Financial Crisis: What Goes Up…

The Fed has become the chief bubble creator, Abolish the Fed.

Everyone knows that the Great Depression followed the “Roaring Twenties”.

But how many Americans know that the easy credit and loose lending of the Twenties was what caused the Great Depression? Continue reading

U.S. Treasury Secretary Henry Paulson: Coming Financial Crash Shows Need for Immediate Monetary Reform

U.S. Treasury Secretary Henry M. Paulson, Jr., has joined the chorus of those in high places who are warning of a major worldwide economic downturn.

Paulson was quoted at length in a July 23, 2007, article in Fortune by Rik Kirkland entitled, “The Greatest Economic Boom Ever: Enjoy It While It Lasts.” Paulson’s remarks came in the context of assessing the ability of the highly-leveraged equity, hedge, and derivative markets to withstand the shocks to come. He told Fortune in an interview:
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