Miles Guo: The Great Depression caused more deaths than wars - GNEWS

Translated by: MOS Health Team – Baoliaofen

In his Grand Live broadcasting on May 6, the founder of Whistleblower Movement, Mr. Miles Guo, shared his view on the economic situation of the world during World War II.

Before World War II, major countries of the world, especially European countries, were fighting against dictatorship, pursuing so-called democracy, and highly praising globalization. During World War II, the world’s ideology shifted to extreme nationalism with far-right ideology, which implemented conservative and closed economic policies, and resisted globalization. The confrontation between two different ideologies led to the Great Depression.

The war was the result of the economic downturn. Although it seems the wars have caused a large number of deaths, according to incomplete statistics, roughly 60 million people died in World War II, but the longest economic depression in human history, between 1929 and 1948, caused over 200 million people died, when the world’s population at that time was only 2 billion.

The Great Depression began with the British Empire’s adherence to the gold and silver standard, conservative economics among nations, raising tariffs, shortages of food and industrial materials, businesses could not survive. The Great Depression lasted for quite a long time. Later, started from the United States, the Gold Standard was abolished, and paper money was printed, which opened the currency era of national credit based, until now.

Historically, wrong monetary policies prolonged the Great Depression by longer time. If there were H-coins (Himalaya Coin) and H-pay (Himalaya Pay) in circulation at that time, plus stable coins and floating coins, while anchoring 20% of the total value to gold, people would no longer have to be at the mercy of the wrong decisions of those rogue financiers and politicians.

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Miles Guo: The Great Depression caused more deaths than wars - GNEWS

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