Is This 1931 All Over Again? Paul Krugman, Nouriel Roubini, Niall Ferguson And More Think So!
- The Illuminists are following a very tight script. It appears to be the period in between WW1 and WW2. This time round they are using America (as Nazi Germany was used) to start World War 3. The intent is a cataclysmic Satanic World War 3 leading to their Luciferian New World Order, World Government, Global Fascist Militarized-Police State!
Is this 1931 all over again? Paul Krugman, Nouriel Roubini, Niall Ferguson and more think so!
by Pamela Heaven, http://business.financialpost.com/
Is the world about to repeat the economic catastrophe of 1931?
A growing chorus of economists of all stripes thinks so.
“Suddenly normally calm economists are talking about 1931, the year everything fell apart,” writes Nobel prize winning economist Paul Krugman in the New York Times.
“The parallels between Europe in the 1930s and Europe today are stark, striking, and increasingly frightening, write Bradford DeLong and Barry Eichengreen in the new preface to Charles Kindleberger, The World in Depression 1929-1939. “We see unemployment, youth unemployment especially, soaring to unprecedented heights. Financial instability and distress are widespread. There is growing political support for extremist parties of the far left and right.”
In May 1931, Austrian bank Creditanstalt, founded in Vienna by the Rothschild banking dynasty, suffered a run. Its collapse after a merger with an insolvent rival sparked a crisis that left Germany and central Europe strewn with failed banks, caused defaults in Europe and Latin America, knocked the pound off the gold standard, and forced the New York Federal Reserve by October to raise its discount rate by 2 percentage points.
“Austria’s troubles shouldn’t have been big enough to have large effects on the world economy, but in practice they created a panic that spread around the world. Sound familiar?” wrote Krugman. The ominous clouds on the horizon are uniting economic pundits who normally find little common ground.