cbxer55 wrote:Are Austria's banks going in for round two? This fellow seems to think it highly likely.Austrian Banks Could Trigger Global Depression — AgainIn 1931, Austrian bank Creditanstalt, owned by Europe’s famous Rothschild banking family, went under, sparking a run on other Austrian financial institutions that soon spread disastrously across the globe.
The ensuing panic decimated bank after bank and is considered the trigger of the Great Depression. Could history repeat itself, with Austria again triggering a global financial meltdown?
Nah, in our modern enlightened 21st century, governments will simply print money and lend it to the banks at low interest rates so they can lend it to the plebes at high interest rates until they (the banks, not the plebes) are solvent again.