The year was 1930 when this song was written. Perhaps you may have heard what happened in October of 1929... The Wall Street stock market crashed and the world spent the next several years in an economic crisis. The point is, a transition from wild prosperity to ‘bread-line’ poverty can happen quickly.
Yesterday’s crash of the cryptos is an example of Market agility. Price volatility is faster today than it was in 1929.
The Stock and Bond markets are manipulated currently. Traders may jump from one space to another almost seamlessly in today’s environment. It’s like a massive flock of mindless birds who change course as a group because a bird in front spotted a bug. Change can happen instantly.
The value of a silver dime in 1930 is worth $1.25 today. Remember, Silver is manipulated like the markets. The real value is likely much greater. What kind of crisis would cause you to beg for bread?
Today’s systemic risks are ‘protected’ by governmental and central banks. Like the Titanic, these ships can never sink.
Here is today’s beauty.