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In the sequel to Babylon’s Banksters (Feral House, 2010), the banksters have moved from Mesopotamia to Venice. They have manipulated popes and bullion prices, sacked Constantinople, and suppressed secrets threatening their financial supremacy. Some people might wonder how an excursion into mediaeval matters could shed light on the debate on finance, commerce, credit and debt in today’s world. Farrell argues that the modern global economy began in the Middle Ages, when ideas like bonds, national debts and private banking began for perceptible and specific reasons.
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In the sequel to Babylon’s Banksters (Feral House, 2010), the banksters have moved from Mesopotamia to Venice. They have manipulated popes and bullion prices, sacked Constantinople, and suppressed secrets threatening their financial supremacy. Some people might wonder how an excursion into mediaeval matters could shed light on the debate on finance, commerce, credit and debt in today’s world. Farrell argues that the modern global economy began in the Middle Ages, when ideas like bonds, national debts and private banking began for perceptible and specific reasons.