#OtD 16 Jan 1997 saw the collapse of huge pyramid schemes in #Albania leading to the toppling of the government. Hundreds of thousands lost life savings and family homes; in response, workers demanded the government reimburse them https://stories.workingclasshistory.com/article/8786/albanian-financial-crisis
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@workingclasshistory For some reason this toot about recent #history of #ponzi #economics in #Europe reminds me what Warren Buffett said: “ #Bitcoin (and other #crypto currencies) is like rat poison squared.” ✅