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Run, don't walk, to your local book purveyor for a copy of The Forgotten Man, by Amity Shlaes.
"Run, don't walk, to your local book purveyor for a copy of The Forgotten Man, by Amity Shlaes."
And then run even faster the other way.
that book was as dry as toast...I prefer Devil take the Hindmost: The History of Finacial Specualtion by Edward Chancellor
That book is seriously good for a
real understanding of that period of
To get a solid "feel" for that period, I highly recommend Studs Terkel's "Hard Times". An oral history compiled in 1970 when many or the players and victims were still alive. A damn fine read with some intersting perspectives on Goldman Sucks and JP Morgan.
and Roth's "Depression Diary:"
and for serious readers, Milton Friedman and Anna Schwartz (kinda the basis of his Nobel).
well its already painful for Harrisburg PA debt holders -
I prefer people who don't read books at at all.
BOOKS are sooooo Old-Timey.
Can't you people find what you need to know online?
WHY do you WASTE you time reading BOOKS????
They're not electronic.
And they say "you're" instead of "your", correctly.
you and Kathy should hook up. - Ned
never thought about that, mode.
your = your're = you are. right?
books are hard for some, to just sit down and read in/on a chair. i try. i like picture books, art books. clouds, artists are up in the clouds, with pictures.
Picture books are so benign and callous. Color by numbers is where the REAL action is at!
Can we possibly use this opportunity to advance a potential standardized (albeit atavistic) Internet grammar virus?:
Your = You're = Yore (wtf, it could be used on some of those re-enactment parts of the web) => new standard: Yor
There = Their = They're (personally, this one drives me crazy for so many reasons...but I digress) => new standard: Ther
Fuck it. At the very least, it will drive the grammar nazis mad. And make drunk typing waaaaaaay eazier.
And they put the commas correctly inside the quotation marks. :-|
While I am NOT suggesting anyone discount your reading suggestion, I would like to point out the abject ignorance among all these self-styled economics scholars (especially those with a concentration on the Great Crash & Great Depression era).
First, they almost always ignore Prohibition (1920-1933), which had two colossal, gargantuan effects at that time:
(1) A massive tax cut, as taxes no longer could be collected on something which it was illegal to sell (alcoholic beverages); and,
(2) Where was all the illegal, and incredible sized monies laundered?
Why, the stock exchanges, naturally.
(They also seem uniformly ignorant of a process today called "securitization" -- but was at that time practised under different names, but effectively the same process.)
We are observing parallel processes today: massive tax cuts for the super-rich, funded by borrowed monies from foreign countries; securitization run wild, of course, and the sudden and dramatic growth of hedge funds, beginning in 2002. (Now where do you suppose that growth originated? 2002?)
and Joe Kennedy was trans-shipping scotch whiskey over horseneck beach, then he became the first chairman of the SEC.
Sheila, you have such great progenators in yoiur past--keep up the good work.
Let us not forget that Prohibition lasted from 1920 to 1933, and that three processes ended in 1933:
(2) Extreme tax cuts resulting from untaxed liquor, and
(3) Unregulated dark pools laundered through the stock exchange.
dunkin' do....nuts, bitches†
Personal fav right here:
I HAVE A PLAN TO FIX THIS!!
we should kill a Austrian Prince and blame a group of people associated with most bankers.
we can't do it ourselves... maybe we should let it look like a assassination?
After that, we pick a fight with the Germans!
They also have money!
And when we win, we let them pay for it all and TAKE ALL THEIR GOLD!!!
I could work...
and if not, we can try again a few years later!
WHO'S WITH ME!!
Some demented Serb.........
Let's pretend we do all that cool stuff, but take the gold for real...
I agree in principle, but let's assasinate a Mongolian goat herder, we blame it on the Chineese and pretend to defent democracy in Mongolia by invading it, than we stage a border crossing by a few Chineese soldiers into Mongolia and start a fight with the Chineese, after we win we take all their Rare Earths and null our debt with them
Tibet. They want to be free. Lets free a people that actually want to be free.
Good one !
You idealist. No economic benefit in freeing Tibet.
