The Greatest Robbery In American History Compared To The Subprime Mortgage Crisis
hank | May 01, 2008 | View Comments
Saw an interesting video today that compared the early 20th century American stock market to todays subprime crisis. There really are some stunning similarities, but the piece that caught my eye was the last 20 seconds when he describes the investor pull out right before the 1929 stock market crash as “The Greatest Robbery in American History”…
I’m not a huge history buff, and I know the generalities of the stock market crash of 1929, but never knew it in depth like this, and the similarities to todays subprime debacle. This is a very informative 4 minutes and 36 seconds.
“Give me control of a Nation’s money supply, and I care not who makes the laws.”
- Amschel Rothschild
“If you want to remain slaves of the bankers and pay for the cost of your own slavery, let them continue to create money, and control the nations credit.”
- Sir Josiah Stamp
Filed Under: Debt • Investing • financial education
