Excessive Leverage Helped Cause the Great Depression and the Current Crisis … And Government Responds by Encouraging MORE Leverage
It is well known that excessive leverage was one of the primary causes of the Great Depression. Specifically, many people bought stocks on margin, and when stock prices dropped, they were wiped out and their lenders got hit hard.
• U.S. Treasury: China Has Decreased Its Holdings of U.S. Debt
Alex welcomes in-studio author, researcher and radio host Webster Griffin Tarpley. Tarpley is the author of Obama: The Postmodern Coup – Making of a Manchurian Candidate, Surviving the Cataclysm: Your Guide Through the Worst Financial Crisis in Human History, and Barack H. Obama: The Unauthorized Biography.
Why is medical care subsidized by insurance schemes and socialism? The answer is quite obvious in that medical care requires highly trained practitioners and state-of-the-art technology to provide the absolute best care. Such trained practitioners and technology is of limited supply, in great demand and thus incredibly expensive to procure for the average person without financial assistance, be it from insurance schemes or socialist handouts.
The man behind WikiLeaks says his website’s revelations are just the tip of the iceberg. In an exclusive interview with RT, Julian Assange said it is only a matter of time before more damaging information becomes known. The publication of confidential cables proved deeply embarrassing for the US and other countries.
• Marilyn Monroe ‘spent last night alive with mafia boss’