A Wall Street History of Looting and Plundering the Nation
A common denominator running thru all of these financial upheavals is the unregulated greed and shady dealings of Wall Street, never at a loss to invent newer and more seductive games of "Three Card Monte." Until the marks start catching on, then its time to take the money and run...... till the next game of grift is up and running.
And the Bank of England, which was and still is controlled by the Rothschilds, deliberately squeezing the money supply to the U.S. to help create these "panics."
Another common denominator is the use of the word "PANIC." When you hear panic, what do you think? Run to a safe place, maybe, like your local bank?
The Panic of 1857
The immediate event that touched off the panic was the failure on August 24 of the New York City branch of the Ohio Life Insurance and Trust Co., a major financial force that collapsed following widespread embezzlement. In the wake of this event, a series of other setbacks shook the public's confidence, which included the collapse of land speculation programs that depended on new rail routes, ruining thousands of investors
Out of control speculation helped tank the economy in 1857, which was brought back to life by the Civil War. Just like the Great Depression was finally banished with the outbreak of WWII and the United States entry into that conflict.
Yep, these Wall Street gangsters and war profiteers know what they're doing.
The Panic of 1873
The Panic of 1873 was the start of the Long Depression, a severe nationwide economic depression in the United States that lasted until 1879. It was precipitated by the bankruptcy of the Philadelphia banking firm Jay Cooke on September 18, 1873.
The New York Stock Exchange closed for ten days starting September 20. Of the country's 364 railroads, 89 went bankrupt. A total of 18,000 businesses failed between 1873 and 1875. Unemployment reached 14% by 1876, during a time which became known as the Long Depression. Construction work lagged, wages were cut, real estate values fell and corporate profits vanished.
Unregulated growth on Wall Street, sound familiar? In 1873 it was railroads that failed, in 2008 banks.
A scam in 1873 that was such a good way to fleece the public, it was repeated in 1893--with slight variations, of course. Gotta keep the marks attention on the two-headed dog while your confederate picks their pockets.
The Panic of 1893
The Panic of 1893 was a serious economic depression in the United States that began in 1893. This panic was an extension of the Panic of 1873, and like that earlier crash, was caused by railroad overbuilding and shaky railroad financing which set off a series of bank failures. Compounding market overbuilding and a railroad bubble was a run on the gold supply and a policy of using both gold and silver metals as a peg for the US Dollar value. The Panic of 1893 was the worst economic crisis to hit the nation in its history to that point. To put this event in context, the period of economic crises known as the Long Depression (1873-1896) was worse than the Great Depression of the 1930s
The 1880s had seen a period of remarkable economic expansion in the United States. In time, the expansion became driven by speculation, much like the "tech bubble" of the late 1990s, except that the preferred industry was railroads. And the tech bubble led to the real estate bubble, which helped fuel the really nasty bubble that's going to explode like a nuclear bomb, the derivatives bubble.
A derivatives bubble that was engineered by current Treasury Secretary Paulson when he was head of Goldman Sachs, the same bank that is now poised to rake in hundreds of billions of dollars of OUR money.
The greatest mistake was made in 2004, the year that Reagan died. That year the current Secretary of the Treasury, Henry M. Paulson Jr, was head of the investment bank Goldman Sachs. In the spring of 2004, the investment banks, led by Paulson, met with the Securities and Exchange Commission. At this meeting with the New Deal regulatory agency tasked with regulating the US financial system, Paulson convinced the SEC Commissioners to exempt the investment banks from maintaining reserves to cover losses on investments. The exemption granted by the SEC allowed the investment banks to leverage financial instruments beyond any bounds of prudence.
A rigged, high stakes game of craps, with the dice loaded so that they always come up 7.... for Wall Street Bankers.
The Panic of 1907
The Panic of 1907, also known as the 1907 Bankers' Panic, was a financial crisis that occurred in the United States when the stock market fell close to 50% in January from its peak in the previous year. At the time, the economy was in a recession and there were numerous runs on banks and trust companies. The panic's primary cause was a retraction of liquidity by a number of banks in New York City that quickly spread across the nation, leading to the closures of both state and local banks and businesses.
A panic engineered by JP Morgan and Lord Rothschild, to break down the Anti-Trust laws. Bankers and regulations don't go well together, it seems.
Aided and abetted by Nelson Aldrich, who later helped create the Federal Reserve and who's daughter married into the Rockefeller family while his son Winthrop became chairman of the Rockefeller bank, Chase National.
Back then, banker Jacob Shiff was threatening Americans to get behind a central bank or else face a long depression. Just like Bernanke of the Fed has been threatening Americans to get behind the banker bailout act... or else.
Here's how the Federal Reserve organization was described:
Forbes magazine founder B. C. Forbes wrote several years later in a a story in the New York Times: