125 Years Ago... Or Today?

Tyler Durden's picture

Ripped from the pages of the Wall Street Journal in July 1889 - it's never different this time...

 

 

How The Wall Street Journal of 2014 might have covered the news of July 8, 1889 (Source: WSJ)

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NYPoke's picture

Ah, the Land Rush of 1889.  We still owned the land, into the late 1970's.  When my Great Grandpa died, we finally sold the land.

 

That land could be farmed, but it wasn't high quality.  You couldn't fit in nearly as many people as back East.  The land eventually consolidated into larger farms.  Just not enough productivity to have families that close.  Politicians oversold it.  Shocker.

Mitch Comestein's picture

Ok, the QE thing is interested, but it is no parallel.  Notice the buyer!!!!!!!!!!!!!!!!!  The US treasury was the buyer.  They were retiring bonds.  Hint: THAT IS GOOD FOR A COUNTRY.  Also, the note on fiat money.  They are sticking to the gold standard.  THAT IS GOOD.  2014 is no 1889.  Not by a long shot.  

 

More on the treasury buying bond.  I don't have statistics, but I have read that there was hardly a treasury market by the 1930s because there was not much outstanding.  The gov didn't need funding.

NOTaREALmerican's picture

Re:  The gov didn't need funding.

That's why people were so deprived then.   Now, we've got Big-Ag, Big-MIC, Big-Road, Big-Water, Big-Airport, Big-Energy, Big-Ed, Big-House, Big-Fin, Big-OldFart, Big-OldFartHealthcare, Big-AntiDrug, & Big-PoliceState – and (now) Big-Space.

Without gov funding, who would pay for all our really cool bling (and OldFarts).

GrinandBearit's picture

Didn't those men get hot as hell wearing those long dark clothes and hats in July?

Uchtdorf's picture

That was before Global Warming. (sarc)

the grateful unemployed's picture

i was jumping up and down yelling at my television last night, the meterologist is some surfer dude in a hawaiian shirt, and he mentioned (just anecdotally mind you) that while it has been a bit warmer on average at the daytime highs, the nightime lows have been quite a bit higher. i've been noticing this trend, winter and summer, its like the fed is backstopping the weather. oh oh there goes my tinfoil hat

Dublinmick's picture

How this subject is obscured in most forms of media gives us an idea of how serious the subject really is.

Just because Algore was an idiot does not negate obvious global warming and more precisely climate change. Yes Al and his mob do want a carbon tax which can do absolutely nothing to stop it. Man made warming is only about 1% of the problem. The entire universe is heating up and that includes the core of the earth. You may see at times ice buildup up on the poles however the ocean is becoming warmer and eating away the ice pack from down below. It is more obvious in the Arctic but happening in Antarctica also as glaciers feed into the sea miles under the ocean. That is why we have rising sea levels. And yes they are rising, Norfolk Virginia is close to collapse as high tides now cover the roads, same in south Florida.

In fact many scientists conclude the nuclear testing around the world has caused further cracks in the earth mantle allowing lava to move closer to the surface on land and under the oceans which is accelerating the heating of the planet.

http://www.spacedaily.com/reports/Thawing_Permafrost_The_speed_of_coasta...
Watch out for the zombies, most of them think nothing is happening

http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flas...
 
http://thiscantbehappening.net/node/2117
 
http://phys.org/news/2013-08-earth-mantle-contributes-greenland-ice.html

http://phys.org/tags/antarctic+ice+sheets/

http://www.wakingtimes.com/2012/04/10/solar-maximum-ramps-up-earth-catac...

It came from beneath the sea!
http://www.motherjones.com/blue-marble/2012/04/antarctic-ice-melting-bel...
 
The results are based on 4.5 million measurements made by a laser instrument mounted on NASA’s now defunct ICESat satellite between 2003 and 2008, which mapped the thickness of most floating ice shelves around Antarctica. The results:

    •    Of 54 ice shelves mapped, 20 are being melted by warm ocean currents, most of those in West Antarctica.
    •    In all cases the inland glaciers that flow down to the coast and feed into these thinning ice shelves have accelerated, draining more ice into the sea and contributing to sea-level rise.

