April 24, 2005

Up to their eyes in it

Between 1503 and 1660, 185 thousand kilos of gold and 16 million kilos of silver were shipped from Latin America to Europe. Were the indigenous people of Latin America to charge compound interest on this 'loan', levied at a modest rate of 10 percent, Europe would owe a stack of gold and silver which would exceed the weight of the planet. Yet curiously, many of the 'first-world' nations speak of 'third world debts' as if they didn't owe a single penny.

To view full article click this link


- 2 comments by 1 or more people Not publicly viewable

  1. Peter J Thomas

    I wonder if you have read Andre Gunter Frank – specific to Latin America.

    24 Apr 2005, 19:37

  2. No I haven't, why?

    24 Apr 2005, 20:33


Add a comment

You are not allowed to comment on this entry as it has restricted commenting permissions.

April 2005

Mo Tu We Th Fr Sa Su
Mar |  Today  | May
            1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30   

Search this blog

Tags

Galleries

Most recent comments

  • hmmm i wonder who's the stupid one…. by on this entry
  • Indigo tangoalphaleemakilo tangooscar alphaleemaindigoechonovembersierra…. If you are too stupid t… by Me on this entry
  • Lucas, I’m writting an article about the judicil neutrality and I would like to know more about the … by Guilherme on this entry
  • Oh! I agree with that. metaphorically slaps head by Jimbobbil on this entry
  • Jimbobbil, I'm finding it difficult to relate what you write with what I've written. You seem to be … by Lucas on this entry

Blog archive

Loading…
Not signed in
Sign in

Powered by BlogBuilder
© MMXXI