The Greatest Robbery In American History Compared To The Subprime Mortgage Crisis

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Saw an interesting video today that compared the early 20th century American stock market to todays subprime crisis. There really are some stunning similarities, but the piece that caught my eye was the last 20 seconds when he describes the investor pull out right before the 1929 stock market crash as “The Greatest Robbery in American History”…

I’m not a huge history buff, and I know the generalities of the stock market crash of 1929, but never knew it in depth like this, and the similarities to todays subprime debacle. This is a very informative 4 minutes and 36 seconds.

“Give me control of a Nation’s money supply, and I care not who makes the laws.”

- Amschel Rothschild

“If you want to remain slaves of the bankers and pay for the cost of your own slavery, let them continue to create money, and control the nations credit.”

- Sir Josiah Stamp

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Tags: Debt, Financial Education, Investing //

2 Comments

  • User Gravatar no imageBlack Hammer (Who am I?)
    May 1st, 2008 at 4:33 am

    Check out http://www.angryrenter.com as well.

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  • User Gravatar no imagecastocreations (Who am I?)
    May 1st, 2008 at 8:15 am

    I’m just not so sure I buy the idea that JPM, et al purposely caused the Great Depression through their banking/investing actions. But I could be less paranoid than some. I realize that evil exists out there but I find it very hard to believe that business leaders would purposely act to cause such extensive damage. Do I think that loan companies were irresponsible in today’s housing crisis? Oh hell yes. But people STILL need to be responsible for their own actions. Just because a business says you can have all this “free” money to buy a home doesn’t mean you should. People are so irresponsible today and the government is just encouraging that mindset by bailing them out - basically telling them it isn’t their fault.

    castocreations’s last blog post..And the Winner Is…

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