Miami Going Under The Waves And Nobody Will Offer A Reason

http://www.miamiherald.com/2013/10/17/3695685/rain-or-no-rain-beachfront...

Core samples, tide gauge readings, and, most recently, satellite measurements tell us that over the past century, the Global Mean Sea Level (GMSL) has risen by 4 to 8 inches (10 to 20 centimeters). However, the annual rate of rise over the past 20 years has been 0.13 inches (3.2 millimeters) a year, roughly twice the average speed of the preceding 80 years.

http://ocean.nationalgeographic.com/ocean/critical-issues-sea-level-rise/

http://www.odu.edu//research/initiatives/ccslri#sthash.UAumoVKW.dpuf http://www.odu.edu//research/initiatives/

ccslri Climate Change, Climate Change, Video, Climate Change Norfolk Va, Global Sea Level,Norfolk, Norfolk Va, Norfolk Va Sea Level, Norfolk Virginia Climate Change, Norfolk Virginia Sea Level, Norfolk Virginia Sea Level Rise, Norfolk-Virginia, Sea Level Rise,Green News

Sea level has already risen about 8 inches along Florida’s coast and is having profound effects, according to the letter. “Because Florida is so densely populated,” the letter states, “it is estimated 40 percent of the population and housing units at risk from sea level rise in the nation are here, in the state of Florida.”

http://www.ucsusa.org/news/press_release/florida-sea-level-rise-letter-0...
 
http://articles.sun-sentinel.com/2013-06-20/news/fl-sea-level-florida-20...
 
http://www.alaskadispatch.com/article/russia-seeks-draw-lines-melting-ar...
 
Mass methane release appears to be picking up speed by the day in the Arctic as well as countless other locations around the globe.
Dane Wigington?geoengineeringwatch.org

The atmospheric methane graphic below, released yesterday, should be a stark wake up call for any that understand the ramifications.
 
http://www.geoengineeringwatch.org/mass-methane-release-accelerating/
 
There should be enough information here a child could understand.

Russia is not building up forces in the arctic because it is more difficult to reach, far from it, the ice is melting and they wish to be in a position to exploit the almost unlimited minerals of the area. The shipping lanes are also enlarging where passage is possible almost year round.

It would be much warmer now if not for the core of the earth heating up. The unprecedented level of volcanos going off lately emit debri into the atmosphere which acts as a cooling agent. That in effect could cause a mini ice age. It is more complicated than people realize. They claim Yellowstone could throw out enough to blacken the skies over a large part of America. But there are many super volcanos which could do the same. Laach See in Germany, the Plegian Fields in Italy, Popo in Mexico, Rainier etc.
The ice age and giving the lie to Algore that so many want could be a possibility.

Are you saying the Germans and Russians are in on it also?
AWI geographer Frank Gunther, who investigates the causes of the coastal breakdown in Eastern Siberia together with German and Russian colleagues, and who has published his findings in two scientific articles.

In these studies, he and his team evaluated high resolution air and satellite photos from 1951 to 2012 as well as measurements of the past four years. In addition, the researchers surveyed four coastal sections along the Laptev Sea (see map) and on the island of Muostakh.

http://www.spacedaily.com/reports/Thawing_Permafrost_The_speed_of_coasta...

I am saying the ocean rising and threatening Florida, Norfolk Virgina and many other places. I am not seeing any explanation for that here. All I see yammering and bullshit and comments that do not address the issue and try to dodge what most people can see with their own eyes.

http://www.businessinsider.com/islands-threatened-by-climate-change-2012...
 
102, 697 people relocated off Kiribati due to ..... you guessed it, rising oceans that are covering the island.
 
