Mark McHugh

Stagflation or Deflation?

jt,

You can't just casually drop a bombshell like that, "just as an aside." I haven't heard that Rothschild - Central bank connection before. Could you elaborate a little?

Good article James, I think what you've underplayed is that the root causes, both in the 1920's and now, were credit bubbles. Clearly, the credit bubble popped in 1929, and triggered the depression. But today, it would certainly seem to me that the credit bubble is still expanding as bad housing loans morph into US Treasuries (being issued at an unprecedented clip).

What's terrifying to me is that the root cause has yet to be identified by most, let alone dealt with