Interest On the Debt Will Exceed Defense Budget This Year

by James Hickman
Schiff Sovereign

The ink was barely dry on the Treaty of Paris in the year 1763 when the financial panic set in. Government ministers across Europe began taking stock of their disastrous finances… and the picture was gruesome.

The world had been at war with itself for nearly a decade. And though the conflict became officially known as the Seven Years War, it might as well have been called ‘World War Zero’ because it involved just about every major power on the planet.

France, Russia, Britain, Spain, Portugal, and Prussia in Europe, the Mughal Empire in India, and even the Ojibwe and Cherokee tribes in North America, all fought in the war. And the conflict cost everyone dearly. Especially France.

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