Small businesses and the jobless are still suffering from the aftermath of a credit crunch that was "by far the greatest financial crisis, globally, ever" -- including the 1930s Great Depression, said Greenspan in an address to a Credit Union National Association conference.
Greenspan, the great money printer, is no fool. He's fully aware of the magnitude of this crisis. This financial crisis, the greatest of our history, will be labelled as America's Great great depression in time.
In the movie Crimson Tide, 1995 Capt. Ramsey said about Lipizzaner stallions -
Some of the things they do, uh, defy belief. Their training program is simplicity itself. You just stick a cattle prod up their ass and you can get a horse to deal cards. Simple matter of voltage.
Infinite quantitative easing (QE) is the voltage, and fiat money is the Lipizzaner stallions. It is expected the public watch, but not necessarily understand, the show.
Source: finance.yahoo.com
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