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manfredhumphries
Member since April 2013
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Trump and the Coming Economic Collapse

- Nelson Hultberg - AFR.org

I think your facts are a little screwy. The depression grew out of the treasury's response to the crash, which was a direct result of too little supervision of mercantile banking in the US. The crash led investors and bankers to withdraw credit - in other words, the entire financial system became "il-liquid" President Wilson's response to that fact was to refuse to create more capital, which spawned the depression. Roosevelt made a lot of changes to banking, to credit issuance, to saving and loans, inspiring confidence that the economy and peoples lives would recover , and that ntil that happened, there would be a rudimentary safety net under you to ensure that you would not starve.

So, Roosevelt did not cause the depression, he solved it. And you are a doctrinaire neo-liberal idiot campaigning as a great thinker. Go away.

Commented 2721 days ago

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Beginning of the headline :Donald J. Trump surely has his work cut out for him in winning the presidency of the United States in the year 2016. These are not the times of normalcy. These are times of acute crisis – political, economic, cultural, legal and moral crisis. Long-standing problems that would dwarf the most Bunyanesque of humans confront Donald Trump and the populist mavericks that have gathered around his contrarian leadership. You can measure the mark of a President’s mind by numerous attributes, but perhaps t... Read More

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