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    🎓 Doc Freemo :jpf: 🇳🇱 (freemo@qoto.org)'s status on Wednesday, 29-Nov-2023 10:21:57 JST🎓 Doc Freemo :jpf: 🇳🇱🎓 Doc Freemo :jpf: 🇳🇱
    in reply to
    • iced depresso
    • Posrev

    @posrev

    Not the federal bank, the fed hadnt existed yet. It was created as part of the solution.

    It was a stockmarket crash, and the full details are rather involved, but the gold backing the money was a central part of the problem and removing that fixed it, which is why we have never seen a crash remotely likely it since.

    @icedquinn

    In conversation2 years ago from gnusocial.jppermalink

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