Yikes. The Federal Reserve Lost $4.1 Billion Last Month.

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In the early spring of the year 1492, Lorenzo de’ Medici had just arrived to his family’s opulent villa in the hills nearby Florence when he began to experience severe stomach pains.

His pain quickly grew worse, and the finest physicians were summoned to heal him; Lorenzo was reportedly given a number of potions and treatments. But nothing worked.

Within a matter of days, the 43-year old Lorenzo had passed away. And all of Florence panicked at what might happen next.

They called him Lorenzo the Magnificent for a reason. Under his leadership, the Republic of Florence had cemented its position as one of the biggest powers of Europe.

 

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