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Wednesday, June 27, 2012

''Turk - Capital Controls, Panic, The Great Depression & Gold''

From King World News

''Bank runs were a focal point of the Great Depression, but they were just part of a bigger 3-step process that has parallels to today.  After the 1929 stock market crash, people moved money out of investments and put it into banks.  They wanted the liquidity, and, at first, did not fear for the safety of their money on deposit.  We went though this step with the Lehman collapse.''

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