Posted on 04/25/2016 12:33:00 PM PDT by huldah1776
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.
The people who have control of the money?
Ah, didn’t know that. From watching NCIS I think it’s cool, though. Or melting hot!
Agreed,their steel is crap.
Even the garage door springs from China only last about half as long as good quality ones used to.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.