"When the economy becomes overwhelmed with asset depreciation ie the ability of CB's to create money supply is overwhelmed by the destruction eg Great Depression. And that is the difference between then and now. Back then they were constrained by the ability to supply liquidity rapidly enough to overcome the destruction.
Now we have no such problem as the system is built around endless supply."
Woteva, your comments echo jim rogers on fox business a few minutes ago.. this financial mess is totally different to the great depression yet they are trying to use the measures (creating liquidity and borrowing) which would/may have been effective then, now.
As posted over the weekend if i recall correctly, this mess is similar to the late 1800's in europe, where a real estate bubble broke and the USA took over the running of the world economy.. in a few years time it will be the chinese and asians turn to take centre stage because that is where all the money is
