A Quote by Norman Davies
The Terror-Famine of 1932-33 was a dual-purpose by product of collectivization, designed to suppress Ukrainian nationalism and the most important concentration of prosperous peasants at one throw.
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That goes back to 1932, although it was really implemented in '33 under Jesse Jones, and it invested in mostly banks initially and preferred stock and that sort of thing. So there are two things needed in the system, the one that's needed overwhelmingly is liquidity. I mean, when people are trying to [unintelligible], there has to be somebody there to buy.
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