Send us a text In 1993, thousands of investors around the world opened letters from Lloyd’s of London demanding sums that didn’t seem real. £300,000. £1 million. £3 million. Not money they invested — money they owed. Doctors, farmers, aristocrats, retirees… entire families financially erased overnight. In this episode of The Timeless Investor Show, I break down one of the greatest financial catastrophes in modern history — the Lloyd’s Disaster — where 34,000 individuals were ruined by a perfe...
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Send us a text In 1993, thousands of investors around the world opened letters from Lloyd’s of London demanding sums that didn’t seem real. £300,000. £1 million. £3 million. Not money they invested — money they owed. Doctors, farmers, aristocrats, retirees… entire families financially erased overnight. In this episode of The Timeless Investor Show, I break down one of the greatest financial catastrophes in modern history — the Lloyd’s Disaster — where 34,000 individuals were ruined by a perfe...
Black Friday 1866: The Banking Collapse That Changed Finance Forever | Shadow Banking Crisis History
The Timeless Investor Show
20 minutes
2 months ago
Black Friday 1866: The Banking Collapse That Changed Finance Forever | Shadow Banking Crisis History
Send us a text In May 1866, the world's largest financial institution collapsed in a single day, triggering the first global banking crisis and reshaping modern finance forever. Overend, Gurney & Company wasn't just any bank - they were THREE TIMES larger than their nearest competitor and considered the safest institution in the world. When they fell, over 200 companies failed, the Bank of England abandoned the gold standard, and the entire global financial system nearly imploded. In this...
The Timeless Investor Show
Send us a text In 1993, thousands of investors around the world opened letters from Lloyd’s of London demanding sums that didn’t seem real. £300,000. £1 million. £3 million. Not money they invested — money they owed. Doctors, farmers, aristocrats, retirees… entire families financially erased overnight. In this episode of The Timeless Investor Show, I break down one of the greatest financial catastrophes in modern history — the Lloyd’s Disaster — where 34,000 individuals were ruined by a perfe...