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We are taught that the British Empire fought the Crimean War to "save" the Ottomans from Russian aggression. The truth is much darker. They didn't save the sick man of Europe; they put him on life support so they could harvest his organs. This is the story of the Ottoman Public Debt Administration (OPDA)—the moment a sovereign empire was turned into a "Debt Colony" where European bankers collected taxes directly from Ottoman peasants. In this video, we trace the financial collapse of 1875. We explain how 6% interest rates did more damage than any Russian cannon, and how the Decree of Muharrem (1881) handed over the empire's most valuable revenue streams—Salt, Silk, and Tobacco—to a board of foreign creditors in Istanbul. In this video, we breakdown: 📚 The "Gateway Drug" (1854): How the Crimean War forced the Ottomans to take their first foreign loan at predatory rates. 📚 The Compound Spiral: Why the Empire was soon borrowing money just to pay the interest on previous loans (Ponzi Finance). 📚 The Default of 1875: The moment the Sultan stopped paying, and the "Repo Men" arrived. 📚 The OPDA: The "State within a State" that had 9,000 employees—more than the Ottoman Finance Ministry itself. 📚 The "Tax Farm" Reality: How British and French creditors owned the rights to Ottoman fish, alcohol, and stamps. Disclaimer: This video was created with the assistance of AI tools and is provided for informational and educational purposes only. It is a historical analysis of the economic factors leading to the decline of the Ottoman Empire. #CrimeanWar #OttomanHistory #FinancialHistory #DebtTrap #BritishEmpire #Geopolitics #EconomicWarfare #TheGreatGame