How did Albania actually fall into the whole Pyramid and Ponzi schemes that lead to their civil war in 1997?

by potatoandbiscuit

I recently saw a Rare Earth video on how Albania got into a civil war and experienced economic collapse due to Ponzi and Pyramid schemes. Unfortunately, the video is quite short in detail in how that event actually happened and Wikipedia seems to be of little help too.

Any historians out there, can you please explain to me what events lead to this whole shenanigan?

SilvoKanuni

I answered this question a little over a year ago on this sub! It's a three parter, but I hope it helps.