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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (26799)	2/1/2010 10:48:26 PM
From: bruiser98	Read Replies (1) \| Respond to of 71463

I think that when the Great Depression appeared early in the Hoover presidency, Hoover relied on the financial brains in his administration, like Treasury Secretary Mellon, to chart a course for recovery. Mellon was a banker, at that time, the third richest man in the world. Mellon and the other geniuses enacted solutions orientated toward enhancing their wealth and power. And preserving the status quo for their class. By the time Hoover's presidency was over, the banking system was in chaos, and had to be shut down early in Roosevelt's presidency. I wonder if we're following a similar course today.