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Yet our distress comes from no failure of substance. We are stricken by no plague of locusts. Compared with the perils which our forefathers conquered because they believed and were not afraid, we have still much to be thankful for. Nature still offers her bounty and human efforts have multiplied it. Plenty is at our doorstep, but a generous use of it languishes in the very sight of the supply. Primarily this is because the rulers of the exchange of mankind's goods have failed, through their own stubbornness and their own incompetence, have admitted their failure, and abdicated. Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men. 4
True they have tried, but their efforts have been cast in the pattern of an outworn tradition. Faced by failure of credit they have proposed only the lending of more money. Stripped of the lure of profit by which to induce our people to follow their false leadership, they have resorted to exhortations, pleading tearfully for restored confidence. They know only the rules of a generation of self-seekers. They have no vision, and when there is no vision the people perish.

2007-12-10 01:18:04 · 3 answers · asked by Anonymous in Politics & Government Politics

3 answers

Yes it does FDR was the greatest President ever.
"Don't forget what I discovered that over ninety percent of all national deficits from 1921 to 1939 were caused by payments for past, present, and future wars."
Franklin D. Roosevelt

2007-12-10 01:47:33 · answer #1 · answered by justgoodfolk 7 · 1 0

FDR was attacking the banking system and the large number of bad loans that were extended during the 1920s. All these bad loans led to the collapse of the housing market, very similar to today's situation.

2007-12-10 09:42:36 · answer #2 · answered by Overt Operative 6 · 0 0

do you blame our money system

do you think the fed has to charge interest?

do you think interest has caused our recession or the foreclosures?

not all countries charge their people interest....

2007-12-10 09:24:13 · answer #3 · answered by Anonymous · 1 0

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