Tuesday, April 10, 2012

Before the crash of 1929 , as a stock broker , I was making a lot of money.
I was not only affected by this , but my entire group of friends that had been pooling our money together to turn the stock market in any direction we wanted.

At one point all together we had about 10 million dollars invested in the market , this earned us the notorious name of "fat cats"

I remember when we first started giving out credit on stocks. At the time it seemed as though it was a great idea , however , in the long run I see how much it has affected society as a whole . This is also a reason why the crash was so dramatic because people didn't just lose their money , but they also lost money they didn't even have yet because of their credit stocks.

As for Mr. President Herbert Hoover I am to say the least , not impressed. His approach to solving this issue has been lackadasical and hasn't really helped anyone. He has an optimism that is not only unlikely , but in some way arrogant. There are people that are starving while he continues to be oblivious to the problems.

However, this Franklin Roosevelt character seems to have everything in order! Who knows maybe he'll be elected again!

I stumbled across this picture today and it seems to capture the energy that is going on right now. Everyone from the rich to the poor has been affected and this is a very bad time for the country.


The day the market crashed was one of the most depressing days of my life. I had to watch my stocks become worth pennis while I frenzied to answer all of my clients calls and there request for pulling out there stocks.








8 comments:

  1. I thought I could get ahead by putting all the money I saved in the stock market. Little did I know that you "fat cats" were fixing the game! I know have nothing and day consists of waiting in a bread line so my kids don't starve. I hope to see you in the bread line soon!

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  2. That's exactly what we wanted you to think! I feel bad for your kids ,but that's about it! I keep all my money locked in a safe you won't see me in any bread line anytime soon!

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  3. i know how you guys feel, believe me. i lost all my plants and stuff..which means im going to be broke for the next, i dont know, year or so? just my luck. Jaron if you want to donate some money to me...feel free. :)

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  4. Come get Bread at my bakery! Ill give you discount!

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  5. can i have a discount?! IM BROKE.

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  6. You get nickel off! But you clean dishs!

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  7. um............nevermind. ill starve.

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  8. I'll take the offer. I've been looking for work for five months now. Can I wash dishes every day? My farm dried up in the Dust Bowl, now I have no skills that help me here in the city.

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