The Maldives 325,00 leaving. This is not that hard Bocephus
The Miami spring tide that floods streets which used to be secure is getting worse and worse every year whether it rains or not.Poor Moses had to grab a bug out bag.

http://thinkprogress.org/climate/2013/10/20/2806631/miami-herald-floodin...

With the numerous and extraordinary astrological events taking place in April, the oft-predicted destiny of HUGE Earth changes can no longer be denied. It is now a matter of when , not if. The simple physics that undergird the political, economic and social spheres of life now dictate that real planetary transformation is on the way.

http://cosmicconvergence.org/?p=13

Surely the spate of earthquakes and volcanoes has reflected the renewed will of Mother Earth to start rocking’ and rollin’. There has never been such a concentration of major earthquakes as we have already seen this year. The Ring of Fire in particular has awakened from its slumber. And there is every indication, according numerous volcanologists and seismologists around the world, that such seismic and volcanic activity will only intensify.

As the current Solar Maximum continues to unfold, such earth movements are all but guaranteed. Unfortunately, few within the scientific establishment have acknowledged the true correlations between solar activity and cataclysmic earth movements. Perhaps 2014 will remove all remaining doubt as the anticipated earth cataclysms begin in earnest. Simply put, Mother Earth will be heard, and not just paid lip service as is so often done on the annual April 22nd EARTH DAY.

Regardless of what the immediate future holds in store for the world, April 2014 is set to release a variety of astrological triggers having far-reaching ramifications and great consequences. Even an armchair astrologer can plainly see the celestial setup which will generate corresponding events everywhere across the planet, not just throughout the entire Middle East, the Ukraine, Venezuela, Brazil, Argentina, Thailand, Myanmar, the Central African Republic, Sudan, Libya, Chad, etc., which we see on the evening news.
Of course, the Global Economic and Financial Control Matrix is especially vulnerable to the predicted calamities throughout that and other interconnected realms. This is where the raw financial and economics physics graphically illustrate fast approaching breaking points. The blatant suppression of the price of gold is a stark example of where the market controllers can no longer maintain the false illusion of order. All the forces of the marketplace

— both real and artificially fabricated — are now working at cross purposes with such intensity that “the man behind the curtain” will be exposed once and for all."

Of course their global climate convention will propose more drastic controls, cap and trade, carbon tax etc. That is the game. Down deep they love climate change and realize there is nothing they can do about it. However like I said earlier, it doesn't mean climate change is not happening. It only takes the ability to read to see this.
If they were serious about it, cars made in Germany that get 200 MPG would be sold in America. They cannot however so how serious are they really? No they are only serious about control.

None of this however explains why islanders are having to move due to rising oceans. This is not political, arbitrary or debateable. The water is washing over their feet.
There is a certain percentage that will deny anything if it affects their portfolio, perception of political reality or the programmed neuron pathways that were developed in grammar school. I am becoming convinced that if Algore stated crack and meth were not good for you, a certain amount of Americans and posters here woiuld immediately begin smoking it.

https://feww.wordpress.com/
http://www.desdemonadespair.net/2014/06/poll-shows-70-percent-of-austral...
http://www.desdemonadespair.net/2014/06/friends-of-science-with-friends-...

But then, these “friends” of science are flat-out refusniks when it comes to global warming science; they deny the Earth is warming, they deny modern temperatures are spiking upward, they deny carbon dioxide is the main driver of global warming, they deny sea level rise is a problem, they deny deny deny. Perusing their website is fascinating; it could be used as a wiki set up specifically to collect all the ridiculous long-debunked anti-science denial claptrap in one place. I mean, c’mon, they even promote Christopher Monckton with a straight face!

None of this is terribly surprising, though, seeing as how they’re funded by—can you guess? Can you?—the fossil fuel industry.

http://www.desdemonadespair.net/2014/06/on-north-carolinas-outer-banks-d...

North Carolina's outer banks beaten eaten away by rising seas and climate change. So much so the state has banned talking about it

http://www.desdemonadespair.net/2014/06/drought-threatens-grazing-on-us-...

