1932: The Unexpected Second Shock

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DK Matai

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Nov 24, 2009, 12:38:28 PM11/24/09
to Holistic Quantum Relativity (HQR)
Dear Friends

They will say, nobody saw it coming. Who could have predicted it... It
is worth noting that the 1932 stock market crash is deemed to be the
worst in the 20th century and not the one in 1929. By mid-1930, the
market was up 30% from the trough of the 1929 crash. However, by the
summer of 1932, the Dow reached a low of just 11% of its high in 1929,
or a loss of roughly 89%, trading more than 50% below the low it had
reached on October 29th, 1929. If one had $1000 on September 3rd 1929,
it would have gone down to $108 by July 8th, 1932 -- end of the worst
crash -- or an 89.2% loss. To recover from such a loss, one would have
to watch one's portfolio go up by 825%!

All this happened despite assurances from prominent government and
business leaders of-the-time that the worst was behind. Here is a news
headline that may sound familiar:

. September 1929: “There is no cause to worry. The high tide of
prosperity will continue.” - Andrew W Mellon, US Secretary of the
Treasury

After the stock market crash in October 1929, the Dow Jones Industrial
Average (DJIA) partially recovered in November-December 1929 and early
1930.

Reassuring headlines such as the following became increasingly common:

. May 1, 1930: “I am convinced we have now passed the worst and with
continued unity of effort we shall rapidly recover. There is one
certainty of the future of a people of the resources, intelligence and
character of the people of the United States – that is, prosperity!” –
US President Hoover

. August 29, 1930: “American labour may now look to the future with
confidence.” – James J Davis, US Secretary of Labour

. October 16, 1930: “Looking to the future I see in the further
acceleration of science continuous jobs for our workers. Science will
cure unemployment.” – Charles M Schwab.

On July 8th, 1932 the Dow reached its lowest level of the 20th century
and did not return to pre-1929 levels until 23rd November, 1954. The
full impact was not felt until the next year. By 1933, the Great
Depression was very real and it would take more than 22 years before
the market would regain what had been lost.

So severe was the impact of the 1929-1932 crash, that by spring of
1933, when President Roosevelt (FDR) took the oath of office,
unemployment in the US had risen from 8 to 15 million -- roughly 1/3rd
of the non-farm workforce -- and the GDP had decreased by more than
45% from $103.8 billion to $55.7 billion. Although the depression was
worldwide, no other country except Germany reached so high a
percentage of unemployment as the US. The poor were hit the hardest.
By 1932, New York's Harlem district had an unemployment rate of 50%
and property owned or managed by African Americans fell from 30% to 5%
in 1935. Farmers in the Midwest were doubly hit by economic downturns
and the Dust Bowl. Schools, with budgets shrinking, shortened both the
school day and the school year. The breadth and depth of the crisis
made it the Great Depression.

FDR, after assuming the presidency, promoted a wide variety of
federally funded programs aimed at restoring the American economy,
helping relieve the suffering of the unemployed, and reforming the
system so that such a severe crisis could never happen again. After
the crash in 1932:

1. The Securities and Exchange Commission (SEC) was established;

2. The US Congress passed the Glass-Steagall Act mandating a
separation between commercial banks, which take deposits and extend
loans, and investment banks, which underwrite, issue, and distribute
stocks, bonds and other securities;

3. The Federal Deposit Insurance Corporation (FDIC) was established to
insure individual bank accounts for up to $100,000; and

4. Works Projects Administration (WPA), the largest New Deal agency,
was set up employing millions to carry out public works projects.

However, while FDR's New Deal did help restore the GDP to its 1929
level and did introduce basic banking and welfare reforms, FDR refused
to run up the government deficits that ending the depression required.
Only when the federal government imposed rationing, recruited 6
million defence workers (including women and African Americans),
drafted 6 million soldiers, and ran massive deficits to fight World
War II did the Great Depression finally end.

The extent of the economic devastation of the 1930s went far beyond
the imagination of anyone in the financial markets or governments
across the world.

