Image by Chase Elliott Clark via Flickr
by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, Mar. 21, 2020
March 22, 2020
In what is being called the worst financial crisis since 1929, the US stock market has lost a third of its value in the space of a month, wiping out all of its gains of the last three years. When the Federal Reserve tried to ride to the rescue, it only succeeded in making matters worse. The government then pulled out all the stops. To our staunchly capitalist leaders, socialism is suddenly looking good.
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