“Following the stock market crash of 1929, there was a short period of calm before the government and Fed would deliver a Great Depression. During that short period of calm, the establishment and authorities did their best to assure everyone that things were ok. I don’t doubt that they even believed what they were saying. Here are some examples of what was said during the calm period.”

http://www.economicpolicyjournal.com/2013/01/bernanke-is-blind-as-bat.html

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