All signs actually do point to a repeat of the Great Depression very soon. History repeats folks.
InvestmentWatchBlog.com
March 26th, 2015
In October 1929 as we all know the markets crashed in a truly historic way. But what lead up to the Great depression? the events that lead up to it are VERY MUCH like the events unfolding around all of us right now.
One major difference is how the world has gotten smaller and nations rely on each other more than ever before.
– March 1929, Mini market crash.
– March 1929, Nation Bank approves $25 millionin credit to stop mini crash
– Stocks grow again. Stocks had been on a 9 year run (roaring 20’s!!)
– June – Sept 1929, Dow gains more than 20%!! and by July was at AN ALL TIME HIGH!
– By Mid-Sept 1929, after only 3 negative Dow days, financial expert Roger Babson makes the statement that the crash is coming. Three days later the London Markets crashed.
– a month later, Oct 24, 1929 Dow lost 11% at the opening bell.
– Days later, Black Monday lost 13%, and Black Tuesday lost 12%.
– On October 30 (Wednesday) the Dow GAINED back 12%.
– Following the Oct 30th rally, the makets steadily declined for YEARS. They did not get back to Sept 1929 levels until Nov 1954.
We are sitting right now at record highs. We keep topping them, all the while economists are warning that it’s all about to end very badly, just like Roger Babson did. We prop up the economy with quantitative easing, and offer too much credit to anyone looking for some. Countries that are TRILLIONS in debt are bailing other countries out of financial collapse, only so that cancer doesn’t spread to them next. WHAT THE FUCK ARE THEY ACTUALLY BAILING THESE COUNTRIES OUT WITH?????
I believe it can only be hidden, covered up, and propped up for so long before it all comes tumbling down.
The Rest…HERE
