*
*
*
Remember
Forgot password ?
Connect
Register for a free account
Sign in with Facebook
Close X
Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
English
French
Subscribe
Log in
Word, article or author
Company name, symbol
A mine, a project
Gold bullion
Silver bullion
Gold & Silver Prices in
Choose
Chinese
Hindi
English
Spain
Arabic
Thai
French
Deutch
FORUM
Gold and silver
Political, Dollar, USA
It's nice to talk about...
Physical Gold and Silver
Ebay, Amazon, Shop
Gold and Silver Mining
Technical Analysis
Gold and Silver currency
Numismatic
Economy - Stock - Property
Brainstorm
Gold and Silver ware
Announcement
Gold price handling
The best
The best places
24hGold
WORLD PM NEWSFLOW
All
Gold
Silver
Copper
Zinc
PGM & Diamonds
Other Metals
Oil and Gas
Uranium
Mining News
PHYSICAL GOLD & SILVER
Gold and Silver Data
Gold Bullion Prices
Ebay Gold Search Tool
Gold Coins Premiums
Silver Bullion Prices
Ebay Silver Search Tool
Silver Coins Premiums
RESOURCE STOCKS
Company profiles
Reserves and Resources
Projets, properties and mines
Production
Technical Analysys Tools
Latest Discoveries
Mining Stocks newsflow
Mining Stocks TrendPower
STATISTICS
Statistics by Country
Statistics by Metal
Precious Metal Price in 159 Currencies
Metal Prices
Market Indices
GOLD UNIVERSITY
Gold Essays
Analysts and Contributors
Commentators
Latest comments posted
TOOLS
Gold & Silver Converter
Graph Generator
Nissab and Zakat
Rss
USEFUL
Subscribe
Contact-us
About
Articles
NewsFlow
Gold & Silver Prices
Market Briefing
Recevez notre Marketbriefing
In the same category
Gold: A Surge Into Summer?
Stewart Thomson
Gold Stocks: Poised To Outperform Everything
Stewart Thomson
Dovish CPI: A Super Surge For Gold?
Stewart Thomson
The Anti-Concepts of Money: Conclusion
Keith Weiner
Gold Stocks: Good Times Are Here
Stewart Thomson
Gold Price Reaction: Key Zones To Buy
Stewart Thomson
ranbotrader
Member since May 2012
188 commentaries
-
1 follower
1 followers
has posted a comment on the article :
Lessons From the Panic of 1907
- Jesse -
Le Cafe Américain
"the central government at this time was weak, and regulation was largely in the hands of the business principals"
"If you wish to take the measure of a society, look to how its weakest members are protected from its strongest, and its predators skulking at the fringes."
The above comments tell a compelling tale.
The GFC made two things abundantly clear: that the rich bankers who caused the collapse of the financial system with their over abundant greed were absolved from prosecution and that the the very rich were free to ravage the poor as they liked. These observations should come as no surprise to fair minded citizens watching the system of government protect the 1% as though they owned everything and as thought they were a proverbial 'sacred cows'.
The first quote above needs to be viewed with respect to the Obama government which is unable to achieve even a small wage increase for the poor because the Republican side of politics, owned by business interests, blocks any measures to restore fairness and equity, preferring instead to pursue a policy of slavery by stealth.
The second quote shines more light on what has been happening with pay for at least the last decade. Whilst CEOs, senior staff and sports stars justify their obscene and fast growing pay deals big business continues to rape the poor and refuse any real pay rises of any sort.
I fail to understand humanity and the blase uncaring attitude of the rich who live in the belief that they deserve everything and that the poor are lazy good for nothings who deserve nothing and need to be happy with the cards they are dealt.
Indeed a collapse must be around the corner as the current system can only lead to eventual revolution or collapse. What those who own the game do not realise is that their sullied existence can only be maintained in the context of a system where money goes around and is available to everybody. It is money going around which makes the system work, not all wealth in the hands of the few.
Commented
3698 days ago
Tweet
-
Send
Beginning of the headline :
I have just finished reading The Panic of 1907: Lessons Learned from the Market's Perfect Storm, written by Robert Bruner and Sean Carr in 2007. It is an extraordinarily well documented, step by step study of one of the worst bank panics and stock market crashes in modern times. The broad stock market declined 37% from peak to trough in less than 15 months. Here is an extended quote from the authors' closing remarks. "Why do markets crash and bank panics occur? Any single case study, such as...
Read More
Reply to this comment
You must be logged in to comment an article
8000
characters max.
Log in or Sign up
Dernier commentaire publié pour cet article
chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
Lire la suite
ferzi
- 20/04/2013 à 20:03 GMT
Note :
1
3
Top articles
MOST READ
Staggering Towards Another Minsky Moment - Hiding Out
-
Jesse
-
Le Cafe Américain
Pillaging for Profits
-
Jesse
-
Le Cafe Américain
Gold Price Reaction: Key Zones To Buy
-
Stewart Thomson
-
Graceland Update
Creatures of Unspeakable Horror
-
Jesse
-
Le Cafe Américain
Most commented articles
More...
Services
RSS feed
24hGold Mobile
Gold Data Center
Gold & Silver Converter
Gold coins on eBay
Silver coins on eBay
Technical Analysis
Fundamental Analysis