History Rhymes…

…In this case it rhymes with CNBC of today…


“I see nothing in the present situation that is either menacing or warrants pessimism… I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress.”
– Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929

“I am convinced that through these measures we have reestablished confidence.”
– Herbert Hoover, December 1929

“[1930 will be] a splendid employment year.”
– U.S. Dept. of Labor, New Year’s Forecast, December 1929

“For the immediate future, at least, the outlook (stocks) is bright.”
– Irving Fisher, Ph.D. in Economics, in early 1930

“…there are indications that the severest phase of the recession is over…”
– Harvard Economic Society (HES) Jan 18, 1930

“There is nothing in the situation to be disturbed about.”
– Secretary of the Treasury Andrew Mellon, Feb 1930

“The spring of 1930 marks the end of a period of grave concern…American business is steadily coming back to a normal level of prosperity.”
– Julius Barnes, head of Hoover’s National Business Survey Conference, Mar 16, 1930

“… the outlook continues favorable…”
– HES Mar 29, 1930

More here…

Oh ye’ suckers…

One thought on “History Rhymes…

  1. i am a 61 yo 100% serviced connected veteran i get money once a month from the military for my disabilities i found a descrepancy in my acct on 6/11 i reported it to the bank and was contacted by the fraud dept on the 6/15 and told to close my acct asap because it had been compromised i closed that acct on 6/15 and opened a new acct my only source of income comes to that acct as i am classifieed by the federal govt as unable to work when i closed my acct i had 48.83 transferred to my new acct on 6/17 i am told my acct i closed 2 days previously is overdrawn on 6/22 i had 255 dollars forwarded from my old acct to the new acct on 6/26 i go to the bank and find not only is the acct i closed 11days ago still opened but i have been charged 15dollars overdraft fee is this theway a100yo bank treats it s seniors and disable military customers

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