DD Support Board and Research Team

[Realityhurts]

It is beyond ironic that NSS believers want a return to those days.

You would think that they would read up on the panic of 1907 and appreciate how much power short sellers had when the ball got rolling in their favor.

I'm not a fan of all powerful CBs but, the alternative isn't appealing at all. Although, from a trading perspective, the ensuing booms and busts would be a lot of fun. As long as the system remained intact in the end.

The main argument is that 1929 occurred well after the Fed too but, most people usually don't realize that a large portion of the banking system was not in the Federal Reserve system at that time.