>>230851

Trade credit was usually not a problem, as I understand it, as long as "bills of credit" were allowed. They allowed the economy and money supply to expand temporarily to accommodate transactions. But the permanent money supply was tied to the rate of finding gold, a steady laborious process.

Come to think of it if Peter Munk owns gold mines, he might not mind returning to a gold standard.

Central banking is a crazy system but it does expand and contract to fit the economy somewhat autonomously. The money center banks, as counterparties for the NY Fed's Open Market Operations, have undue influence, and as they also pretty much own the system, there's a massive conflict of interest.

Do note though that the Federal Reserve Banks have to return all their profits every year to the Treasury. And their financial statements are audited. Until recently Deloitte did it. Not it's KPMG. Audit opinions are posted on the Board of Governors website, for some reason they're a bit hidden but they are there.

>>231032

That's very interesting, thanks. I've literally never heard an informed opinion from the Depression. A great aunt of mine recalls it, but she isn't financially sophisticated and just remembers everyone was poor.

This site http: //www.themoneyillusion.com/?p=10058 says that the Fed tightened too much around 1929, when it was pretty apparent there was a 2000 or 2008 style bubble going on, and caused the crash that year. Eased by a lot but not enough. This site http: //cliometrics.org/conferences/ASSA/Jan_02/Hanes.pdf says that by 1933 (around FDR's inauguration) the discount rate was at zero. In 1937 FDR's Fed raised the reserve requirement, and we went back into depression. So yeah, there's a lot of control by central bankers. Bernanke probably could have avoided the 2008 crash if he'd used conventional easy money rather than a whole bunch of new tricks that protected banks but nobody else. I remember being very frustrated by all his tricks, around 2006 - 7, rather than doing what he obviously had to do.

>>231247

DJT said years ago in an interview that they're "not a bunch of idiots" i.e. their nuclear threat should be taken seriously. They did build some pretty nice buildings, statues of Dear Leader, etc.

>>231302

I think they're competent people. The dancing and shows they put on at holiday season are pretty remarkable. Apparently the place is sort of like Maoist China – competent people with a brutal government.

As for payments I think the connection is more to Russia. There is a highway bridge between the two countries, and the Soviet Union put in the Kim regime originally. If Russia wants to threaten us with nukes they can have Kim do it, and we don't have an excuse to target them if we can't prove it.

>>231353

I don't remember that tweet, or twat, or whatever it was. Was it from POTUS?

>>231363

Yeah so who was posting with Q's tripcodes and getting confirmation from POTUS, eh?