I consider the beginning of our demise to have taken place in the early 1900's when JP Morgan bailed out the US Govt. twice, by doing this he cemented his reputation as being a power broker and people trusted his judgement and opinion. When he spread the rumors of insolvency at the Knickerbocker Trust Co. in the early 1900's people listened and viewed this to be extremely credible. People rushed to take their money out of the bank and others followed in the panic shortly after going to take their money out of other banks, this caused the Bank Runs of 1907 which laid the foundation for passage of the Federal Reserve Act 6 years later. Now Pierpont Morgan (JP) was an interesting fellow who I definitely don't believe acted on his own accord, he funded Thomas Edison (Not nearly the hero he's made out to be) which I'll address in more detail in later posts, then Tesla (Greatest Mind or 2nd in History) will be addressed in the Edison/Tesla posts later, Morgan purchased US Steel from Andrew Carnegie, funded Cornelius Vanderbilt and many many more. One would come to the conclusion that this man was worth Billions even in those days for as much as he had his hands in and for Gods sake bailing out the United States Twice, but when he died it was revealed he had a net worth of $80 million dollars ($2.3 Billion Today) to this JD Rockefeller said "and to think, he wasn't even a rich man". Now how could a man who died with this new worth (Would have been substantially less when he bailed out the Government) have done the things he did? How could he have possibly bailed out the United States Twice? Maybe he had backers in Europe? The problem with us in this day in age is that we never ask the why, how, what, when, where or WHY!! I encourage anyone who reads this to ponder this for a moment and please let me know what you think. Thank You for taking the time to read this and Good Luck to you all!!
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Very interesting. One advice though, make sure to break your text into paragraphs. It makes it much easier to read.
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Headings work well too.
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Good call, thank you guys. This was my first post ever so the feedback is much appreciated. I am a little raw when it comes to this lol. Thank you again I have been looking at others posts and noticed that and yes much easier to read, I will do that from now on.
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