Hi Cush.
Yeah, my series of posts on "those Crazy Merchant Bankers" is a quite detailed description of the manipulation of Credit in the 1920's and 1930's by what we today would refer to as the "Global Banking Cartel" in the pursuit of their own narrow interests.
It might be a bit tough to slug through, but at least it's posted for forum members to refer to when the need or interest arises.
IMO, it may well provide a template for how this same bunch (some 70 years later) will manipulate the system again in their interests. The visible signs of the manipulation of the gold price that began around 1994 correspond quite well to the U.S.-British-French Money Power's refusal to go off the gold standard in the 1920's/30's - though I have not systemically explored the exact parallels.
Furthermore, the orthodox liberal financial system that had the gold standard at its foundation finally "broke" (and boy did it "break"!) only after the countries that the U.S. loaned money to (money which also significantly rebuilt the German economy and thus financed the material foundation of the Nazi war machine) - based on the cheap credit of the Fed Reserve at the time - went into default. It was the overseas default of U.S. loans that shook the foundations of the gold standard, which then caused foreign money to flee Wall Street, which then triggered the collapse of the Dow in 1929, and which did not hit bottom (from a market valuation vantage point) until 1932. Of course, the real "pain" of the 1930's did not end in 1932 in the U.S., but was felt throughout the 1930's, particularly in the mid-Western farming belt - a la "Grapes of Wrath".
Anyway, great forum Cush. I'm sure I'll learn a lot, as hopefully will everyone.
Take care,
Glenn |
