One UK economist warned that the world is now close to a 1930s-like Great Depression, while New York traders said they had never experienced such fear. The Fed's emergency funding procedure was first used in the Depression and has rarely been used since.
TVNL Comment: The private bankers that control our currency created the last depression and they are creating this one. It is their method of pretty much acquiring your assets and buying up everything of value at a bargain. You want to stop this madness? End the Federal Reserve and execute everyone responsible for it's continued existence and anyone who suggests that we bring it back!
Over the last year, US corporate leaders have often explained layoffs by saying the positions were...
