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2 minutes ago, dmedin said:

The central banks have folded and shown all their cards, yet the market keeps sinking.

It's going to take something seriously positive to turn this around.

Capitalism in crisis yet again!

Meanwhile in Venezuelan and North Korea everything's going well and the queues for food are really thinning out, marvelous 👍

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Wow, it sounds like there's a historical precedent for activist government intervention and regulation!

Quote

Reform of the economy was the goal of the National Industrial Recovery Act (NIRA) of 1933. It sought to end cutthroat competition by forcing industries to establish rules of operation for all firms within specific industries, such as minimum prices, agreements not to compete, and production restrictions. Industry leaders negotiated the rules which were approved by NIRA officials. Industry needed to raise wages as a condition for approval. Provisions encouraged unions and suspended antitrust laws. NIRA was found to be unconstitutional by unanimous decision of the Supreme Court in May 1935; Roosevelt strongly protested the decision.[162] Roosevelt reformed the financial regulatory structure of the nation with the Glass–Steagall Act, creating the Federal Deposit Insurance Corporation (FDIC) to underwrite savings deposits. The act also sought to curb speculation by limiting affiliations between commercial banks and securities firms.[163] In 1934, the Securities and Exchange Commission was created to regulate the trading of securities, while the Federal Communications Commission was established to regulate telecommunications.[164]

Recovery was pursued through federal spending.

https://en.wikipedia.org/wiki/Franklin_D._Roosevelt#First_New_Deal_(1933–1934)

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