Free Republic

Traditional presidential polls give Calvin Coolidge a low ranking. One reason for this is that he is often blamed for egging on the already boisterous stock market of the late 1920s, especially toward the end of his presidency. Particularly disparaging is John Kenneth Galbraith’s account that Coolidge said in 1929 that prosperity was “absolutely sound” and that equities were “cheap at current prices.” This assertion is said to have stoked market fires so that stocks continued heavenward during the first half-year of Herbert Hoover’s presidency. The crash, when it came, was therefore all the more violent. Parts of this older...

Yesterday, my colleague, Marty Biancuzzo, explained why America is on a path to inevitable economic and government collapse. After reading Marty’s piece, another colleague asked me: What will America look like after a government collapse? It’s an important question, and I want to give a satisfactory answer. But I can’t do that in one short column, so I plan to return to this topic several times over the next few weeks. I hope that when I’m done, you will have a better understanding of where the country is headed. Now, consider our current situation… It’s clear that Barack Obama and...

A few things you won't hear about from the saturation coverage of the Newtown school massacre: •Mass shootings are no more common than they have been in past decades, despite the impression given by the media. •In fact, the high point for mass killings in the U.S. was 1929, according to criminologist Grant Duwe of the Minnesota Department of Corrections.

Rabbi Sholom Ber Goldshmid, the last remaining member of the of the Chabad community to survive the Hebron Massacre of 1929, passed away November 10. He was 86 years old. Born March 28, 1925 in the city of Lahojsk, Belarus, a shtetl near the city of Minsk, Sholom Ber was raised in a home imbued with spirit of the Chabad Chasidic tradition. In 1927, his father, Rabbi Moshe Goldshmid, a ritual slaughterer or shochet, was sent by the Previous Lubavitcher Rebbe, Rabbi Yosef Yitzchak Schneersohn, to Hebron, Israel. There, in addition to working as a shochet, Rabbi Moshe would serve...

LAS VEGAS (CBS Las Vegas) — One man was arrested after attempting to change his travel plans midflight — by leaving the plane through an emergency exit. Richard Joel Garber, 60, of Atlanta, Ga., was seated on board Delta Airlines Flight 1702 on Oct. 23 when he tried to open one of the cabin doors after the plane had reached cruising altitude, which for commercial flights can be anywhere above 30,000 feet. “Mr. Garber attempted to open the emergency exit door over the wing while the aircraft was in flight,” FBI Special Agent Patrick Turner told CBS Las Vegas. ”(He)...

As the world is subjected to a hail of propaganda from Arabs regarding the 1948 “disaster” inflicted upon them by the creation of the state of Israel, Arab press watchdog MEMRI has released a video that places the Arab claims in perspective. In the video, a 92-year-old Arab woman, originally from Hevron, glowingly recalls on Hamas-Gaza TV how the Arabs of Hevron, including her father, without provocation, massacred the peaceful Jewish neighbors they had lived beside for years in 1929 – almost 20 years before the 1948 War of Independence. Needless to say, there was no State of Israel then,...

Some Milestones in Israel-Palestine1834 - 1886 - 1920 - 1922 - 1929 - 1938 - 1941 - 1948 - 1950s-1960s - 1970 1972 - 1973 - 1975 - 1976 - 1982 - 1987 - 1994 - 2000 - 2001 - 2005 - 2006 - 2007 - 2008 - 2010 1834 First recorded attack on native Jews in Israel by Muslims, is the one in June 1834, Safed (the Plunder), the massacres and mass rapes went on for 33 days, (an inciter, Muhammed Damoor, a self-proclaimed prophet, ‘prophesied’ the attack for which he agitated). It was repeated in 1838. 1886 First...

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...