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To: plusone
Your explanations of the crash of 1907 and 1929 are delusionary at best. Demand for a central bank was not a demand of the monied interest but initially the demand of the Populists, Greenbackers and Free Silver Democrats from the West. You have a completely wrong understanding of who wanted the bank. Eastern bankers were united for decades against a National Bank which they knew would limit their power. "Average" people were precisely the ones who had been demanding the bank for over 30 yrs.

If you ever read "The Madness of Crowds" you would clearly see these things (bank runs, etc. ) are not conspiracies (no matter what the communists claim) but a form of collective hysteria. How could a conspiracy produce a craze such as the "Tulip" boom in the Netherlands? Read about it.
96 posted on 04/10/2003 6:47:26 AM PDT by justshutupandtakeit (Saddam's Democrat Guard will stage suicide attacks against Coalition forces)
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To: justshutupandtakeit
Some good points. Keep this in mind. The stock market is a zero sum game. What ever is lost by some investors must be made by others. During the crash of 1929, suppossedly millions of dollars were 'lost'. Not true. What really happened is that millions of dollars changed hands. Since so many tens of thousands of small invstors lost everything, that suggests that only a handful of people actually made money. That handful made a fortune, since they were on the winning side of the bet. That doesn't prove there was an organized cabal of people trying to crash things and get rich, but it does raise the suspicion.
111 posted on 04/10/2003 5:32:14 PM PDT by plusone
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