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...
The Potosí Silver Scandal: How Fraud Destroyed the Spanish Empire
The Timeless Investor Show
19 minutes
2 months ago
The Potosí Silver Scandal: How Fraud Destroyed the Spanish Empire
Send us a text What happens when the world's most trusted currency becomes worthless overnight? Not through war or conquest, but fraud so massive it brings down an empire. This is the story of the Potosí mines scandal - how Spanish officials debased silver coins, stole billions, and destroyed the foundation of global finance in the 1600s. The Spanish Empire went from controlling 25% of the world to defaulting repeatedly, all because trust in their currency collapsed. But this isn't just ancie...
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...
