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To: Fangorn who wrote (52881)	7/21/1998 5:33:00 PM
From: Jim Patterson	Respond to of 176387

re: Also you claimed earlier that The Great Depression was national, if it happened today it would be global. From this statement I can only assume your grasp of history is abyssmal, I guess Hitler got his start in a mere recession in Germany, Mussolini because the trains were slow. Good point Steven, Was the Greman hyper inflation that lead to Hitlers rise related to the economic woes in the US, or was it poor German monitary policy that caused the hyper inflation ? I have to confess, I do now know what the economic situation was world wide in 1932. I do know that the German Central bank is concervative because they never want hyper inflation again. I do know that markets fell appart in England and Europe the year before the US market crashed. In much the same way that the AP markets fell appart last year. could that be a precursor to what is to come here again ? My point was that the impact of the market crash in 1929 was proportional to the how technology tied parts on the country and I guess I should add World, togeather. Today with greater ties world wide, the impact will be as far reaching on a proportional basis. I don't know if I can explain exactly what I mean, I hope you can get the gist of my point. Jim Sorry about the SP, but I have to go.