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To: Texas Fossil

There is already one Doctor in Lubbock, Texas suspended from hospital privileges for contributing $500 to the Canadian Truckers.

This is total BS.. Fired because he gave to a cause he believes in? I will bet they wouldn’t say a thing about a contribution to Black Lives Matter now would they?

I tell you what. The run on the banks in 1929 helped cause the great depression!!


85 posted on 02/20/2022 10:37:43 PM PST by tallyhoe
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To: tallyhoe

No, the run on the bank was an indicator, not the cause.

The cause was partially connected on the US acting to protect the English currency and it biting us.

There were a lot of precursors that lead to that crash. In the distant past there were a lot of “panics”. That was in the days when money was not just printed.

Life was Spartan and much simpler than today.

Wild speculation in stocks also got out of hand prior to the crash. It was global.

Panics were in the past a more common and more devastating event when banking was more local.

But Banking was more sane when it was local.

Too big to fail did not exist.


87 posted on 02/21/2022 5:46:54 AM PST by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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