Twisted Titan
12th October 2011, 09:05 AM
The date is May 11, 1931.
Creditanstalt, a little-known Austrian bank, suddenly announces it can’t make its debt payments. An unstoppable chain reaction results. Bank failure, stock market crash, mass business closures, 25 percent unemployment, trade wars, runaway inflation, multiple currency collapses, the Great Depression, World War II. All of it began with a little-known bank in a small country in the heart of Europe. That is history. And it is happening again.
http://www.thetrumpet.com/?q=8747.7492.0.0
Creditanstalt, a little-known Austrian bank, suddenly announces it can’t make its debt payments. An unstoppable chain reaction results. Bank failure, stock market crash, mass business closures, 25 percent unemployment, trade wars, runaway inflation, multiple currency collapses, the Great Depression, World War II. All of it began with a little-known bank in a small country in the heart of Europe. That is history. And it is happening again.
http://www.thetrumpet.com/?q=8747.7492.0.0