Nation Of Bondholders
Defector reports that the 2008 financial crash can be traced back to 18th-century Prussia. To fund the Seven Years' War, King Frederick the Great employed private minters to increase currency production. This historical financial instability in the Prussian kingdom serves as a roundabout precursor to the modern American economic collapse. While other reports highlight current global debt struggles in Senegal and Sri Lanka, this analysis focuses on the long-term historical roots of bondholder dynamics and state financial failure.
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- ✓ Defector is an employee-owned sports and culture website founded by former Deadspin staffers.
- ✓ King Frederick the Great hired private minters to increase currency production to afford the Seven Years' War.
What changed
Defector published a historical analysis linking Frederick the Great's currency production to the 2008 financial crash.
Live updates
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Defector Traces 2008 Financial Crash to 18th-Century Prussia
Defector reports that the 2008 financial crash can be traced back to 18th-century Prussia. To fund the Seven Years' War, King Frederick the Great employed private minters to increase currency production. This historical financial instability in the Prussian kingdom serves as a roundabout precursor to the modern American economic collapse. While other reports highlight current global debt struggles in Senegal and Sri Lanka, this analysis focuses on the long-term historical roots of bondholder dynamics and state financial failure.
Why it matters
The analysis connects early modern state funding methods to systemic financial risks. It arrives as various nations currently struggle with sustainable fiscal trajectories and IMF agreements.
What is confirmed
- Defector is an employee-owned sports and culture website founded by former Deadspin staffers.
- King Frederick the Great hired private minters to increase currency production to afford the Seven Years' War.
Still unconfirmed
- America's 2008 financial crash can be traced in a roundabout way to 18th-century Prussia.
What to watch next
- Further historical evidence linking Prussian currency production to modern bond market structures.
confidence 90%Sources used for this update (19)
- defector.com — Defector | The last good website.
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- Defector — Nation Of Bondholders
- WSJ — This Datapoint Could Explain Soaring Bond Yields
- ft.com — An optimist’s guide to the bond market
- yardeniquicktakes.com — Optimistic Spin: Bond Market Pricing Better-Than-Expected Economic Growth
- Kiplinger — What's Happening in the Bond Market Right Now (And Should You Adjust Your Portfolio?)
- fortune.com — What the bond market reveals about Congress, the national debt and the middle class—and where America g....
- bworldonline.com — NG debt tops P19.6 trillion at end of August - BusinessWorld Online
- www.nrn.com — Fat Brands changes its name
- www.royalgazette.com — Government has an insurance solution on its doorstep - The Royal Gazette | Bermuda News, Business, Sports....
- www.aol.com — Explainer-Senegal's $44 billion debt dilemma: To whom does it owe money and why it matters - AOL
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