[ENDS]

We welcome your thoughts, observations and views. To reflect further
on this, please respond within Twitter, Linked and Facebook's ATCA
Open and related discussion platform of HQR.

All the best


DK Matai

Chairman and Founder: mi2g.net, ATCA, The Philanthropia, HQR, @G140

To connect directly with:

. DK Matai: http://twitter.com/DKMatai

. Open HQR: http://twitter.com/OpenHQR

. ATCA Open: http://twitter.com/ATCAOpen

. @G140: http://twitter.com/G140

. mi2g: http://twitter.com/intunit

-- ATCA, The Philanthropia, mi2g, HQR, @G140 --

This is an "ATCA Open, Philanthropia and HQR Socratic Dialogue."

The "ATCA Open" network on LinkedIn and Facebook is for professionals
interested in ATCA's original global aims, working with ATCA step-by-
step across the world, or developing tools supporting ATCA's
objectives to build a better world.

The original ATCA -- Asymmetric Threats Contingency Alliance -- is a
philanthropic expert initiative founded in 2001 to resolve complex
global challenges through collective Socratic dialogue and joint
executive action to build a wisdom based global economy. Adhering to
the doctrine of non-violence, ATCA addresses asymmetric threats and
social opportunities arising from climate chaos and the environment;
radical poverty and microfinance; geo-politics and energy; organised
crime & extremism; advanced technologies -- bio, info, nano, robo &
AI; demographic skews and resource shortages; pandemics; financial
systems and systemic risk; as well as transhumanism and ethics.
Present membership of the original ATCA network is by invitation only
and has over 5,000 distinguished members from over 120 countries:
including 1,000 Parliamentarians; 1,500 Chairmen and CEOs of
corporations; 1,000 Heads of NGOs; 750 Directors at Academic Centres
of Excellence; 500 Inventors and Original thinkers; as well as 250
Editors-in-Chief of major media.

The Philanthropia, founded in 2005, brings together over 1,000 leading
individual and private philanthropists, family offices, foundations,
private banks, non-governmental organisations and specialist advisors
to address complex global challenges such as countering climate chaos,
reducing radical poverty and developing global leadership for the
younger generation through the appliance of science and technology,
leveraging acumen and finance, as well as encouraging collaboration
with a strong commitment to ethics. Philanthropia emphasises multi-
faith spiritual values: introspection, healthy living and ecology.
Philanthropia Targets: Countering climate chaos and carbon neutrality;
Eliminating radical poverty -- through micro-credit schemes,
empowerment of women and more responsible capitalism; Leadership for
the Younger Generation; and Corporate and social responsibility.

heartphone

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Nov 25, 2009, 5:38:36 AM11/25/09
to Holistic Quantum Relativity (HQR)
Hello DK,

How are you?

Sorry I was not at home yesterday. Probably the hour time difference.

I would like to place a small remark on your above article.

There is already one big difference today compared to the stock market
crash in the beginning of the previous century and that is: The
Internet.
The Internet providing jobs to especially young people.
Saw something interesting on CNN yesterday, by accident. Many young
people in the U.S. and probably all over the world want to become
their own entrepreneur. They establish websites to help each other
with this.

Google is also facilitating this intention.

Perhaps this is the Innovation that will speed up developments in a
more positive way.
I guess we will have to start thinking about 'Money'' in a whole
different way too :)
Virtual money, what does it mean?

Love from Mieke

Ross

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Nov 25, 2009, 7:08:10 AM11/25/09
to Holistic Quantum Relativity (HQR)
Hi DK,

Very interesting post...

As we know things are repeated until the lesson is learned so I
suspect that we will see some form of what you describe of the 29/32
crash.

Yes, as Mieke says there are some physical differences however the
fundamental attitudes and values that created the situation haven't
changed yet.

What it took in the 30's was a war to realign people to a common
purpose and move them out of the "depression"... a depression of
spirit, more than anything.

The internet could a be an extraordinary vehicle to unite people
behind a common cause and create... however there will be opposing
forces using it to destroy so it will be an interesting battle.

