Title: Daily Life in the 30's Source:
[None] URL Source:[None] Published:Apr 4, 2022 Author:The Depression Post Date:2022-04-04 14:30:04 by Lod Keywords:None Views:570 Comments:12
The Depression was caused by the contraction of the Money Supply by 31%. We have a Debt based currency which means we cannot have money, either cash or checking account deposits, unless we first borrow money a Banker has created out of thin air. This transfers wealth from those who work to those who create our money.
There was an alternative to 3 of 123 million Americans starving to death. It was called Professor Fisher's 100% Money. Only the US Treasury, not the privately owned Federal Reserve Bank, would create cash and coins. And we would ban fractional reserve banking so a ten dollar deposit would not enable the Banker to create $90 in loans. Only the US Treasury would create checking account money. If we reformed our banking laws, we would have been through the Depression in 90 days.
The history channel banned comments. Probably because they don't want to hear the truth. That lack of free speech will give us another Depression. This next one will be Hyperinflationary, sort of like Germany in 1923. Should be here before election day 2024.