Repeat Failure

Due to its unchanged greed, this place is doomed to failure, but only its citizens will pay.  Below, please read a list of examples throughout history.

 

-The Financial Panic of 1837 was a financial crisis in America that caused a Depression until 1844 and prompted America to temporarily withdraw from international money markets.  Outraged citizens blamed the perilous slipshod banking system and an uncaring outgoing President: Andrew Jackson (notorious killer of thousands of Native Americans).  America was saved by the California Gold Rush in 1848 (the discovery of gold), which America used as an excuse to steal land from Mexico.

-The Financial Panic of 1857 originated in America due to risky financial over-expansion.  The nation endured it until America’s Civil War began in 1861.  The oldest grain company in NYC failed, and the stock market (always based in NYC) declined.

-September 24, 1869 in America was known as Black Friday because the economy plummeted when a pair of NYC financiers illegally tried to corner the Gold Market: Jay Gould and Fames Fisk.  Their conspiracy involved the sister of the American President, Ulysses Grant.  Their scheme caused financial devastation for months and ruined the end-of-year holidays for millions of citizens.  Dozens of brokerage firms went bankrupt.  50% of America’s workforce suffered the worst, and prices for agriculture dropped badly.  Farming entered a steep decline that lasted for years.  The Secretary of the U.S. Treasury resigned, but Gould and Fisk escaped conviction and didn’t admit to any wrongdoing.  A Congressional investigation was useless and merely wasted more tax dollars.  Judges in NYC were corrupt and avoided prosecution despite the enormous evidence.  The president was blamed for being too lenient.  Gould remained powerful on Wall Street until his death in 1892, yet Fisk was shot in 1872. 

-The Financial Panic of 1873 resulted from overexpansion by NYC’s financiers, and it caused an economic depression from America to Canada and Europe.  It caused 20 years of stagnation, nicknamed The Long Depression.  55 American railroads went bankrupt, and 60 more went bankrupt within two years.  18,000 businesses failed, real estate values fell, and construction stopped.  When workers began strikes and unions, their robber-baron bosses prompted massacres to scare them into obedience.  E.g. the Pennsylvania cities of Pittsburg, Reading, and Scranton (where coal, iron, steel, and railroad industries were centered).  Europe recovered much faster than America.

-The Financial Depression of 1882 lasted until 1885.  It started in America when its railroad industry experienced a Railroading “bubble” as investors over-built railways.  The U.S. Bureau of Labor Statistics blamed corporate monopolies, too much risky speculative investment, bad effects of child labor, and unchanged defects in the banking system. 

-The Financial Panic of 1884 occurred from America’s speculative bonds and overextension of credit limits.  President Grant’s son formed a brokerage firm that made a series of bad investments but illegally forged their records to hide everything.  Their “pyramid scheme” was exposed, and NYC banks defaulted on their loans.

-In 1890, the kingpin seizes control of his father’s financial company in NYC because his honest father “died under suspicious circumstances”.  The kingpin drives decades of schemes to overpower America’s financial independence and social wellbeing.  

-The Financial Panic of 1893 was an economic depression throughout America that lasted for four years.  The kingpin leveraged America’s weakness so the nation become indebted to him for his financial bailout to rescue the U.S. Treasury.

-The Financial Panic of 1896 was another depression in America caused by the Klondike Gold Rush affecting the gold-standard and national reserves of silver.  The kingpin got involved in the debate of whether America should remain on the gold-standard or also use silver.  (That conflict was depicted in the Wizard of Oz novel).

-The Financial Panic of 1901 was a stock market crash caused by struggles between the kingpin and other financiers for control of the Northern Pacific Railway.  William Rockefeller’s First National City Bank (now called Citibank) used funds from America’s Rockefeller-owned petroleum monopoly, Standard Oil (now Exxon and Mobile, et cetera), to help the kingpin.  Thousands of small investors were ruined.  Public outcry spread across the country, and taxpaid politicians threatened litigation.  The kingpin asked the American President, Teddy Roosevelt, to prevent true harm from coming to his own assets.  As a result, the new company formed by the kingpin was taken apart… yet it operated as if it remained whole.  The kingpin remained untouched by the government, while the government eliminated his competitors (and won public approval for doing something).  

-The “Rich Man’s Panic” of 1903 was prompted by stock dilution and governmental anti-trust actions.  It lasted for the entire year.  

