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They Denied That We Were In A Depression In 1933 And They Are Doing It Again In 2013
The more things change, the more things stay the same. The Great Depression actually started in 1929, but as you will see below, as late as 1933 the Associated Press was still pumping out lots of news stories with optimistic economic headlines and many Americans still did not believe that we were actually in a depression. And of course we are experiencing a very similar thing today. The United States is in the worst financial shape that it has ever been in, our economic infrastructure is beingsystematically gutted, and poverty is absolutely exploding. Since the stock market crash of 2008, the Federal Reserve has been wildly printing money and the federal government has been running trillion dollar deficits in a desperate attempt to stabilize things, but in the process they have made our long-term economic problems far worse. It would be hard to overstate how dire our situation is, and yet the mainstream media continues to assure us that everything is just fine and that happy days are here again.
As I have already noted, the mainstream media was doing the exact same thing back during the days of the Great Depression. The following are actual Associated Press headlines from 1933…
“Decisive Break from Panic Shown in Business Figures”
“New Farm Bill to End Depression”
And the following is a headline discovery from 1933 that was made by Linda Goin…
I was browsing through old newspapers the other day and discovered a page filled with news about the stock market and banks in the Daily Capital News from Jefferson City, Missouri. The date was March 15, 1933, well into the Great Depression, and the news was cautiously celebratory as a headline read, “Era of Fear is Declared at End Now.”
The Depression-era classic song entitled “Happy Days Are Here Again” was played at the Democratic National Convention in 1932 and it went on to be featured by the Democrats for many years after that. The following is an excerpt from a Wikipedia article about that song…
Today, the song is probably best remembered as the campaign song for Franklin Delano Roosevelt’ssuccessful 1932 presidential campaign. According to TIME magazine, it gained prominence after a spontaneous decision by Roosevelt’s advisers to play it at the 1932 Democratic National Convention, and went on to become the Democratic Party‘s “unofficial theme song for years to come”.
There is only one huge problem.
The election of Roosevelt didn’t end the depression. Years of bitter economic suffering and dust bowl conditions were still ahead. The Great Depression continued all the way up to the start of World War II, and the war years were certainly no picnic for average folks either.
But at least cheery headlines can make people feel better, right?
That is what some believe.
Others believe that giving people false hope is very cruel and that it sets up people for failure.
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Whistler Blowers, Insiders
There was a time when the stock markets were bought and sold, based on macro economic fundamentals, PE ratios, sector health or lack thereof, statistics reported honestly: one could invest, based on a likelihood of some probable reality moving forward. Now, the most important factor that is talked about is the Fed, how much is Bernanke going to continue to QE, which is just printing money, or speculation of tapering, this alone moving the markets up or down, and this regardless real unemployment, real inflation, real risks of such as banks that are still houses of cards and can’t even afford interest rates to rise, as neither can the government.
Computers are trading with each other, quote stuffing, owning stocks for less than a second. It’s all a sham now, a casino, and all the traditional financial advice about investing is dead. An honest market would be much, much lower now, not pumped up by falsehoods, computer HFT, and funny money. It’s nothing more than a fools game, a rigged market, to where you see commentary by many intelligent economists, indicating that thus and such very bad news should be good for another 200 points up in the markets, as it may mean more Fed funny money on the way. And after the lying debacle of Lehman, one must really wonder how many corporate officers are lying and reports rigged, how much data about a company is lies. Even COMEX metals quotes, like gold and silver, are lies, nothing that reflects supply and demand, futures contracts without any prayer of a basis in available supply of the underlying commodity: you’ve see it in the news, how they can’t deliver large contracts.
It’s just perverse. You may as well tell your financial adviser to find a better daytime job, as there is no reality to invest in anymore.
Kudos – well said. CNBC and FBN etc are the new comedy channels – if it were actually funny.