I own a copy of this limited, and rare book….2000 published in 1932
It shows documentation that “news” reporters were paid all during the “roaring” twenties to write favorable stories to “ballyhoo” stocks. Plummer brought two trunks of documents to Representative La Guardia who in turn presented them to the Senate Banking and Currency Committee.
One headline from N.Y. American dated April 27, 1932
“Writers Paid To Push Stocks Senators Told”
“From 1925 to 1931 inclusive, 5,542 banks in this country closed their doors with losses of 3,662,177,736 to American bank depositors. This exceeds in both number of banks and liabilities the entire 32 years prior to 1925- that is from 1898 to 1924 inclusive when 5,264 failed with losses of 1,981,546,602. To think that 10,806 banks could go under through mismanagement, or any other cause, with total losses of 5,643,724,338 and but a handful of bankers go to jail is unbelievable. If they had all closed in one day it would have been dramatic but spread over 39 years apparently American citizens and lawmakers have blinked at the spectacle.”
“All securities on Jan. 1, 1925, aggregated 63.6 Billions; rose to 138.9 Billions in 1929 (1930 for Bonds) and declined to 59.1 Billions May 1, 1932- a net loss of 79.8 Billions from the top.To state the value of securities depreciated 79.8 Billions from the peak of 1929 to the May 1, 1932, lows does not tell the entire story as staggering as it appears.”
“Cold statistics do not, and can not, reveal the ruin of millions of individual investors, leaving bankrupts, broken homes, and suicides in it’s path. But it helps to visualize the dollar damage brought about by the world’s greatest gambling spree”
The book shows how, well before Operation Mockingbird, the press was well paid to broadcast lies, and played an important, an instrumental, role in fleecing the public by being the propaganda tool for Wall Street.
Excellent addition to the library of anyone who is interested in the financial deception of our history or the present time….
Check out this book…
Funny how you can find so much interesting entertainment in a small story like this. I never knew where the term originated…well, here it is.
Don’t you love the name of his company? “Securities Exchange Company”, sounds familiar doesn’t it?
Lawmakers Revise Rescue Plan
A Two-Pronged Push To Aid Ailing Banks
Just for Brian
How war debris could cause cancer
NEVER TICK OFF A NURSE
A big shot attorney had to spend a couple of days in the hospital. He was
a royal pain to the nurses because he bossed them around just like he did
his staff. None of the hospital staff wanted to have anything to do with
The head nurse was the only one who could stand up to him. She came into
his room and announced, ‘I have to take your temperature.’ After
complaining for several minutes, he finally settled down, crossed his arms
and opened his mouth.
‘No, I’m sorry,’ the nurse stated, ‘but for this reading, I can’t use an
oral thermometer.’ This started another round of complaining but
eventually he rolled over and bared his behind.
After feeling the nurse insert the thermometer, he heard her announce, ‘I
have to get something. Now you stay JUST LIKE THAT until I get back!’
She left the door to his room open on her way out. He cursed under his
breath as he heard people walking past his door, laughing.
After a half hour, the man’s doctor came into the room.
‘What’s going on here?’ asked the doctor.
Angrily, the man answered, ‘What’s the matter, Doc? Haven’t you ever seen
someone having their temperature taken?’
After a pause, the doctor confessed…..
‘Not with a carnation.’