Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Elite Bankers LOVE deflation. After the US Civil War Morgan was allied with the Rothschilds of London and had access to vast reserves of gold. They contributed, bribed and agitated to retire the Greenback Dollars, which produced deflation, and then their agents proceeded to foreclose on most of the loans they had made, thereby pocketing the profits already made plus the assets against which the loans had been made. It was the financial basis for the creation of the Southern term "Carpetbagger", and Carpetbaggers were protected by the Union Army and Reconstruction state governments. That is part of the dark side of Reconstruction.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Mar 20th, 2016 at 11:49:13 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

The Sciences of the Artificial

by Cat - May 30
15 comments

City Agriculture - May 23, 2024

by gmoke - May 23
3 comments

Occasional Series