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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (75834)4/6/2009 1:01:00 PM
From: TommasoRead Replies (1) of 118717
 
>>>I can't figure out why everyone keeps comparing now with 1930 when the policies being pursued are so drastically different. Doesn't add up - it's correlation without causation<<<

All sorts of things are drastically different. The United States was the only country on a true gold standard; the country was rich in undeveloped natural resources and in a potential labor force; the money supply was dropping fast instead of being multiplied; the economy was much more self-contained; etc.

Measures being taken now are attacking problems of 80 years ago. Many measures taken then were attacking problems encountered in the Civil War and earlier.
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