Timing will be interesting also... will the time-line be accelerated
as change is more rapid or prolonged because today's communication
systems provide more opportunity to bail out the problems as they
arise.

We are in for a ride! Fasten the seat belts!

Warm regards,
Ross

Harbhajan Singh

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Nov 25, 2009, 8:51:05 AM11/25/09
to holistic-quantu...@googlegroups.com
Hello Mieke, hope everything is fine with you!
 
Regarding virtual money, good idea! You give a virtual service for exchange for a virtual service you received.  After some time such services will be standardised, that is, in terms of what you call virtual money. Finally it will become as effective as the actual money lol.
 
Hope it means something.

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heartphone

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Nov 25, 2009, 2:11:30 PM11/25/09
to Holistic Quantum Relativity (HQR)
Dear Ross,

Fasten your seat belts indeed :)

But you may be surprised that we may be in for a soft landing!

Not sure, everything is uncertainty, but so many differences in point
of view are expressed today in a virtual way.
Could be very well that they are growing faster to concensus because
of it.

Love from Mieke
> > the Younger Generation; and Corporate and social responsibility.- Tekst uit oorspronkelijk bericht niet weergeven -
>
> - Tekst uit oorspronkelijk bericht weergeven -

heartphone

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Nov 25, 2009, 2:22:07 PM11/25/09
to Holistic Quantum Relativity (HQR)
Hi Harb,

So good to hear from you! Yes it means a lot!

My Dutch translation of your book as an E-book has been downloaded
(for virtual money, i.e. for free) already more than 70 times at the
Dutch E-book website!

To me this seems to be the perfect virtual investment. In exchange I
am enabled to download books from others for virtual money too. Some
of them are very good, much information gathered. So it works both
ways.

I intend to type over the English version of your book so I can put it
into an E-book too.
Unless....... you still have the original manuscript and would like to
send it to me?

Your book is of so much value, I can upload the English E-book for
reading on my Ning page to my friends at the Alliance for a New
Humanity.

Many greetings to you and your family and much love from
Mieke
> > holistic-quantum-rela...@googlegroups.com<holistic-quant­um-relativity-hqr%2Bunsu...@googlegroups.com>
> > .
> > For more options, visit this group at
> >http://groups.google.com/group/holistic-quantum-relativity-hqr?hl=en.- Tekst uit oorspronkelijk bericht niet weergeven -

James Williams

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Nov 25, 2009, 4:20:39 PM11/25/09
to holistic-quantu...@googlegroups.com
Scared Sacred :D
Fondly, c
 
~I am a pencil in the hand of a writing god sending love letters out to the world- Mother Teresa~
 
~A clown is like an aspirin only quicker- Groucho Marx~


From: Ross <ma...@rossstokes.com>
To: Holistic Quantum Relativity (HQR) <holistic-quantu...@googlegroups.com>
Sent: Wed, November 25, 2009 6:08:10 AM
Subject: [HQR] Re: 1932: The Unexpected Second Shock
> made it the Great Depression..
--

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James Williams

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Nov 25, 2009, 6:19:27 PM11/25/09
to holistic-quantu...@googlegroups.com
Wellput. Fondly, c


From: heartphone <heartp...@gmail.com>

To: Holistic Quantum Relativity (HQR) <holistic-quantu...@googlegroups.com>
Sent: Wed, November 25, 2009 1:11:30 PM

Subject: [HQR] Re: 1932: The Unexpected Second Shock

Dear Ross,

Fasten your seat belts indeed :)

But you may be surprised that we may be in for a soft landing!

Not sure, everything is uncertainty, but so many differences in point
of view are expressed today in a virtual way.
Could be very well that they are growing faster to concensus because
of it.

