Flashback:
“The revelation of the Federal Reserve Board’s final decision to trigger the Crash of 1929 appears, amazingly enough, in the New York Times. On April 20, 1929, the Times headlined:
Federal Advisory Council Mystery Meeting in Washington
Resolutions were adopted by the council and transmitted to the board, but their purpose was closely guarded. An atmosphere of deep mystery was thrown about the proceedings both by the board and the council. Every effort was made to guard the proceedings of this extraordinary session. Evasive replies were given to newspaper correspondents.
Only the innermost council of “The London Connection” knew that it had been decided at this “mystery meeting” to bring down the curtain on the greatest speculative boom in American history. Those in the know began to sell off all speculative stocks and put their money in government bonds. Those who were not privy to this secret information, and they included some of the wealthiest men in America, continued to hold their speculative stocks and lost everything they had.”
http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Article=SecretsCh12
Same scam, different century.
And HELL YES it caused a Panic!