by Martin Armstrong, Armstrong Economics:

QUESTION: Mr. Armstrong, Your knowledge and database on financial crises is really unprecedented. I googled the first banking crisis and it brought up only the Crisis of 1763, which started in Amsterdam. Yet that list published in the WSJ which showed 1683 as the first panic and the siege of Vienna was most interesting. I know you have written about the sovereign defaults on the ancient central bank in Delos. My question is, was there any major financial banking crisis between antiquity and 1683? I figured if anyone would know, he had to be you.