This was the event that coined the term ‘bubble’ in economics. The South Sea Company, a fraudulent corporation which conned government and investors into buying promissaries which would never be re-payed. The event went down in history as people starved, lost their homes, governments were overthrown, civil anarchy reigned and bankers were publicly executed.
It seems that we are entering a dangerous parallel with the introduction (return?) of 100-year gilts.
The sociopaths on wall street and world government are hanging on for dear life and will attempt ANYTHING to keep the ship afloat. This, a last desperate attempt at such a late junction, will test our finite numeric laws to the limit. It is tragic that all this is attempted to keep those whose greed is insatiable temporarily satisfied.