of the decade, something extreme just suddenly happens due to the debt bubble.
It's funny because, before centralized banking came about, there were no financial crises. Only when someone is controlling the monetary supply do hyperinflation, deflation, recessions happen. When people were using gold, all was good; but as soon as the currency was debased by adding bronze etc. into the coins, the financial system was ready to collapse.
And who else noticed we haven't got a major crisis in the US for almost a decade now? I wouldn't be surprised at all if by the end of the decade, something extreme just suddenly happens due to the debt bubble.
This isn't accurate at all, there were plenty of smaller financial crises before central banking, you can take a look at a few of them on the on the federal Reserve bank of San Francisco. They dive into what happened in the panic of 1907 and how a federal system could have handled that better, I mean you can probably make the case that they're bias but the research being done and published by them is sound.
I think that since the crisis related to a more globalized and centralized system are larger it's easier to become more aware of them. I mean there are plenty of smaller crisis in smaller counties (which in many ways simulate what it would look like if you had a less centralized system) which go largely unnoticed.
Great list to always remind yourself that no matter how safe we seem to be in, no matter how safe the dollars in your hands might seem, you're ultimately putting trust into a bunch of greedy people that makes all the decisions.
It's funny because, before centralized banking came about, there were no financial crises. Only when someone is controlling the monetary supply do hyperinflation, deflation, recessions happen. When people were using gold, all was good; but as soon as the currency was debased by adding bronze etc. into the coins, the financial system was ready to collapse.
And who else noticed we haven't got a major crisis in the US for almost a decade now? I wouldn't be surprised at all if by the end of the decade, something extreme just suddenly happens due to the debt bubble.
It's funny because, before centralized banking came about, there were no financial crises. Only when someone is controlling the monetary supply do hyperinflation, deflation, recessions happen. When people were using gold, all was good; but as soon as the currency was debased by adding bronze etc. into the coins, the financial system was ready to collapse.
And who else noticed we haven't got a major crisis in the US for almost a decade now? I wouldn't be surprised at all if by the end of the decade, something extreme just suddenly happens due to the debt bubble.
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