No, It Is Not Entirely Different This Time - But It is More Insidious

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There are whatever differences and they are significant.The US is not on a gold standard, so the devaluation of the dollar does not have to become in a stepwise duty with an official restatement of value. This time the Fed crapper simply monetize debt and provide more dollars as it wills. That is fiat.The US is not a net exporter to the world, as it was then. This is ground Smoot-Hawley was harmful to be Sure you bookmark this page. Thanks...
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