Percy Rockefeller, Bernard Baruch and other lords of Wall Street and Lombard Street devised the three “black days” of October, 1929 (Thursday, the 24th; Monday, the 28th; and Tuesday, the 29th) which transferred a quarter of US industrial ownership from the people to the giants of international finance while, through a deflationary contraction of money in circulation, boosted the real value of creditors’ bond portfolios more than 15 percent – a bonanza for the super- rich that we have always viewed as ”The Great Depression.” How? On each black day, selling was induced by margin calls and when the ticker got two hours behind in reporting the falling prices, Baruch, Rockefeller and others began buying. The trick was successful each day it was employed. The media reported their action each time as an attempt to “support the market” — but of course the panicked sellers had no idea that anyone was buying since the ticker, being behind, only showed falling prices. The swindle is done a little differently today, but the outcome for the Rockefellers and their allies remains the same. sagaciousnewsnetwork/wp-content/uploads/2013/05/RockefellerDynasty.jpg
Posted on: Fri, 07 Jun 2013 17:07:58 +0000
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