A common denominator running thru all of these financial upheavals is the unregulated greed and shady dealings of Wall Street, never at a loss to invent newer and more seductive games of "Three Card Monte." Until the marks start catching on, then its time to take the money and run...... till the next game of grift is up and running.
And the Bank of England, which was and still is controlled by the Rothschilds, deliberately squeezing the money supply to the U.S. to help create these "panics."
Another common denominator is the use of the word "PANIC." When you hear panic, what do you think? Run to a safe place, maybe, like your local bank?
The Panic of 1857
The immediate event that touched off the panic was the failure on August 24 of the New York City branch of the Ohio Life Insurance and Trust Co., a major financial force that collapsed following widespread embezzlement. In the wake of this event, a series of other setbacks shook the public's confidence, which included the collapse of land speculation programs that depended on new rail routes, ruining thousands of investors
Out of control speculation helped tank the economy in 1857, which was brought back to life by the Civil War. Just like the Great Depression was finally banished with the outbreak of WWII and the United States entry into that conflict.
Yep, these Wall Street gangsters and war profiteers know what they're doing.
The Panic of 1873
The Panic of 1873 was the start of the Long Depression, a severe nationwide economic depression in the United States that lasted until 1879. It was precipitated by the bankruptcy of the Philadelphia banking firm Jay Cooke on September 18, 1873.
The New York Stock Exchange closed for ten days starting September 20. Of the country's 364 railroads, 89 went bankrupt. A total of 18,000 businesses failed between 1873 and 1875. Unemployment reached 14% by 1876, during a time which became known as the Long Depression. Construction work lagged, wages were cut, real estate values fell and corporate profits vanished.
Unregulated growth on Wall Street, sound familiar? In 1873 it was railroads that failed, in 2008 banks.
A scam in 1873 that was such a good way to fleece the public, it was repeated in 1893--with slight variations, of course. Gotta keep the marks attention on the two-headed dog while your confederate picks their pockets.
The Panic of 1893
The Panic of 1893 was a serious economic depression in the United States that began in 1893. This panic was an extension of the Panic of 1873, and like that earlier crash, was caused by railroad overbuilding and shaky railroad financing which set off a series of bank failures. Compounding market overbuilding and a railroad bubble was a run on the gold supply and a policy of using both gold and silver metals as a peg for the US Dollar value. The Panic of 1893 was the worst economic crisis to hit the nation in its history to that point. To put this event in context, the period of economic crises known as the Long Depression (1873-1896) was worse than the Great Depression of the 1930s
The 1880s had seen a period of remarkable economic expansion in the United States. In time, the expansion became driven by speculation, much like the "tech bubble" of the late 1990s, except that the preferred industry was railroads. And the tech bubble led to the real estate bubble, which helped fuel the really nasty bubble that's going to explode like a nuclear bomb, the derivatives bubble.
The Panic of 1907
The Panic of 1907, also known as the 1907 Bankers' Panic, was a financial crisis that occurred in the United States when the stock market fell close to 50% in January from its peak in the previous year. At the time, the economy was in a recession and there were numerous runs on banks and trust companies. The panic's primary cause was a retraction of liquidity by a number of banks in New York City that quickly spread across the nation, leading to the closures of both state and local banks and businesses.
A panic engineered by JP Morgan and Lord Rothschild, to break down the Anti-Trust laws. Bankers and regulations don't go well together, it seems.
Aided and abetted by Nelson Aldrich, who later helped create the Federal Reserve and who's daughter married into the Rockefeller family while his son Winthrop became chairman of the Rockefeller bank, Chase National.
Back then, banker Jacob Shiff was threatening Americans to get behind a central bank or else face a long depression. Just like Bernanke of the Fed has been threatening Americans to get behind the banker bailout act... or else.
