world markets about to collapse, page-58

Just

I'm afraid that the "1930 mob" did know the crash was coming but you had to be in the elite club. The current "mob" are just as "wise". Why is insider selling the highest its ever been?

A few snippets from "The creature from Jekyll Island

Andrew Mellon was the secretary of the treasury in 1929

President Herbert Hoover described Mellon’s views as follows

“Mr Mellon had only one formula: “liquidate labour, liquidate stocks, liquidate the farmers, liquidate real estate.” He insisted that, when the people get an inflation brainstorm, the only way to get it out of their blood is to let it collapse. He held that even a panic was not altogether a bad thing. He said “It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a moral life. Values will be adjusted, and enterprising people will pick up the wrecks from less competent people”

His counterpart in England was Montagu Norman

His biographter tells us that, after he became head of the Bank of England, his custom was to journey to the United States several times each although his arrival was seldom noted by the press. He traveled in disguise, wearing a long, black cloak and a large, broad-brimmed hat, and he used the pseudonym of Professor Skinner. It was on one of those unpublicized trips that he ran into a young Australian by the name of W.C. Wentworth. Sixty years later, Wentworth wrote a letter to The Australian, a newspaper in Sydney, and told of his encounter:

“In 1929 I was a member of the Oxford and Cambridge athletic team, visiting America to run against American Universities, .Late in July we split up to return, and I, together with some other members, boarded a smallish passenger vessel in New York. (There were. course, no aeroplanes in those days.)
A fellow passenger was "Mr. Skinner," and a member of team recognized him. He was Montagu Norman, returning to London, after a secret visit to the US Central Bank, travelling incognito. When we told him we knew who he was, he asked us not to blow his cover, because if the details of his movement were made public it could have serious financial consequences. Naturally, we agreed, and on the days following, as we crossed the Atlantic, he talked to us frankly.
He said, "In the next few months there is going to be a shake out.
But don't worry-it won't last for long."

On August 9, just a few weeks after that ship-board enc, the Federal Reserve Board reversed its easy-credit policy and raised the discount rate to six per cent. A few days later, the Bank of England raised its rate also. Bank reserves in both countries began to shrink and, along with them, so did the money supply. '- : and of course the rest is history

John D. Rockefeller, J.P. Morgan, Joseph P. Kennedy, Bernard Baruch, Henry Morganthau, Douglas Dillon-the biographies of all the Wall Street giants at that time boast that these men were "wise" enough to get out of the stock market just before the Crash. And it is true Virtually all of the inner club was rescued. There is no record of any member of the interlocking directorate between the Federal Reserve, the major New York banks, and their prime customers having been caught by surprise. Wisdom, apparently, was greatly affected by whose list one was on.