Credit in the Great Depression

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Credit has disappeared but not lending. The money people used to play speculative games while using borrowed money, has ended. But merchants and sellers are very anxious to lend just like in the Great Depression. Understanding the difference between credit, wealth, capital and debt is very important if we wish to understand the present depression we entered last year. We look at old stock market graphs and old newspaper ads to explain a little about what really ends a depression and why job security is the vital thing we should worry about, not credit.

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3 Comments

Filed under .money matters, Politics, war and peace

3 responses to “Credit in the Great Depression

  1. isha

    http://space.tv.cctv.com/video/VIDE1239549646894919

    Just can’t believe it… David Rothchild is CCTV (Central 
    China TV)

  2. PLovering

    isha ~ The appearance of David Rothschild on CCTV was an orchestrated public relations con job extraordinaire.
    ~
    CCTV has been had by the greatest living Robber Baron in modern history. Arrest all who collaborated with this performance on CCTV.
    ~
    Look to the Rothschilds accomplishments in the United States for the last 100 years. Wars, debts, depressions, looting, and our very own holocaust in the offing, all because of greedy central bankers trading money for power.
    ~
    The London Rothschilds family owns 57% of US Federal Reserve Bank stock. They are blatant traitors of this stewardship.
    They will do the same to China in their quest for a NWO.
    ~
    For instance, the first priority of the NWO is depopulation. Where would China fit into this priority?
    ~
    David Rothschild may talk about fine wines, art collections, and honorable ancestors, but what he does at the Royal Institute of International Affairs in London City defies the light of day.
    ~

  3. isha

    Plovering:

    Thanks for the inputs. Hope enough Chinese are still remembering the Opium War …

    http://satyricon20.tripod.com/sat33-Sassoon.htm

    the Opium Wars began with the British Army fighting as mercenaries of the Sassoons

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