Intuitive fred888: THE ECONOMIC IMBALANCES IN 1929 LED TO THE LAST GREAT DEPRESSION SIMILAR TO NOW

Wednesday, December 20, 2017

THE ECONOMIC IMBALANCES IN 1929 LED TO THE LAST GREAT DEPRESSION SIMILAR TO NOW

All present variables presently point to another Great Depression. The last Great Recession actually pointed to a Great Depression 10 to 25 times worse worldwide than the last one but a few people like Geitner and Bernanke and Paulson and a few others figured out how to avoid another 25 times worse Great Depression than the last one.

The problem now is that rich people (especially in this Tax Bill) are so greedy through Trump that they likely will create another Great Depression 10 to 100 times worse than the last one. And this time you likely might expect 50% of the worlds populations to die in this next one with mostly only people upper middle Class and above surviving this one.

You can sort of see the writing on the wall just like the last time.

Because of nuclear weapons we cannot have big wars to reduce populations like we once did.

So, you can see the wheels turning in the minds of the rich of the world "We need to reduce populations and we cannot do it through wars."

So, you have instruments like the Tax Bill to kill people instead.

This Tax Bill likely is the start of the foundation of the next Great Depression here on earth which could starve to death (and through riots) kill off 50% of the populations of the world in the process.

However, the rich are very very foolish in this because they think their wealth will protect them which it won't.

Because this Great Depression likely would be as bad as the French Revolution in the last 1700s where most of the aristocracy of France was guillotined. There really is no difference between the rich and the aristocracy of any country.

I think this is important to remember for all classes of people.

If the poor are dying in droves the rich are too.

This is a fact of life people. GET REAL!

Timothy Geithner - Wikipedia

https://en.wikipedia.org/wiki/Timothy_Geithner

Timothy Franz Geithner is a former American central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama from 2009 to 2013. He was the President of the Federal Reserve Bank of New York from 2003 to 2009, following service in the Clinton administration. He now serves ...

‎Family and education · ‎Early career · ‎Secretary of the Treasury

Ben Bernanke - Wikipedia

https://en.wikipedia.org/wiki/Ben_Bernanke

Ben Shalom Bernanke is an American economist at the Brookings Institution who served two terms as Chairman of the Federal Reserve, the central bank of the United States, from 2006 to 2014. During his tenure as chairman, Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis. Before ...

‎Alan Greenspan · ‎Stanley Fischer · ‎Edward Lazear

Henry Paulson - Wikipedia

https://en.wikipedia.org/wiki/Henry_Paulson

The support given by Federal Reserve Board, under Ben Bernanke, and the US Treasury with Paulson at the helm, in the acquisition of Bear Stearns by J.P. Morgan and the $200bn facility made available to Fannie Mae and Freddie Mac attracted a great deal of criticism in congress by both Republicans and Democrats.

President‎: ‎George W. Bush

Children‎: ‎Merritt‎; Amanda

Political party‎: ‎Republican

Alma mater‎: ‎Dartmouth College‎ (‎BA‎); ‎Harvard ...

Bernanke, Geithner, Paulson to lead new project explaining decisions ...

https://www.brookings.edu/.../bernanke-geithner-paulson-to-lead-new-project-explain...

Nov 9, 2017 - The project will be led by former Treasury secretaries Tim Geithner and Hank Paulson and former Fed Chair Ben Bernanke, and will culminate in the presenting of research at a Brookings conference close to the tenth anniversary of the crisis on September 11 and 12, 2018. The conference will end with ...