The 1929 crash resulted from capital concentration in the automobile industry (analogous to today's AI bubble), not from monetary factors. The US had a balanced budget and the dollar was strengthening in 1929, opposite of what people assume.
factualpending
Speaker
Martin ArmstrongEvidence Quote
“in 29 the US had a balanced budget you know the dollar was going up dramatically that's why Roosevelt confiscated the gold”
Source
Western Empire Facing Same Collapse as Rome in its Final Days: Martin Armstrong— Commodity CultureCreated: 8/12/2026, 6:34:55 PM
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