Nope, you most assuredly do NOT know American / Market history at all. There isn't a shred of evidence, to support your ridiculous claims. The truth is, that '29 was a bubble; just as the latest " tech bubble " was and collapsed. It was almost " saved "; however, Joe Kennedy and his short selling buddies foiled it; slightly. The facts are, that the Market WAS revived and didn't go into a tailspin, until years later. Guess that you never heard of Smoot -Halley and all of the other little government disasters, that were supposed to " fix ": things, but only made things very much worse. Gee, even the invention of the SEC, didn't " catch the crooks ", since FDR made dear old Joe Kennedy the head of it.
Was your father a broker, in '29, or just a greedy gus, who bought on margin, dear ? Just because he weathered THAT particular storm, doesn't mean that he is an " expert ". :-)
Oh really? May I suggest a reader for you to find out for yourself what really was behind this crash and what is in store for us on the next one? Try this reader, The Creature from Jekyll Island 1-800-595-6596. It's alot more of an education than anything you were fed in school.
Was your father a broker, in '29, or just a greedy gus, who bought on margin, dear ? Just because he weathered THAT particular storm, doesn't mean that he is an " expert ". :-)
My father lost all his gold investments in the market crash thanks to commie traitor FDR who had the banks closed down from March 6-9 of 1933 known as the Bank Holiday Act. Everybody's gold was confiscated from the bank and vaults on the weekend. I'm talking about gold, honey. The real lawful money and not the funny money you tote around these days. No, he was not an expert but he was a true American who believed in the American dream. And with not even a high school diploma this man started his own company. I'm proud of my father as his Italian roots were deeply rooted in making money the independant and self-reliant way. You don't make money working for somebody else.