The Orchestrated Crash of 1929

From Matt Ehret's "The Clash of Two Americas" Vol. 2

"While everyone knows that a 1929 market crash unleashed four years of hell in America which quickly spread across Europe under the great depression, not many people have realized that this was not inevitable, but rather a controlled blowout. The bubbles of the 1920's were unleashed with the early death of President Warren G. Harding in 1923. Harding's devotion to protection was quickly swept aside upon his death as a speculative frenzy grew under the careful guidance of JP Morgan's President Coolidge and Treasury Secretary Andrew Mellon who de-regulated the banks, imposed austerity onto the country, and cooked up scheme for Broker loans allowing speculators to borrow 90% of their stock. Wall Street was deregulated, investments into the real economy were halted during the 1920's and insanity became the norm. In 1925 broker loans totaled $1.5 billion and grew to $2.6 billion in 1926 and hit $5.7 billion by the end of 1927. By 1928, the stock market was overvalued fourfold! When the bubble was sufficiently inflated, a moment was decided on to coordinate a mass "calling in" of the broker loans. Predictably, no one could pay them resulting in a collapse of the markets. Those "in the know" cleaned up. The elite of JP Morgan's "Preferred Clients lists" and other financial behemoths sold before the crash and then bought up the physical assets of America for pennies on the dollar during one of the greatest wealth transfers of recent history. One notable person who made his fortune in this manner was Prescott Bush of Brown Brothers Harriman, who went onto bailout a bankrupt Nazi party in 1932. These financiers had a tight allegiance with the City of London and coordinated their operations through the private central banking of America's Federal Reserve and international Bank of International Settlements."