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North Spore Shop: Injection Grain Bag

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InvisibleZippoZM
Knomadic
 User Gallery

Registered: 06/17/03
Posts: 13,227
Loc: Pongyang, North Korea
The panic of 1907
    #15201031 - 10/09/11 03:27 PM (12 years, 3 months ago)

I thought this was a very interesting article to read, considering our current financial situation. Essentially, the markets crashed 50% and an injection of liquidity was necessary to maintain the economy, but in this instance the injection of capital was funded by the private sector. in particular an individual, JP morgan, pretty much backed the potentially defaulted companies.

http://en.wikipedia.org/wiki/Panic_of_1907

All of this panic has happened before, and it will happen again.


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PEACE

:mushroom2:zippoz:mushroom2:



"in times of widespread chaos and confusion, it has been the duty of more advanced human beings - artists, scientists, clowns, and philosophers - to create order. In such times as ours however, when there is too much order, too much m management, too much programming and control, it becomes the duty of superior men and women and women to fling their favorite monkey wrenches into the machinery. To relieve the repression of the human spirit, they must sow doubt and disruption"

"People do it every day, they talk to themselves ... they see themselves as they'd like to be, they don't have the courage you have, to just run with it."


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InvisibleIcelander
The Minstrel in the Gallery
Male


Registered: 03/15/05
Posts: 95,368
Loc: underbelly
Re: The panic of 1907 [Re: ZippoZ]
    #15246661 - 10/19/11 10:43 AM (12 years, 3 months ago)

So true.  I don't worry about this shit.  It's all small stuff imo.


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"Don't believe everything you think". -Anom.

" All that lives was born to die"-Anom.

With much wisdom comes much sorrow,
The more knowledge, the more grief.
Ecclesiastes circa 350 BC


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North Spore Shop: Injection Grain Bag


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