Milton Friedman explains role of gold in Great Depression

[trick29420]

The great depression had a lot to do with the loose credit policies contracting after the 'roaring twenties'. Not to mention the f. reserve was less than 20 years old when the stock market fell. Keynes is a failure.

[mich65ek2]

The US gov locked thier gold because they can build a New World Order upon it.

Now the Chinese gov is doing the same and 100 times greedier than The US gov. They stock up almost anything, gold, silver, rare earth, cruel oil, coal, copper..etc. Chinese will eventually change the rule of the game.

[pdxeddie1111]

well what the federal reserve did was criminal and that is why old folks that were young during the thirties still dont trust banks. Im beginning to understand the wisdom in keeping gold and silver buried in mason jars and cut the banks out

[OzClawhammer]

Thanx for posting... Point of interest; Despite that fact that there's no extra direct tax with 'pump priming', we now know that inflation is a form of hidden tax!... eventually, everybody pays!

[ehswan]

This video does not explain why the fed did not use the influx of gold from England to increase the money supply. WHAT THE FUCK!!!!!!!!!!!!!

[kanechi100]

I understand your frustration but we have been told historical lies to confuse the situation.

Gold has a more or less constant value as it is hard to create out of thin air but it is also not worth much except for teeth and electronics.

The real culprit is the ability to create paper money out of thin air at a 10:1 ratio. This power can suppress gold prices artificially with ease until potentially the currency blows up like in Zimbabwe. Or the currency gains traction via increased production.

[kanechi100]

England in 1900 was similar to the u.s. now in that they were the center of manufacturing and most of the world owed it. The u.s. took over that role in the 1900s producing things for sale cheaper than anyone else and we prospered from it. But now we have become like the u.k. and passed the baton to asia.

All this is possible by fiat money bankers creating imaginary money out of thing air playing off cultures through times of prosperity and war while they profit.

[kanechi100]

it does not make sense by design. Secret criminal elites are in control making money both ways profiting off of peace and wars.

High level politicians are puppets to the scam and people are pitted against each other via fake partisan politics to perpetuate the scam.

if you agree you get statist money to survive and if you do not you get eliminated.

such is the way of life throughout most history but or late we have become soft due to prosperity.