26/12/17

Yes, governments CAN go bankrupt. And no, it’s NOT impossible…



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Yes, governments CAN go bankrupt. And no, it's NOT impossible…
// Silver For The People

sovereignman.com / Simon Black / December 26, 2017

[Editor's Note: As we're coming up on the end of the year, we thought it would be appropriate to republish some of our most popular articles. Today's was originally published on March 13, 2017]

In the year 1517, one of the most important innovations in financial history was invented in Amsterdam: the government bond.

It was a pretty revolutionary concept.

Governments had been borrowing money for thousands of years… quite often at the point of a sword.

Italian city-states like Venice and Florence had been famously demanding "forced loans" from their wealthy citizens for centuries.

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