By Howard Katz:The One-handed Economist took a new position in its letter of September 17, 2010 shifting its commodity holdings from gold to silver. Another change of position is in a special bulletin issued Nov. 10, 2010. However, since this is so recent, in order to learn the contents a subscriber must cross my palm with silver. (See below.)
Today I would like to continue my discussion of the (so-called) Great Depression as this is the giant lie which is behind most of the other economic lies which have deceived so many people and cost them so much money.
What is a depression? It is a period in a country's economic history where the large majority of the people become poorer. It is alleged that such a period occurred in the early 1930s. I have pointed out previously that Economic Statistics of the United States, Colonial Times to 1970, reports that during this period Americans shifted from margarine to butter. They increased their per capita meat consumption (from 129 lb to 144 lb.). And they gave (substantially) more to charity. Further, real wages rose during this period, and the savings of the average American increased in value (buying power) by 30%. This does not sound like a getting poorer to me......read on
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