Guns and Butter

Guns and Butter – June 23, 2010

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"The Collapse of Europe As the Second Phase In Two World Depressions" with Webster Tarpley.  Comparison of the three waves of the depression of the 1930s with the progression of the current depression:  the October 1929 New York Stock Market crash; the summer 1931 banking panic and collapse of Europe, including the destruction of the world monetary system which depended on the British pound; and the subsequent banking panic and closure of the banks in the United States.