Free Republic

It's been said that history does not always repeat itself, but it does rhyme. It's also been said that those who don't learn from history are doomed to repeat it. How is this for historic irony, the first leg of the Great Depression reduced the Dow Jones ... by 48%. The subsequent rally lifted the Dow by over 40%. Fast forward and you will find that the first leg of this recession melted the Dow Jones ... S&P 500 ... and Nasdaq ... by just over 50%, while the rally from the March lows - reminiscent of the 1930s rally...

With both Barack Obama's supporters and the media looking forward to the new administration's policies being similar to President Franklin D. Roosevelt's policies during the 1930s depression, it may be useful to look at just what those policies were and-- more important-- what their consequences were. The prevailing view in many quarters is that the stock market crash of 1929 was a failure of the free market that led to massive unemployment in the 1930s-- and that it was intervention of Roosevelt's New Deal policies that rescued the economy. It is such a good story that it seems a pity...

Islamo Nazism Historic reminder - on this day the Mufti met with Hitler The Infamous Arab Muslim leader, Haj Amin Al Husseini (of "Palestine") who was responsible for inciting for the first large scale massacre of Jews by Arabs in 1929, and the Farhud massacre of the Jews in Iraq in 1941 On November 21, 1941 he meets with Adolph Hitler   The Nazi Connection to Islamic Terrorism:Adolf Hitler and Haj Amin Al-Husseini Grand Mufti Haj Amin al-Hussein, Who was the Grand Mufti, Haj Muhammed Amin al-Husseini? Grand Mufti with Hitler. Grand Mufti with Hitler. Muhammed Amin al-Husseini.http://www.palestinefacts.org/pf_mandate_grand_mufti.php The Mufti...

Barack Obama's chief campaign strategist David Axelrod, once worked for a man who was an identified member of the Communist Party USA, a registered agent of the Soviet Union and a paid disseminator of Soviet black propaganda. This man went on to become a key Chicago political fixer who helped elect communist linked politicians including the late Chicago mayor Harold Washington and former US Senator Carol Moseley Braun. This man knew Barack Obama and was a key member of an organisation which endorsed Barack Obama in his 2004 US Senate race. Barack and Michelle Obama were active members of this...

Wall Street's struggle to recover from this month's devastating drop is coinciding with the anniversary of another dark period for the stock market — the crash of 1929. Wall Street's struggle to recover from this month's devastating drop is coinciding with the anniversary of another dark period for the stock market -- the crash of 1929. The dramatic selling of Oct. 28-29 of that year sparked widespread panic and helped trigger the Great Depression largely because the government, wary of meddling in the economy, failed to take many of the steps the Treasury and Federal Reserve are now using to...

(Lafayette Hill, Pennsylvania – 09/24/08) - Philip J. Berg, Esquire, the Attorney who filed suit against Barack H. Obama challenging Senator Obama’s lack of “qualifications” to serve as President of the United States, announced today that Obama and Democratic National Committee [DNC] filed a Joint Motion to Dismiss on the last day to file a response, for the obvious purpose of delaying Court action in the case of Berg v. Obama, No. 08-cv-04083. Their joint motion indicates a concerted effort to avoid the truth by delaying the judicial process, although legal, by not resolving the issue presented: that is, whether...

The Massacre in Hebron Posted Saturday, August 23, 2008 on IsraCast.com Headline in the newspaper "Baltimore" on the massacre in Hebron The Hebron Massacre refers to the mass murder of 67 Jews on 23 and 24 August 1929 in Hebron, then part of the British Mandate of Palestine, by Arabs incited to violence by false rumors that Jews were massacring Arabs in Jerusalem and seizing control of Muslim Holy Places Related Articles bloodbath at jerusalem yeshiva .audiocontainer { <p> font-size: 11px; color: #996633; text-align: center; padding-top: 3px; padding-bottom: 5px; border-top-width: 1px; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; border-top-color: #CCCCCC;...

"It's been described as the most serious financial crisis since the Great Depression. And it brings with it grave dangers for all American families ... ," said Martin Bashir on "Nightline." "Recession looms .... " On the "Today" show June 20, David Faber referred to "the recession ... these tough economic times." Yet that very day first-quarter GDP was revised upward again to 1 percent. America is not in recession, and who knows -- maybe we'll be less likely to have one if my compatriots would just chill. A recession is defined as two quarters of negative economic growth. We...

The Great Depression was the worst economic slump ever in U.S. history, and one which spread to virtually all of the industrialized world. The depression began in late 1929 and lasted for about a decade. Many factors played a role in bringing about the depression; however, the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 1920's, and the extensive stock market speculation that took place during the latter part that same decade. The maldistribution of wealth in the 1920's existed on many levels. Money was distributed disparately between the rich...

The dollar is taking a pounding. With the US sinking deeper into recession, the greenback recently hit an all-time low against the euro and a 12-year low against the yen. Last week, America's currency fell again - dropping more than 2 per cent in euro terms, to $1.5779. On a trade-weighted basis, the dollar is now south of its late-70s low point and close to its historic nadir of the mid-1990s. The markets sense the US Federal Reserve, having already slashed interest rates by 300 basis points to 2.25 per cent since the credit crunch erupted last summer, will soon...