Love from Mieke

On 25 nov, 13:08, Ross <m...@rossstokes..com> wrote:
> Hi DK,
>
> Very interesting post...
>
> As we know things are repeated until the lesson is learned so I
> suspect that we will see some form of what you describe of the 29/32
> crash.
>
> Yes, as Mieke says there are some physical differences however the
> fundamental attitudes and values that created the situation haven't
> changed yet.
>
> What it took in the 30's was a war to realign people to a common
> purpose and move them out of the "depression"... a depression of
> spirit, more than anything.
>
> The internet could a be an extraordinary vehicle to unite people
> behind a common cause and create...  however there will be opposing
> forces using it to destroy so it will be an interesting battle.
>
> Timing will be interesting also... will the time-line be accelerated
> as change is more rapid or prolonged because today's communication
> systems provide more opportunity to bail out the problems as they
> arise.
>
> We are in for a ride!  Fasten the seat belts!
>
> Warm regards,
> Ross
>
> On Nov 25, 1:38 am, DK Matai <dkma...@googlemail.com> wrote:
>
>
>
> > Dear Friends
>
> > They will say, nobody saw it coming. Who could have predicted it.... It
> > . Open HQR:http://twitter..com/OpenHQR
--

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Harbhajan Singh

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Nov 26, 2009, 10:51:31 AM11/26/09
to holistic-quantu...@googlegroups.com
Dear Mieke, I think the original publisher can object to the E-book as well on copyright grounds. But while he may not know of Dutch language version and nothing may happen on this count I think you should wait for some time for putting up the Ebook in English. If people can download the book for free naturally they will not buy it and publisher will object. That is though not to say that the book is selling much or that he is giving me any royalty. I even think he is not giving me actual figures of sale.
 
However, you can consult any worldly-wise person on this count and final decision is yours.
 
Love, Harb

To unsubscribe from this group, send email to holistic-quantum-rela...@googlegroups.com.

heartphone

unread,
Nov 26, 2009, 7:01:12 PM11/26/09
to Holistic Quantum Relativity (HQR)
Well thanks James/Cynthia :)

Nice to see you still around here.

Best wishes from Mieke

On 26 nov, 00:19, James Williams <funspbycynt...@bellsouth.net> wrote:
> Wellput. Fondly, c
>
> ________________________________
> From: heartphone <heartphon...@gmail.com>
> To: Holistic Quantum Relativity (HQR) <holistic-quantu...@googlegroups.com>
> Sent: Wed, November 25, 2009 1:11:30 PM
> Subject: [HQR] Re: 1932: The Unexpected Second Shock
>
> Dear Ross,
>
> Fasten your seat belts indeed :)
>
> But you may be surprised that we may be in for a soft landing!
>
> Not sure, everything is uncertainty, but so many differences in point
> of view are expressed today in a virtual way.
> Could be very well that they are growing faster to concensus because
> of it.
>
> Love from Mieke
>
> On 25 nov, 13:08, Ross <m....@rossstokes.com> wrote:
>
>
>
>
>
> > Hi DK,
>
> > Very interesting post...
>
> > As we know things are repeated until the lesson is learned so I
> > suspect that we will see some form of what you describe of the 29/32
> > crash.
>
> > Yes, as Mieke says there are some physical differences however the
> > fundamental attitudes and values that created the situation haven't
> > changed yet.
>
> > What it took in the 30's was a war to realign people to a common
> > purpose and move them out of the "depression"... a depression of
> > spirit, more than anything.
>
> > The internet could a be an extraordinary vehicle to unite people
> > behind a common cause and create...  however there will be opposing
> > forces using it to destroy so it will be an interesting battle.
>
> > Timing will be interesting also.... will the time-line be accelerated
> > as change is more rapid or prolonged because today's communication
> > systems provide more opportunity to bail out the problems as they
> > arise.
>
> > We are in for a ride!  Fasten the seat belts!
>
> > Warm regards,
> > Ross
>
> > On Nov 25, 1:38 am, DK Matai <dkma...@googlemail.com> wrote:
>
> > > Dear Friends
>
> > > They will say, nobody saw it coming. Who could have predicted it... It
> > > 45% from $103..8 billion to $55.7 billion. Although the depression was
> > > . Open HQR:http://twitter.com/OpenHQR
>
> > > . ATCA Open:http://twitter.com/ATCAOpen
>
> > > . @G140:http://twitter.com/G140
>
> > > . mi2g:http://twitter.com/intunit
>
> > > -- ATCA, The Philanthropia, mi2g, HQR, @G140 --
>
> > > This is an "ATCA Open, Philanthropia and HQR Socratic Dialogue."
>
> > > The "ATCA Open" network on LinkedIn and Facebook is for professionals
> > > interested in ATCA's original global aims, working with ATCA step-by-
> > > step across the world, or developing tools supporting ATCA's
> > > objectives to build a better world.
>
> > > The original ATCA -- Asymmetric Threats Contingency Alliance -- is a
> > > philanthropic expert initiative founded in 2001 to resolve complex
> > > global challenges through collective Socratic dialogue and joint
> > > executive action to build a wisdom based global economy.. Adhering to
> To unsubscribe from this group, send email to holistic-quantum-rela...@googlegroups.com.
> For more options, visit this group at ...
>
> meer lezen »- Tekst uit oorspronkelijk bericht niet weergeven -

