E Fed Great Depression And Great Recession Liquidations Go Unexplained

I lived through all this in Reno and Las Vegas. I saw marriages dissolved, pets abandoned, people committing suicide and destruction of houses by those who felt betrayed by this purging of the rottenness. I saw it all. And I see an underclass of the perpetually unemployed totaling millions of people, many who have no hope and have had no hope for financial success for years after 2008.

I suggest that the rottenness was the market destruction itself, a great evil inflicted upon the people. Until I get a better explanation I continue to stick to that view. Just remember, bankers never forget their business. Central bankers never forget their patterns, and we just need to know more about that. When you have Will Rogers making fun of the term "restoring confidence" in the 1930's, and we see the term on CNBC over and over soon after the present Great Recession crisis, we can be assured that bankers never forget, though we as a nation continue to operate in the dark, with just a few glimpses of sunlight.

I hope I provided that to you, thanks mostly to the Market Monetarists.

For Further Reading:

Fed Premeditated Mispricing Of Risk In Housing, Oil, Junk Bonds And Other Markets 

LIBOR Destroyed Subprime. But The Fed Deepened The Great Recession

Larry Summers 100 Dollar Bill Ban And Westfalia Lost

Proof The Federal Reserve Was Responsible For The Housing Bubble And Crash 

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Disclosure: I am not an investment counselor nor am I an attorney so my views are not to be considered investment advice.

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