154 million acres of grazing land threatened by drought on the Snake River Plain.

http://www.desdemonadespair.net/2014/06/parched-new-dust-bowl-forms-in.html

The Oklahoma dust bowl. Inhofe says climate change is not real, so the dust bowl may not be real either.

http://www.desdemonadespair.net/2014/06/fewer-polar-bear-cubs-are-being-...

Ny-Ålesund, Svalbard (theguardian.com) – The proportion of polar bear females around the Arctic islands of Svalbard who gave birth to cubs crashed to just 10% in 2014, according to a small scientific survey of the animals. It follows a series of warm years and poor sea ice.

The Barents Sea population of a few thousand polar bears is one of the biggest in the world. But global warming is rapidly reducing the extent of sea ice on which the bears hunt seals, their main food.

WmMcK's picture

Now I have Repeated Scrolling Syndrome.  How about just a few links plus a little less text per post?

Dublinmick's picture

1. Global cooling is making the ocean rise?

2. Global warming is making the ocean rise?

I.Q. test

lakecity55's picture

Geez, just write a book, dummy.

TheAnswerIs42's picture

9th International Conference on Climate Change

Real time streaming now.

10:00 AM PDT – PANEL 3: Combating Climate Myths with Science and Facts

Tom Harris, James M. Taylor, and Anthony Watts

silentboom's picture

Bullocks.  Can i say that even if I'm not British?

Surging Chaos's picture

I don't think they cared too much about getting hot.

...maybe.

lakecity55's picture

Since they did not have deodorant, who cared?

Like most of the world. A walk done the street in Bangalore is an olfactory adventure.

alfred b.'s picture

 

       125 yrs ago!....it's when they were setting us up for the Federal Reserve:  a little agitation here, a little crisis there until at some point a wisecracker-bankster says: 'we got to do something'!!

 

Rodders75's picture

 

This is all v interesting but the market had to wait another 4 years (1893) before it crashed. http://en.wikipedia.org/wiki/Panic_of_1893

 

So get ready for a crash in 2018 bitchez?

financialrealist's picture

No this time is very different.  QE?  They were not creating money, they were buying bonds with excess revenues to reduce debt, which was common practice and actually is good financial stewardship.  This time is very different, and the one thing NO ONE has ever seen or witnessed in these history pages is the systemic risk of the integrated global economy and capital market system.  We got a small glimpse in 2008/2009, but nothing can be compared nor does anyone really understand what lurks beneath the surface for when this global debt bomb goes off.  THIS TIME IS DIFFERENT

p00k1e's picture

What color codes were used for the Terror Alerts back then? 

NewAmericaNow's picture

Red for the indian attacks.

the grateful unemployed's picture

the anti-defamation league will have your cracker ass for that remark

WmMcK's picture

That's with (hand-held) tomahawks, not turbans, of course.

paint it red call it hell's picture

"it's never different this time..."

 

No truer words ever written.

orangegeek's picture

Some perspective.  Nice.

 

Not everything is the same. 

 

For instance, porn is much better in 2014 than the 1800s.

ReactionToClosedMinds's picture

"Commercial paper dealer Goldman Sachs & Co. seeks to joins NYSE ......." ....near end of What's News on left column side ....surprisingly unhighlighted by ZH

Now we know when the beginning of the end started  ...July 1889

 

observiate's picture

dear Mr. Durden,

Thank you for approving my account.  I am excited to now be a part of the zerohedge commentariat.  i only hope my comments live up the pithiness, wryness, and acerbicity that is so well venerated here on this hallowed forum.

sincerely, observiate

Dr. Engali's picture

Welcome to fight club. If this is your first night at fight club you have to fight..... bitch!

SILVERGEDDON's picture

Observiate - enough ball sucking, albeit conducted in eloquent verbiage from the anals of Webster, or, the "It pays to Increase your Word Power" Readers Digest back pages.

You could have at least thrown in the odd "fuck", or, at least an "asshole" to spice things up a bit, and appeal to a broader demographic fan base.

