Financial Oppression Throughout History
summary
Timeline from Lydia's electrum coins to Song dynasty paper money shows debt used to control outsiders and occasional state bailouts fail; Italian Jewish merchant banks build futures, insurance and deposits and succeed where restrictions don’t; central banking begins with Bank of England 1694 to fund wars and consolidates power; consumer credit grows from 1803 tailors to GM loans (1919), Diners Club (1950) and 60 million credit reports (1960), enabling score-driven exclusion; emerging data tools like social graphs and automated scoring create new, harder-to-see financial controls, and private digital cash provides a countermeasure.
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chapters (8)
- 0:00Intro
- 1:24About This Talk
- 2:15Where To Start?
- 6:21Greece
- 9:02The Black Death
- 13:10Merchant Banking
- 18:00Credit
- 21:25What's Next?
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