Central banks on both sides of the Atlantic are actively engaged in discussions about the feasibility of mass purchases of mortgage-backed securities as a possible solution to the credit crisis. Such a move would involve the use of public funds to shore up the market in a key financial instrument and restore confidence by ending the current vicious circle of forced sales, falling prices and weakening balance sheets. -snip-

The Bush administration forecasts a $410 billion federal budget deficit for this year, an indication that, as the US saving rate is approximately zero, the US is not only dependent on foreigners to finance its wars but also dependent on foreigners to finance part of the US government's domestic expenditures. Foreign borrowing is paying US government salaries--perhaps that of the president himself--or funding the expenditures of the various cabinet departments. Financially, the US is not an independent country. A troubled currency and financial system and large budget and trade deficits do not present an attractive face to creditors. Yet Washington...

WASHINGTON (MarketWatch) -- Acting quickly to prevent a run on major global financial firms, the Federal Reserve cut its discount rate by a quarter percentage point to 3.25% and offered to lend money to a longer list of firms than ever before. he extraordinary weekend moves came as J.P. Morgan Chase sealed a deal to buy Bear Stearns Cos. for just $2 a share backed by funds borrowed from the Fed. The Fed board gave its approval to that unique funding arrangement, which guarantees JP Morgan against losses from buying Bear. See full story. The Fed board also approved the...

Hillary Clinton said that if she became president, the federal government would take a more active role in the economy, in an effort to address what she said were the excesses of the market and the Bush administration. She told the New York Times she would put her emphasis on issues like inequality and the role of institutions like government, rather than market forces, in addressing them. She said that economic excesses -- including executive-pay packages she characterized as often "offensive" and "wrong" and a tax code that had become "so far out of whack" in favoring the wealthy --...

ISRAEL - PEACE - SURVIVAL, NOT GENOCIDE! In the beginning...Israel has always faced genocide, from the moment the Islamo Arab fascist leader, the infamous [later on exposed as Hitler's buddy] Mufti Haj Amin Al Husseini has called, incited, led to "kill the Jews" in the 1920s. The Mufti, that prior to inciting to "kill the Yahud [Jews]" & leading massacres such as Hebron 1929 and the Farhud in 1941, has participated in the massacres and genocide of Christians, the Armenian Genocide that is [http://Armenian-Genocide.org], where 1.5 Million Christians were brutally murdered. An ally of the Nazi "Fuhrer": Adolph Hitler,...

ISRAEL VS GOLIATH ARAB MUSLIMS' FASCIST CAMPAIGN OF GENOCIDE - AS SIMPLE AS THAT 1) Israel is ONLY about survival against the Goliath Arab Muslim that wants to eradicate it. 2) There are two causes of the Arab-Israeli conflict. The first is Arab racism, which rejects any presence that isn’t Arab in its neighborhood; the second is Islamic intolerance which leads to the same rejection. http://www.frontpagemag.com/Articles/ReadArticle.asp?ID=7268 3) The big lie as IF the Arabs (that sinvce the 1960s decided to call themselves as) "Palestinians" are "natives" in the holy land the historic land of the Jews, nothing cound be...

European, Asian and Canadian companies are taking advantage of the weaker dollar to buy their U.S. counterparts at a record pace, increasing investment in the United States but also raising fears about a potential loss of jobs and autonomy. "We could be looking at the world's largest tag sale if we continue to see declines in the dollar," said Donald Klepper-Smith, chief economist at DataCore Partners. In the latest large deal aided by a weak dollar, Commerce Bancorp, which is based in Cherry Hill, New Jersey, agreed Tuesday to be acquired by Toronto-Dominion Bank of Canada in a cash-and-shares deal...

Most anybody in the mortgage business will tell you that August was a month that will live in infamy: The market was in turmoil, as doubts about the stability of subprime loans spread to other sectors of the mortgage world. How bad was it? A survey of mortgage brokers suggests that one in three consumers who recently signed purchase contracts canceled in August -- up from just 4 percent three years ago, according to the research firm that conducted the survey for Inside Mortgage Finance, a trade journal. The cancellation rate undoubtedly was fed by two scenarios playing out: Many...

Hebron And Darfur Aug 9, 2007 Yesterday, Hebron marked the 78th anniversary of the 1929 riots and massacre during which 67 Jews were slaughtered and more than 70 injured. ...

HISTORY - Time line [some] Important dates in radical ISLAM VS WORLD 1263 - 1328 The 'Godfather of Islamic Fundamentalism' Who is the True Godfather of Islamic Fundamentalism? His name is Ibn Taymiyyah, or Taq ad-Din Ahmad ibn Taymiyyah, and he lived from 1263 to 1328. His name by birth was Ahmad ibn Abdul-Halim ibn Abdas-Salaam. This individual could be considered as the real godfather of fundamentalism. Maududi borrowed extensively from Taymiyyah's writings. http://www.familysecuritymatters.org/index.php? id=1194248__________________1347 [The Bahmani sultans & genocide on Indians]The Muslim conquests, down to the 16th century, were for the Hindus a pure struggle of life and death....