The first Great Depression...1930's? No, earlier than that. Read about the crash of 1869 which initiated the first Great Depression. The parallels with today are interesting.
http://www.safehaven.com/article-14559.htm
I appear to have read the charts correctly yesterday, so maybe Elliott Wave 'C' or '3' of the great crash of our era has started. Buckle up, prepare for major bank failures as derivatives collapse.
Mayhem is coming...
2 comments:
If a few bankers were hung in the square of New York city do you suppose that might send a message to them that the american people are mad as hell and will not take it anymore. waldo
Hi Waldo,
I believe that is going to happen, but first there probably will be a period of government repression. The bankers and corporatists have gone all out in their criminality, they will try to defend their current privilege and safety. They hate the American people and our institutions, and will try to take the whole system down to protect themselves. They are nihilists.
There will be a second American revolution, that is predictable, the outcome is not entirely so.
Good Luck,
Mark L.
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