QUOTE OF THE DAY

“Everything was not fine that spring with the American economy. It was showing ominous signs of trouble. Steel production was declining. The construction industry was sluggish. Car sales dropped. Customers were getting harder to find. And because of easy credit, many people were deeply in debt. Large sections of the population were poor and getting poorer…

It was this nature of mass illusion. Prices were going up, people bought. That forced prices up further, that brought in more people. And eventually, the process becomes self-perpetuating. Every increase brings in more people convinced of their God-given right to get rich.

At the end of 1929, as they celebrated New Year’s Eve, all that lay in the future. Nobody knew that the Great Depression was coming — unemployment, bread lines, bank failures — this was unimaginable. But the bubble had burst. Gone was that innocent optimism, the confidence, the illusion of wealth without work. One era had ended. They toasted the coming of the 30s, but somewhere, deep down, they knew the party was over.”

PBS American Experience, The Great Crash of 1929

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2 Comments
Lager
Lager
May 23, 2019 8:05 am

American Experience is usually pretty interesting historical content. I’ll view it, occasionally.

The quote above sure has some eerily similar storm clouds gathering here in 2019.

I used to like Frontline on PBS, until I learned to spot how biased they can be,
especially with any story about D.C. politics.
Most funding comes from foundations, (((a few))) with an agenda / narrative, almost certainly.

Frontline’s 2-part expose on Money and Power on Wall Street in 2012 offered some insights.
But, there’s probably some lies in this one, too.

https://www.youtube.com/watch?v=HVFB1CPlTyE

Saxons Wrath
Saxons Wrath
May 23, 2019 6:29 pm

I actually got excited to read this, until I saw it was 1929, nor 2019. But what’s 90 years in the bigger picture?? The shadows and struggles of this ongoing 4th turning are getting stronger and more self evident. Be prepared for what’s coming.