This post originally posted
at:http://trend-traders.com/2010/01/1929-stock-market-crash-the-movie/
The financial memory only lasts about 30 years then analysts, bankers and
regulators fall victim to greed and fear. No matter how much they fiddle
with interest rates, Bob Marley said it best: “One day the bottom will drop
out…”
Click and download :6 part
1. 1929 Stock Market Crash Part 1 (9 MB)
2. 1929 Stock Market Crash Part 2 (6MB)
3. 1929 Stock Market Crash Part 3 (9MB)
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Comments:
“J.P Morgan had stated to the Congress in his
address: “I’m not a monster…i’m just ahead of the curve. All these
rules - do really think they’ll save you?!” It has been reported that
J.P. Morgan had paint on his face when saying this. Leading to why
many economists believe that this very truth influenced Senator Bob
Kane to establish the Joker Act in the spring of 1940.”
“all through the summer of 1929 there had been ominous rumblings,
for months unemployment had been rising, automobiles sales and dept
store revenues had fallen off sharply..and still on wall street
delirious optimism continued un-dipped…..hmmm, almost too familiar”
“Hate to burst anyone’s “bubble” but the crash of 1929 was
engineered by the Fed. The crashed the market, retracted the money
supply by 30% and the Great Depressions ensued. BUT GREAT FOOTAGE…
really enjoyed that…”
Kind Regards,
Aditya
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