Elaine Supkis

Powerful Strengths, Pathetic Weaknesses, and What Donald Coxe Recommends

Like so many pundits, Mr. du Plessis doesn't bother to go look into history.
elainemeinelsupkis.typ...

At my story, 'PPT Rescues Are IDENTICAL to PPT Rescues In 1931'
I found a 1931 Time Magazine article that discusses all the rescues pulled by Herbert Hoover.

They are, down the line, exactly the very same rescues launched this last year by Bernanke and Paulson! There is nothing new under the sun.

The fundamentals of the crashing banking system have not changed. These are very unbalanced global trade with the US empire being the main destination of most exports while being able to pay for this with only fiat currency creation and of course the fake interest rates being foisted on us by central bankers.

Japan has inflation of over 2% a year and still lends at sub-1% rates. This is pure insanity. The US simply lies about inflation and it is far, far higher than the official rate of 4%. And the Fed is lending banks money far below this fake interest rate.

And on top of all this, all the G7 nation's governments are overspending and thus, borrowing money. This is massive money creation at work since borrowing=money creation out of thin air. We have too much credit being given to too many who are too deep in debt. Just like with the Great Depression.