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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (48450)	4/11/2009 4:58:16 AM
From: elmatador	1 Recommendation Read Replies (4) \| Respond to of 217820

Depression originated in the US and spread to other countries that suffered the effects of a crisis they did not cause. The world need multipolarity not to depend on economic policies they have no control. The USD as reserce currency is the most dangerous liability the world face today. It must be replaced the sooner the better.

To: Haim R. Branisteanu who wrote (48450)	4/11/2009 7:16:07 AM
From: elmatador	Respond to of 217820

Tariffs made sure no one would compete with the US. The more the Europeans slaughtered themselves the better for the raising power. US wanted to make sure they would raise on top of the European (1910-1920) rubble of the old empires without competition. Fordney-McCumber tariff act in 1922 which increased tariffs with an eye to increasing domestic firms' market share. Brazil was the country of the future Argentina was richer than Switzerland and then tariffs were imposed. Even today the US is afriad of 88 million Mexicans as Perot said. The Canadians who are minnows do not pose any danger being only a mere another US state. The tariffs: Sponsors and legislative history The act was pioneered by Senator Reed Smoot, a Republican from Utah, and Representative Willis C. Hawley, a Republican from Oregon. When running for president in 1928, one of Herbert Hoover's many campaign promises to help beleaguered farmers had been to raise tariff levels on agricultural products. Hoover won, and Republicans obtained comfortable majorities in the House and in the Senate in 1928. Hoover then asked Congress for an increase in tariff rates on agricultural goods and a downward revision in rates on industrial goods. The House passed a version of the act in May 1929, raising tariffs on agricultural and industrial goods alike. The Senate debated its bill until March 1930, with many Senators trading votes based on their states' industries. The conference committee then aligned the two versions, largely by moving to the higher House tariffs.[5]

To: Haim R. Branisteanu who wrote (48450)	4/11/2009 2:54:55 PM
From: Elroy Jetson	Respond to of 217820

In the 1930s the banking system in America and many nations was wiped out by losses in the farm sector, because commodity prices collapsed after over-investment creating too much debt in response to WW-I demand. Today the banking system in America and many nation was wiped out by losses in the real estate sector, because real estate and commodity prices collapsed after over-investment creating too much debt due to a bubble of investment demand. So there are many ways to arrive at a collapse resulting from over-investment creating too much debt. Local meteorological conditions, like ticker-tape, is merely window-dressing for the underlying economics. If World Industrial Output declines for another two years, we'll certainly have another similar strong recovery. But of we choose the Japanese route of attempting to prevent further decline in output, then we will have a non-recovery similar to that in Japan. The post-1932 recovery only seemed like a recovery because the collapse was so great. The economy did not recover to pre-1929 levels until many years after WW-II had ended. Stocks again reached their 1929 levels in 1964. .