Here's how the Federal Reserve organization was described:
Forbes magazine founder B. C. Forbes wrote several years later in a a story in the New York Times:
Picture a party of the nation’s greatest bankers stealing out of New York on a private railroad car under cover of darkness, stealthily riding hundreds of miles South, embarking on a mysterious launch, sneaking onto an island deserted by all but a few servants, living there a full week under such rigid secrecy that the names of not one of them was once mentioned, lest the servants learn the identity and disclose to the world this strangest, most secret expedition in the history of American finance. I am not romancing; I am giving to the world, for the first time, the real story of how the famous Aldrich currency report, the foundation of our new currency system, was written.
Four major Wall Street panics inflicted on the nation, leading for calls for a central bank that could really put the screws to Americans, which was established in 1913, along with the income tax to pay off these hucksters and war profiteers.
Which led to the really big horse thievery, the 1929 stock market crash and the Great Depression.
"... an editorial published in The New York Times in the midst of the 1929 crash, on Oct. 26. It heaped scorn on those who had participated in the ``orgy of speculation'' that had sent prices so high amid talk of a new era and permanently high stock prices. ``We shall hear considerably less in the future of those newly invented conceptions of finance which revised the principles of political economy with a view solely to fitting the stock market's vagaries.''
An orgy of speculation, fueled by a tsunami of funny money printed by the Fed and issued to Wall Street. Money that was lent to speculators to buy up stock they couldn't afford, but hey, Wall Street's bottom line was nice and fat..... Until the Great Depression.
An incestuous relation between commercial and investment banks that is happening today, thanks to Congress in 1999 repealing the 1933 Glass-Steagall Act, which had put a firewall between those two financial institutions.
Who helped write and push the 1999 Financial Services Modernization Act thru Congress?
John McCain's good buddy, former Senator Phil Gramm, who is likely to be the Treasury Secretary in a McCain administration.
Here's a thought to leave you with that really should Panic you: The Federal Deposit Insurance Corporation only has 52 BILLION on hand to back up over FOUR TRILLION in deposits.
Hear Paulson or Bernanke say the FDIC funds need to be increased to adequately insure all of that money?
Now you can panic.
Fair Use Notice
This web site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance the understanding of humanity's problems and hopefully to help find solutions for those problems. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. A click on a hyperlink is a request for information. Consistent with this notice you are welcome to make 'fair use' of anything you find on this web site. However, if you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. You can read more about 'fair use' and US Copyright Law at the Legal Information Institute of Cornell Law School. This notice was modified from a similar notice at Information Clearing House.
- ► 2017 (211)
- ► 2016 (214)
- ► 2015 (218)
- ► 2014 (207)
- ► 2013 (323)
- ► 2012 (187)
- ► 2011 (277)
- ► 2010 (375)
- ► 2009 (423)
- "Welcome to McHolocaust™, where we serve up the nu...
- Does John McCain have Alzheimer's Disease?
- Witch Doctors and $24,000 dollar hair cuts: In the...
- Welcome the the Hotel California: 'Jewish banks ma...
- You are "anti-Semitic" if...
- Stepping Softly into the Dark Night of Martial Law...
- The American-Muslims that Palin and the Right Love...
- Al-Qaida Endorses McCain, says Rita KATZ of Jewish...
- Banker Bailout Money to be used to Consolidate Ban...
- The "Anti-Zionist" Song
- It's TRUE!!! Money DOES grow on trees!!! We're sav...
- 36 Zionists who are shaping the 2008 U.S. election...
- Iranian President Scares Israel with talk of justi...
- We have become a nation of bullies and bastards w...
- Israel's Control of the U.S. Congress
- U.S. Army prepares to invade U.S.
- A Wall Street History of Looting and Plundering th...
- 9/11 Truther are Idiots, Bollyn is Insane and I'm ...
- Using Hebrew Myths and Legends as U.S. Foreign Pol...
- The 1.4 TRILLION Dollar Savings and Loan Rip off a...
- Our “Beacon of Democracy in the Middle East” - Sto...
- Horror Tale! Lithuania accuses Holocaust™ historia...
- How the collapsed American economy will be handled...
- "In order to accept this plan, ... he needs to be ...
- You are "anti-Semitic" if...
- Bin Laden Being Blamed for U.S. Financial Crisis
- NO BANKER LEFT BEHIND ACT set to pass corrupt Hous...
- ▼ October (27)