GOLDBUGS AMEX Goldbugs Index (GOLD)

[SilverSurfer]

Will Obama follow through on his promises and repeating mistakes made in '30's>>>>>>>

"Creating the first Great Depression required a horrific stock-market crash, followed by several major policy miscues. Key among them:

A huge increase in tariffs (The Smoot-Hawley Tariff Act of 1930) at a time when world trade was already in a fragile state, and trade barriers were much higher than they had been before 1914.

A 30% decrease in the money supply caused by bank failures, which made prices drop 20%, made real interest rates correspondingly high and was a major cause of real GDP dropping 25%.

A major tax increase at the bottom of a deep recession, taking the top marginal rate of income tax from 25% to 63%."