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To: Will88

My gold foil paranoia hat is spinning here and if you don’t hear from me, they found me and took me out.

So they were actually forcing the bad economy and used the results to start the path to marxism and government control?


17 posted on 04/25/2016 5:42:27 PM PDT by huldah1776 ( Vote Pro-life! Allow God to bless America before He avenges the death of the innocent.)
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To: huldah1776
So they were actually forcing the bad economy and used the results to start the path to marxism and government control?

I don't think so. Some say the Fed was defending the gold standard, so they wouldn't increase liquidity to assist the banks through their crisis. But there was no coordination of causing a crisis, then applying government solutions.

The Fed just blew it. Some earlier crises had been averted by J.P Morgan and other big banks putting the funds together to provide liquidity.

Roosevelt and others decided that government spending and programs was the way to get out of the 1930s depression. It was eventually WWII that ended it.

21 posted on 04/25/2016 6:02:05 PM PDT by Will88
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