Research Links Wikipedia: Exchange Stabilization Fund Summary Overview of Podcast During the great depression of 1934 the government confiscated gold at a price of 20 dollars per ounce and after completing this revalued at 35 dollars per ounce. The "profit" from this action was about 3 billion dollars in the purchasing power Read more…
This could mean bad things if it is stress. Micheal "Mish" Shedlock comments
While I am against the Federal Reserve and banking system power as presently constituted I have not yet read this book. However in the interest of my collecting of certain critical works of historical significance I include it here. The country has been laid low by those who control the Read more…
The great depression of the 1930's has been highly propagandized by the victors. President Hoover covers his take on events in his memoirs. Volume III: The Great Depression Just in case I am uploading volumes 1 and 2 here. Volume I: Years of Adventure Volume II: The cabinet and Read more…
How central banks manipulate markets to attain their desired outcomes.
Presented by Mike "Mish" Shedlock. Mike "Mish" Shedlock is author of one of the most read economics blogs on the Internet: Mish’s Global Economic Trend Analysis [http://globaleconomicanalysis.blogspot. com/]. Mish gave an @Google talk, sharing his perspective on the state of the global economy (housing, the stock market, commodities, etc.) He Read more…
Since we are in the depression of 2008 it is time to recycle a phrase used during the great depression of the 1930's. When people are really stretched financially they are said to be doing the following: Jack off the dog to feed the cat