Was The Great Depression A Conspiracy Or Conspiracy

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The Great Depression The Conspiracy or The Truth? By: Brittany Erin Frazier On October 24, 1929, a day now called Black Thursday, stock prices plummeted. In the following days, people who had invested in the stock market panicked and tried to sell their stocks. But everyone wanted to sell and no one wanted to buy. Thousands of investors lost huge amounts of money when the stocks they owned became worthless. Banks affected by the stock market crash were unable to give their customers their money. Businesses failed, and people’s savings were wiped out. By 1933, about 25 percent of the U.S. workforce was unemployed. Millions descended into poverty. Could all of this have been prevented? Is it possible that it was all the result…show more content…
The international bankers who promoted the inflationary policies and pushed the propaganda which pumped up the stock market represented too many generations of accumulated expertise to have blundered into the Great Depression …It was the game of boom and bust, using economic crisis to consolidate political power at the top where it can be most easily controlled. The major cause of the economic collapse was the deliberately created credit inflation by the Federal Reserve. In six years it had inflated the money supply by sixty-two %, inducing market speculations and unwise investments by middle Americans who were being set up for a shearing. When the shearing came, the sheep took a realistic look at their economy and panicked. Optimism was replaced by economic despair; despair produced a willingness to accept a major expansion of government controls over the economy.” (American…show more content…
In 1936-37 Stock prices plummeted 50%, in 1948 dropped 16%, in 1953 down 13%, 1956-57 down 13% and late in 57 down another 19%. It has continued like this every few years until today, the most recent being the crash of Sept. 2008 that we are still trying to recover from. (Zeitgeist) In 1963, President Kennedy passed Executive Order 11110 which stripped the Federal Reserve from its power to loan money to the U.S. government. It also called for the printing of $450 Billion dollars in U.S. backed Debt-Free currency and gave the Treasury Department the authority to issue silver certificates against the treasury’s silver holdings. Six months after this JFK was killed. As soon as his successor, Lyndon Johnson took office, the first thing he did was suspend the printing of JFK’s silver certificates, and took them out of circulation. (American
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