Listen very carefully.
Our country was stolen in 1913 and we have taken it back.
(twitter.com)
— 𝓦𝓦𝓖1𝓦𝓖𝓐 —
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the depression had long started, 1929, before Smoot-Hawley tarrifs
economies get structured. certain ways, the money supply had been pumped —> speculation & then the Fed changed money supply momentum / direction
some economists argue that Smoot-Hawley made things worse, but the depression had started in 1929; and US. exports were weakened by economies with trade partners having already gone bad, not just tariff wars
The Fed should have supplied adequate money, they had pulled the plug
what is interesting is who benefitted, Morgan and Rockefellers do not seem to have gained from this; did London see too strong of an American economy?
All great questions fren...the evil ones had to maintain our indebtedness to them...🤬👿
makes sense, they find their ways
Europe had a sovereign debt default. The dollar increased in value causing deflation (dollars were increasing in value without investing). Why would anyone with money loan it or bother investing ?
The Fed did pull the rug but like in Germany that is how they get 'Lean , Mean Fighting machines'
thanks, insights that cannot be left out