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FED Follies were responsible for the Great Depression.

roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
edited August 1, 2017 8:29AM in Precious Metals

A review of the FED's policies from 1913-1933 and how they occurred, and what they caused. This is also the best article I've read by Dr. Fekete that explains the RBD (real bills doctrine) in great working detail. A government having a stash of gold is not a gold standard. The RBD is the other key link.

http://www.24hgold.com/english/news-gold-silver-federal-reserve-follies--what-really-started-the-great-depression.aspx?article=434234832F8350&redirect=false&contributor=Antal+E.+Fekete

Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold

Comments

  • CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭

    There is a great book out called "The Lords of Finance" about the financial leaders of England, France, Germany and America from the end of WW1 until the early days of the Great Depression.

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭

    It explains what they did and why it caused the collapse. The U.S. person was the head of the NY Fed.

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    The question remains, can another be averted? No doubt there are lessons learned... however, it is a different financial world out there now... and seemingly much more potential for an even greater financial disaster. Cheers, RickO

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