Why Washington Cannot Prevent Economic Depression | WHAT REALLY HAPPENED

Why Washington Cannot Prevent Economic Depression

In order to raise money for the government, I must retain your confidence, your trust. To do that, I cannot run the printing presses or destroy your money. Instead, I have to let the deflation and depression run its course.

Bottom line: It's preposterous to believe that Washington can save every failing individual, company, country and government on this planet.

It's naive to believe that government gimmicks or trick — manipulating the currency, writing new laws, changing the banking structure — will be a match for billions of consumers in revolt, millions of investors desperate to sell and thousands of banks pulling in their horns.

The government cannot repeal the law of gravity or stop investors from dumping their assets.

It cannot turn back the clock or reverse decades of financial sins.

It cannot win the battle against depression.

It cannot stop the Dow or S&P from losing half their value from current levels, if not more.

It cannot stop the collapse in real estate, commodities, and corporate bonds.

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