This chapter of Understanding money remains unfinished. Still, I believe it is an important chapter because it shows how the good intentions of the Federal Reserve and the U.S. government were the sole cause of the global Great Depression. I had covered 1930, 31, and the beginning of 1932 when I turned my attention to writing Guide to Investing in Gold and Silver. These 177 paragraphs then became the basis for just 12 paragraphs in Guide to Investing in Gold and Silver. I still have 108 pages of notes and quotes as a framework for 1932-1941, so this chapter probably would have been around 150-200 pages long… a book within a book. Maybe I’ll find the time to finish it one day.
I’ve summed up the point of the chapter in an update at the end of the page, and I show how it applies to today’s economic situation.
I hope you like it,
Depressions Are Depressing