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Tag: Great Depression

Happy New Year — Bail-In Passed for Europe's Banks

The mainstream media is not extensively reporting on the “experimental” bail-in that the EU imposed on Cyrus. The bail-in, that they swore would never...

Austria — It Started the Collapse in Great Depression. Will It Do so Again?

In 1931, the sovereign debt crisis and banking system collapse began in Austria with the failure of Credit Anstalt (Creditanstalt), which was partly owned by the...

The First Christmas Tree in NYC, 1931

The first Christmas tree in NYC was erected in 1931 during the worst year of the Great Depression. During this time, almost all of the foreign sovereign bonds...

The Long Depression – the First Great Depression

What actually constitutes the Long Depression has been debatable, for at first it was called the Great Depression, and then that title was transferred to the...

The Truth About the 1933 U.S. Banking Holiday

Herbert Hoover’s memoirs (1951) documents the fact that Franklin D. Roosevelt (FDR) played a very dirty game of politics. There were rumors that FDR would...

Merkel’s Obsession with Austerity & Bias of the Press Against Greece

The obsession with austerity stems from Germany’s experience with hyperinflation. This is akin to the USA’s obsession with the deflation of the Great...

Life Expectancy Increased by Six Years During the Great Depression

There was a major discovery that surfaced from the starvation during the Great Depression. Yes, people went to bed hungry. However, eating less increased the...

Greece 2017 – Sovereign Debt Cycle

There is the old saying “Beware of Greeks bearing gifts” refers to the story of the Trojan Horse. Yet in Eastern Europe, because of the defaults of the...

The Federal Reserve: Part II

  The amount of propaganda against the Federal Reserve is incredible. What we must keep in mind is that its original design, which lasted for about one year,...