Great depression in a nutshell: wipe out peoples' savings, hold them liable for their debts, steal their stocks because fuck you is why, complain people hate you for (((no reason)))
The great depression is excessively jewish. Farmers made more grain than ever before, but because no one could eat that much grain the price crashed and they couldn't pay their loans. Bankers demanding to be paid for their over lending turned a surplus into a depression.
But it is accurate to say it was mostly caused by the banking and monetary sector than caused by a president.
Hoover wasn't that great. Just like all presidents he was a sack of shit. The problem is he gets attacked for the wrong reasons. Kind of like Trump. Not really worth defending but the people attacking him the loudest do have some commie bullshit they are trying to pull. Yep. He really is the original Trump.
It was the actions of FDR, Hoover's successor, that made the Great Depression even worse and dragged it out even longer. All on the advice of jews, of course.
Funny. Both started make work projects. It's called the Hoover damn for a reason. It's funny how make work seems to make the country destitute. It actually makes sense. You are asking people to work harder at something not supported by real demand. You are basically using your ability to print money to pull people away from productive tasks to waste effort on unproductive tasks. If you do that with your personal life you end up destitute. It should be no wonder why it happens to countries. Being burdened with more work and having less real needs satisfied is pretty much the definition of destitution.
But people see money going into hands and they are confused and think that is the same thing as people being more well off because they've bought the trick that their bullshit token and value are the same thing.
Make work can be great if the leader of the country has the country's best interest in mind. Infrastructure is usually good, giant pre-built cities that no one will ever inhabit (China), bad. I wouldn't pick the Hoover dam as an example of bad make work.
[ + ] niggaswaywhat
[ - ] niggaswaywhat 4 points 3 weeksApr 8, 2024 15:33:00 ago (+4/-0)
[ + ] PotatoWhisperer2
[ - ] PotatoWhisperer2 3 points 3 weeksApr 8, 2024 18:29:49 ago (+3/-0)
[ + ] Belfuro
[ - ] Belfuro 4 points 3 weeksApr 8, 2024 15:27:49 ago (+4/-0)
They inflated (taxed) us goyim too hard then restricted our access to currency causing stagflation.
They are doing it again
[ + ] TheNoticing
[ - ] TheNoticing 3 points 3 weeksApr 8, 2024 18:03:21 ago (+3/-0)
[ + ] fnbs
[ - ] fnbs 3 points 3 weeksApr 8, 2024 18:49:15 ago (+3/-0)
[ + ] ModernGuilt
[ - ] ModernGuilt 3 points 3 weeksApr 8, 2024 16:20:50 ago (+3/-0)
[ + ] TheYiddler
[ - ] TheYiddler 3 points 3 weeksApr 8, 2024 16:10:56 ago (+3/-0)
[ + ] soupnazi
[ - ] soupnazi 1 point 3 weeksApr 8, 2024 16:45:38 ago (+1/-0)
https://mises.org/mises-daily/hoovers-attack-laissez-faire
But it is accurate to say it was mostly caused by the banking and monetary sector than caused by a president.
Hoover wasn't that great. Just like all presidents he was a sack of shit. The problem is he gets attacked for the wrong reasons. Kind of like Trump. Not really worth defending but the people attacking him the loudest do have some commie bullshit they are trying to pull. Yep. He really is the original Trump.
[ + ] BulletStopper
[ - ] BulletStopper 1 point 3 weeksApr 8, 2024 15:43:02 ago (+1/-0)
[ + ] soupnazi
[ - ] soupnazi 0 points 3 weeksApr 8, 2024 16:55:11 ago (+0/-0)
But people see money going into hands and they are confused and think that is the same thing as people being more well off because they've bought the trick that their bullshit token and value are the same thing.
[ + ] allAheadFull
[ - ] allAheadFull 1 point 3 weeksApr 8, 2024 19:04:23 ago (+1/-0)
[ + ] mannerbund
[ - ] mannerbund 0 points 3 weeksApr 8, 2024 18:38:14 ago (+0/-0)
https://ibb.co/PM7DMND