True News 25: Lessons from the Great Depression...

An article exposing the catastrophes of the last great "stimulus package"... :o

http://www.freedomainradio.com

Category:

News & Politics

Tags:

• depression
• stimulus
• economics
• obama

[UnhealthySalad]

I think it's even worse than that. The wages of '29 were probably higher than they would have been given the inflation of the 20s. Prices too-they were mostly flat for the decade but they should have been going down. Monetarists see that (flat prices) as a good thing, but Austrians have shown their price stability theory to be wrong. Anyhow, since the money supply contracted by 1/3 (ty frac. res. banking), wages should have gone down at least in nominal terms, prices in both real & nominal terms

[stefbot]

Excellent addition, thanks! :)

[TedWillingham]

Wonderful to hear something truthful about the new deal-- My U.S. History professor won't stop talking about how wonderful it was.

[FreiheitKampfer]

when speaking in terms of 'unemployment figures' we should probably always include the sum of government jobs with the normal figures since they are non-productive and income redistribution-based wages.

[pretorious700]

It's interesting to note that two of the American presidents most revered (FDR and Lincoln) were also the two presidents who presided over more American deaths than all others' combined.

[barbarianopinion]

Excellent analysis and easily accessible. Nice job. Keep it up.

[barbarianopinion]

Excellent point...unfortunately for our grandparents...the government not only didn't learn from the 1921 example...they refused to even consider it.

Now again...they are trying to "tax us out of a recession"...yea, that should work just swell.

[Salocin27]

my politics and my english are not very good but he got me curious because it sound different from what they tought me at school and everyone repeats over here: does he wright this stuff somewhere so I could study about all this references i happen to now nothing about..?

[1tonykirk]

FDR's Uncle Frederick was on the founding board of the fraudulent Fed. Check out all those F's!

He "stole" America's gold at the behest of the Banking Cabal by buying out citizen's gold on the cheap lest they suffer a fine or imprisonment in 1935.

That gold was smelted into bars and filled Fort Knox.

The price immediately jumped almost 100% and America's gold in Ky has not been audited since the 1952.

Is any still there? Support Ron Paul's "Fed Transparency Act"...

[bogesk]

Yep, media pisses me off too, sounds like a topic for true news!

[steshaw71]

Fantastic stuff. Really appreciate it!

[babaluto]

An interesting scenario to compare the '29 crash to would be the crash of '21 which was more dramatic as far as stock indicators, was over in about a year simply because the free market was allowed to correct itself with virtually no government intervention.

[bigjohn955]

theft from the unborn... good one...