-The Panic of 1907 began in New York City when American financial institutions failed during an economic recession.  Disasters extended across the nation, and NYC’s third-largest trust company went bankrupt.  Again, the kingpin made decrees to the Secretary of the Treasury and presidents of America’s largest banks.  He held them in his brownstone townhouse until they agreed to provide loans to the banks that he wanted to save.  His crony, John D. Rockefeller, was the wealthiest man in America and the worst robber-baron in history and gave millions to the kingpin’s choice.  When NYC neared bankruptcy in November, the kingpin purchased $30 million (worth $1 billion in today's money) of city bonds.  As usual, the kingpin held meetings—that affected the city and the nation—in the comfort of his library at home.  Many times, he held attendees past midnight until 4am… and until they obeyed his commands.  Once he received the commitments he wanted, the kingpin “allowed the bankers and company presidents to go home”.  Understandably, his library is now a museum of NYC???  He also compelled the US President to let them break anti-trust/anti-monopoly laws so their company (which already held 60% of America’s steel) to make another large acquisition… and become a stronger monopoly. 

-The Financial Panic of 1910 was an economic depression: a failure of the economic market.  It happened when monopolies—owned by robber-barons—were forced by the government to be broken into smaller entities.  Their owners got temporarily frightened and made the citizenry pay for their failures.  Eventually, the owners realized that they could operate several smaller entities as one big one anyway.  Trust-busting in America proved to be useless.

-The kingpin died in 1913.

-The Financial Crisis of 1914 occurred during liquidation of investments as World War One began.  The American Stock Exchange remained closed for four months.  Once again, New York City was almost bankrupt. 

-The Depression of 1920 began in America 14 months after WWI ended.  It was disastrous for military veterans who wanted to return to work in the economy.  However, more overexpansion and risky stock speculation in NYC spurred the Roaring Twenties from 1921 until 1929.  It also left America completely unprepared for an earth-shattering financial failure.

-The Great Depression of 1929 ended the America’s inflated boom of the NYC stock market and triggered financial collapses for most nations around the world.  It set a new standard of catastrophe, and its effects lasted for a decade… until World War Two began.  Robber-barons were able to buy struggling enterprises for small amounts.  The American President (another Roosevelt in the same dynasty) allowed Big Businesses to overtake the nation, while he took credit for small-yet-flashy efforts to give food and menial jobs to millions of impoverished taxpayers.  

     As you can see, America’s financial miscreants had plenty of time to fine-tune their art of bankrupting the nation to make themselves wealthier… and the taxpaid government did nothing to stop them.  That remains unchanged nowadays.

NYC was almost bankrupt in 1907, 1914, 1975.  Boss Tweed and his cronies stole $3.5 billion in today’s money.

     Before 1881, sanitation was supervised by the lazy police, and streets were filthy with trash, horse manure, and ashes. There were mountains of dust and ash that the city uncaringly dumped in Queens County, which became the Corona Ash Dump that was described in The Great Gatsby.  Winds blew the ashes through neighborhoods and into commuter trains from Long Island.  NYC’s Department of Sanitation was created in 1929 by one of NYC’s most-corrupt mayors, Jimmy Walker, who embezzled tons of funds from 1926 to 1932.  He began the subway ongoing relationship with hugely-expensive construction.  He also replaced the police commissioner with a banker.  Then, the police began a scam to take money by falsely arresting women as prostitutes.  He was so powerful that even Franklin Delano Roosevelt—who was NY governor at that time—refused to intervene to eject him.  (FDR was equally useless against American tyrants when he became US President).  Only when FDR was thick in his presidential nomination did Walker resign, avoid any penalties, and he relocated to Europe until WWII started.  He is rated as the third-worst American mayor seen from 1820 to 1993.

     In 1922, the mayor of NYC gave a speech and said, “The head of a giant octopus is the Rockefeller-owned Standard Oil (conglomerate) and a small group of powerful bankers who work internationally.  The little coterie virtually runs the United States government for their own selfish purposes.  They practically control both political parties, write political platforms, make catspaws of party leaders, and resort to every device to nominate for high public office only candidates who are amendable to the dictates of corrupt big business.  They control the majority of newspapers and magazines in this country.  They operate under a self-created screen in every agency created for public protection.”  Nothing has changed.  Surely, he knew about corporate-controlled media because the start of his career needed approval from the founder of Hearst Communications.  He died of a heart attack in 1936.