I agree that it has to be the "Chineese" that we villify. They have the most valuable resources. They've been stockpiling raw materials, have vast natural resources, and let's not forget...they own a ton of US debt. But what could be the spark? Anyone see the home page blurb on MSNBS a few days ago about a Chinese satellite capable of taking out other orbiting satellites? The US could discontinue transmission from one or more major communication satellites and blame the Chinese for it. A direct threat to the infrastructure of the US and a threat to our "freedom". It's the modern day equivilant of sinking a passenger ship and much harder to prove/disprove. We're so dependent on electronic communication that the gullable US public would be demanding someone's butt! Bonus...they could wipe out the Zero Hedge satellite and spread their propaganda just like in the good 'ole days!!! Any comments?
Not to mention all the Capital equipment and technology that has flowed there funded by Western Corporations....probably dwarfs the amount of USTs.
who do you think you are, the british empire??
And by that of course, you mean The German Black Nobility
After that, we pick a fight with the Germans!They also have money!And when we win, we let them pay for it all and TAKE ALL THEIR GOLD!!!
You won't win. We'll drop Iraqi Dinar all over the States and let you pay reparations in Chinese Yuan by 2099.
Let's do Panama instead. They got plenty of mucho fine weed.
There's way better weed grown right here in good old Colorado. California too.It's legal for medical purposes, and for a 200 dollar fee, you can buy the best weed on the earth from any number of stores.
Pretty soon, it'll all be legal for anybody over 21.
Yet another point I agree with JB on. Excellent. And that is another lurch to freedom and liberty to do as we want.
Still going to buy Gold though. 5000 years and all that.
Even a superstar Johnny Bravo might want to concede that one (as a wealth preserver).
Do you live in Colorado? Or do you just agree that the weed is good here? Or that it shall be legal soon?
About the gold... weed is worth more than gold. It's a lot more liquid, anyway.
No, I live in SE USA.
Because of my cantankerous conservative/libertarian nature, I want it ALL! Re Liberty and Freedom.
Gold? That is my way to insure that my 24 year old daughter comes out of whatever happens OK.
I personally believe that after looking at somebody who is drunk side by side with somebody who is high, there's no contest! People have to make the weed legal.
I actually came back to this site because I found this article, and thought it may be of interest to you. http://www.safehaven.com/article/18047/sp500-and-gold-at-crucial-pivot-points
You have a 24 year old daughter? Yowsa! Of course, I only say that because that's close to my age!
Nice article. You gotta respect a guy who is the self proclaimed oil and gold expert, and makes a .ico of his face for his web address bar.
Our daughter has her boyfriend, an electrical engineer working with Eaton. And, flash news, my niece (her cousin) announced her engagement to a rich NYC youngster...!
She has a job as a paralegal with bankruptcy lawyers! Secure job, LOTS of overtime...
Re stoned vs. drunk, well yes I agree. But the laws BAN the weed, que pena... That may change, as you point out. Shi'ite! They make weed easy to get, and I am a goner...!
Course, like Freewheeling Frankling said in the 1970s:
"Drinking and getting stoned is like pissing into the wind." I never got clarification on to whether that was good or no. Worked out well enough when I was in college...
Best of luck to you, Sr. VP at JPM trying to screw me re gold! :)
You're too late:
1. US Millitary sinks S Korean patrol boat.
2. S K blames N K
3. N K & S K start throwing rocks at each other across the DMZ
4. China "Backs Up" N K(as US M is already in S K), more rock throwing ensues
5. US declares China "Enemy"
6. China assets (T/MBS/ASB Bonds) seized.
7. Trade stops and unemployment/trade deficts "Fixed"
No One hurt(except the poor sailors-"they were expendable"),
Didn't that already happen? Think they called it WWI...
What happened to blaming the Jews? It always worked in the past.
Israel has nuke's-and Divine providence..? They are and have been the center of world attention since I can remember (and I'm old) . Why is this little country the center of so much controversy and attention? Why do they matter?? I know and think all will in time...standby...
Oh, I know, I know too . . . wonder if we are thinking the same thing?
A fine plan, SD, but it will not be popular with the Austrian Prince crowd. Or the anti-war crowd. Or the bankster crowd. Or the Bilterbergers. Or the Tripartite Commission. Or the UN or the International War Crimes Tribunal.
Wait a minute, this plan just keeps getting better and better. :-)
just in credible and I are playing golf. he is a chemical engineer working schumberger in WY. and really likes atlas strugged ayn Rand. well he is only 22 years young. I am wising him up the back nine
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