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“His legendary report in June 2008 openly discussed whether the world was on the cusp of events that might prove as dangerous and intractable as the Great Depression, as it indeed it was.”
Comment:
In my observation “the world was on the cusp of events” since 1929. It just never ends. One fiasco after another just since the 1960s JFK assignation. Think about it. ’64 silver coinage OUT.
the ’68 market crash, lasting to 1982. ’71 gold de-peg, causing the Arab oil embargo ’74? Oil $2 to $42 ’69-’79 ($20 to $420 adjusted) Rates 6% to 21% prime. ’87 market crash. USSR imploding. Various currency crashes. Its a effin joke ever since 1913.
And these jokers with a lot to say, somehow never mention the US dollar being traded (manipulated) on the futures market by gov’t lab dog Goldman Sachs and JP Morgan. The gov’t can make or forced to make, the dollar any value they want to imo.
As long as the dollar is pegged very close to the Chinese Yuan, the USA will NEVER be free of big business arbitraging (boycotting) US labor and taxes.