Yeah, that’s a great “first hand look” at a first world nation (at least it was first world for the middle class and above) crashing down to third world almost overnight.
It’s a great essay to share. Very sobering.
BTW the USD was strong during the Great Depression same as it is today
Do yoy have any idea what silver did back then? Gold went up 33% by order of Roosevelt which actually gave a perverse incentive to gold holders/horders not to obey confiscation laws LOL LOL LOL LOL LOL LOL
After gold was made legal again -—Lo and behold all kinds of US gold coins surfaced. Many kept in Europe while it was banned here