Fucking kids these days, gotta teach 'em everything.

Lock and load, motherfucker. 

SILVERGEDDON's picture

Observe.

Deviate.

Sure you didn't mean to use Deviant instead of Deviate for the tail end of your name ?

Catchier, with that "je ne sais qua" that is so popular these days.................. 

the grateful unemployed's picture

is that great grandma Yellen in the middle? next to great Aunt Hillary, who managed to avoid a margin call in cattle futures once upon a time. hey its all history, and its all good.

smacker's picture

125 years ago publishers understood the need to format stuff in "newspaper column" format (narrow columns) so it's easy on the eye to read and to go on to the next line.

And yet 125 years later, here we are, and the vast majority of e-mails I get from corporate people are formatted to go right off the screen so I have to scroll over to read them. CR/LF are apparently unknown in IT departments. I invariably give up and trash them.

edifice's picture

So is punctuation. I get emails like this, constantly:

"hey can you look into this for me it is very important we get the project rolling asap thanks."

BeetleBailey's picture

Next time in front of the culprits that do that - first chance you get  - slap their dumb phones out of their hands - hard - when they gaze down at them zombie-like while talking to you.

Gets...the motherfuckers attention........

I crack my friends hands all the time.....pisses em off....but hey...fuck 'em.

I always excuse myself/ignore the call/text........always

Paraphrasing Dennis Miller;

NEVER HAS A GENERATION SO INSIGNIFICANT HAD THEIR LIVES CHRONICLED SO ASSIDOUSLY

edifice's picture

I do this when I'm out on a date or out with friends. If the person spends the whole time on their phone, I just ask for the check and leave. They are usually flabbergasted and ask where I'm going. I reply, "You're not here to talk to me, so I'm out."

Don't have time for it.

gallistic's picture

Prostitution may be the oldest profession, but presstitution has been around since the day Gutenberg developed his toy.

the grateful unemployed's picture

yeah it was actually a lot worse

smacker's picture

"it's never different this time"

Indeed. The French are still socialists. All that's changed in France is that taxes have risen.

SMC's picture

Some readers may conclude that the paper's alleged "journalistic standards" have not improved. ROFL.

The best article is the attempt at smearing Hetty Green. As if she cared. The author was not worthy to shine her boots - reads like scum wrote it then, just like the scum written pieces today designed to influence opinion instead of reporting facts.

"There is no secret in fortune making. All you have to do is buy cheap and sell dear, act with thrift and shrewdness and be persistent." - Hetty Green.

One tough lady.

I Write Code's picture

I remember the wall street journal.

Dublinmick's picture

John Swinton on the Free Press

One night, probably in 1880, John Swinton, then the preeminent New York journalist, was the guest of honour at a banquet given him by the leaders of his craft. Someone who knew neither the press nor Swinton offered a toast to the independent press. Swinton outraged his colleagues by replying:

“There is no such thing, at this date of the world’s history, in America, as an independent press. You know it and I know it.

There is not one of you who dares to write your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinion out of the paper I am connected with.

Others of you are paid similar salaries for similar things, and any of you who would be so foolish as to write honest opinions would be out on the streets looking for another job. If I allowed my honest opinions to appear in one issue of my paper, before twenty-four hours my occupation would be gone.

The business of the journalists is to destroy the truth, to lie outright, to pervert, to vilify, to fawn at the feet of mammon, and to sell his country and his race for his daily bread. You know it and I know it, and what folly is this toasting an independent press?

We are the tools and vassals of rich men behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities and our lives are all the property of other men. We are intellectual prostitutes.”

SMC's picture

Today's independent press is a person with a camera and microphone, with the fortitude to record and publish events while hiding from and/or resisting government thuggery.

notadouche's picture

thuggery or buggery?

The Blank Stare's picture

Tom cruise must be working on the railroads by now waiting for his big chance at liberty and the pursuit of happiness: "all I want it some land!!"

I feel the same way.