mary deep depression which is different than an inflationary depression which we saw during why mar republic back in the twenty's so what we had to get to here is going to be a deflationary depression because if you say banks are failing that sounds like deflationary depression but you know what about the other side of the coin here where the money printing is attempted on this gargantuan scale and we go more like oh why one republic type deal alister ok what we've got to do is to separate out this problem into 2 components the 1st one is the problem the banks have open sleigh if i know that these banks have too much gearing the directors of these banks also fully aware of this gary and this is why if you look at the growth of back lending it's actually started to tail off and if anything it's beginning to contract. the problem they have is that they can't really contract bank lending without creating whites' go bankruptcies but equally they can't go on just increasing bank lending so that's one problem that's the deflationary aspect that you were talking about the inflationary aspect is rea

quote, the islamic republic of iran will never forget the mar tor dom of sul mannie and will strike a blow in the united states. so you can threaten the citizens of this great country, the le leader of the largest state sponsor of terrorism, that's just fine, but oh, the president says he's not going to allow some autonomous zone in d.c. and he gets censored. all kinds of examples. most of them from this year and that's what's critical to understand. thmost of them from this year, election year. that's what concerns me and so many americans because we saw what google did in 2016. we all know about the e-mail the day after the election where top executives at google talked about the silent donation. in spite of their efforts to help clinton, president trump won. but we're 97 days before an election. and the power as the previous chairman and ranking member have said, the power these companies have to impact what happens during an election, what people, what american citizens get to see prior to their voting is pretty darn important. that's why this committee hearing is important. we al