WAYNE
@dwayne59
TORONTO, ONT Canada
Joined Oct 10, 2008
My Music
1 song ·
1 artist
Oct 4, 2008
The Endless Road
Oct 4, 2008
The Endless Road First for most I would like to say that there's alot of talented independent Artiest out there that are artistic, and lyrically talented and under rated because of a very out dated industry that we support on a daily bases! This system dates back to the days of wall street great depression back in October 29, 1929 . So why don’t we form our own industry of independents but work as a team. But who am I just your ever day listener that my mind is not controlled by the industry leaders. Don’t forget the biggest conception out there the (M.E.D.E.I.A Mind, experimental, Devices, Educating, Inner, Actions) Media if you don’t understand the abbreviation that’s just me again saying who I to judge am. all I know is that if you can’t see between the lines your lost or could it be that you know to much, but some time your not forgotten of the past for things you’ve done to others or for others in the past . In my eyes I see that the world is all about bread but when is never enough speaking of bread why is it that the people on top of the industry get millions of dollar for failure when I fcuk up at work I get fired I don’t get shit ! that make me let you know the way it is the industry runs backwards but that’s just me my time is up for my 0.000006 Mila seconds of fame Because of my budget this is what I can afford for advertisement since I don’t have a 100 million dollar budget. Just for a 60 second commercial but then again that’s me just putting it out there for thoughts who don’t know why but did you “ U.S. Federal Reserve and money supplyMonetarists, including Milton Friedman and current Federal Reserve System chairman Ben Bernanke, argue that the Great Depression was caused by monetary contraction, the consequence of poor policymaking by the American Federal Reserve System and continuous crisis in the banking system. [media] [media] In this view, the Federal Reserve, by not acting, allowed the money supply as measured by the M2 to shrink by one-third from 1929 to 1933. Friedman argued [media] that the downward turn in the economy, starting with the stock market crash, would have been just another recession. The problem was that some large, public bank failures, particularly that of the Bank of the United States, produced panic and widespread runs on local banks, and that the Federal Reserve sat idly by while banks fell. He claimed that, if the Fed had provided emergency lending to these key banks, or simply bought government bonds on the open market to provide liquidity and increase the quantity of money after the key banks fell, all the rest of the banks would not have fallen after the large ones did, and the money supply would not have fallen as far and as fast as it did. [media] With significantly less money to go around, businessmen could not get new loans and could not even get their old loans renewed, forcing many to stop investing. This interpretation blames the Federal Reserve for inaction, especially the New York branch. [media] One reason why the Federal Reserve did not act to limit the decline of the money supply was regulation. At that time the amount of credit the Federal Reserve could issue was limited by laws which required partial gold backing of that credit. By the late 1920s Federal Reserve had almost hit the limit of allowable credit that could be backed by the gold in its possession. This credit was in the form of Federal Reserve demand notes. Since a "promise of gold" is not as good as "gold in the hand", during the bank panics a portion of those demand notes were redeemed for Federal Reserve gold. Since the Federal Reserve had hit its limit on allowable credit, any reduction in gold in its vaults had to be accompanied by a greater reduction in credit. Several years into the Great Depression, the private ownership of gold was declared illegal, reducing the pressure on Federal Reser