Quote:
Originally Posted by TheDoc
Your lesson is close enough to be correct, not perfect but it does prove my point for the people that can't read. As I stated, under our current system of the Fed Reserve we has never had a crash, and it is now why the system can't crash. Either way, the fed reserve is not why we had a depression but it is one of the reasons why were able to get out of it.
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They intentionally caused the Great Depression to get what they wanted and are doing it again.. Never had a crash?
1 Wall Street Crash of 1929
2 October 19, 1987
3 The Dotcom crash
4 The Crash of 2008
5 May 6, 2010 Flash Crash
Just to name a few and all due to the Feds monetary policy
And fresh off the press.
The bankster operative who helped destroy Glass-Steagall is back.
Larry Summers, Obama’s top economic adviser, has told Congress to “grit its teeth” and approve a fresh fiscal boost of $200 billion to keep growth on track, reports the Daily Telegraph. “We are nearly 8m jobs short of normal employment. For millions of Americans the economic emergency grinds on,” he said.
The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the stimulus boondoggle.
“It’s frightening,” professor Tim Congdon from International Monetary Research told the Daily Telegraph. “The plunge in M3 has no precedent since the Great Depression. The dominant reason for this is that regulators across the world are pressing banks to raise capital asset ratios and to shrink their risk assets. This is why the US is not recovering properly,” he said.
No precedent since the Great Depression. Meanwhile, the corporate media has the public obsessing over Lindsay Lohan’s court-ordered ankle bracelet.
The M3 is a measure of the money supply. It began tumbling last summer. The stock of fiat money fell from $14.2 trillion to $13.9 trillion in the three months to April, amounting to an annual rate of contraction of 9.6 percent. The assets of institutional money market funds fell at a 37 percent rate, the sharpest drop ever.
In 2006, the Federal Reserve stopped publishing M3 figures. The Fed said it did this to save money. Nonsense. It did this to stop you from understanding what the big boys are doing with the money supply. It allows them to more effectively cook the books and keep you in the dark. It allows them to portray the largest economic crisis in history as a recovery.
http://www.prisonplanet.com/fiat-mon...ion-level.html
The Feds ONLY purpose is to keep the general population in perpetual debt.. In debt to them.. That's it.