James Williams

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Nov 27, 2009, 7:46:39 AM11/27/09
to holistic-quantu...@googlegroups.com
My pleasure, thank you for your warm response and welcome. It's nice to be nice, hee heeeee.
So funny....
 
Fondly in gratitude, c
~I am a pencil in the hand of a writing god sending out love letters to the world- Mother Teresa~


From: heartphone <heartp...@gmail.com>

To: Holistic Quantum Relativity (HQR) <holistic-quantu...@googlegroups.com>
Sent: Thu, November 26, 2009 6:01:12 PM
> > > Open and related discussion platform of HQR..
> To unsubscribe from this group, send email to holistic-quantum-relativity-hqr+unsub...@googlegroups.com.

> For more options, visit this group at ...
>
> meer lezen »- Tekst uit oorspronkelijk bericht niet weergeven -
>
> - Tekst uit oorspronkelijk bericht weergeven -

--

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heartphone

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Nov 28, 2009, 5:01:38 PM11/28/09
to Holistic Quantum Relativity (HQR)
Dear Cynthia,

Not only is it nice to be nice, in my 17 years experience on the
Internet it has given me so much
interactive creative response with so many people. And this is going
on, is going on....

Guess when one approaches matter in an artistic creative way, one
receives artistic and creative responses :)

And they are nice and rewarding. They do not cost money at all, only
creative effort :)

Me can only be very grateful for that.

Love in happiness from Mieke

On 27 nov, 13:46, James Williams <funspbycynt...@bellsouth.net> wrote:
> My pleasure, thank you for your warm response and welcome. It's nice to be nice, hee heeeee.
> So funny....
>
> Fondly in gratitude, c
> ~I am a pencil in the hand of a writing god sending out love letters to the world- Mother Teresa~
>
> ________________________________
> > > > 1930..
> > > > All the best
>
> > > > DK Matai
>
> > > > Chairman and Founder: mi2g.net, ATCA, The Philanthropia, HQR, @G140
>
> > > > To connect directly with:
>
> > > > . DK Matai:http://twitter.com/DKMatai
>
> > > > . Open HQR:http://twitter.com/OpenHQR
>
> > > > . ATCA Open:http://twitter.com/ATCAOpen
>
> > > > . @G140:http://twitter.com/G140
>
> > > > . mi2g:http://twitter.com/intunit
>
> > > > -- ATCA, The Philanthropia, mi2g, HQR, @G140 --
>
> > > > This is an "ATCA Open, Philanthropia and HQR Socratic Dialogue."
>
> > > > The "ATCA Open" network on LinkedIn and Facebook is for professionals
> > > > interested in ATCA's original global aims, working with ATCA step-by-
> > > > step across the world, or developing tools supporting ATCA's
> > > > objectives to build a better world.
>
> > > > The original ATCA -- Asymmetric Threats Contingency Alliance -- is a
> > > > philanthropic expert initiative founded in 2001 to resolve complex
> > > > global challenges through collective Socratic dialogue and joint
> > > > executive action to build a wisdom based global economy... Adhering to
> > > > the doctrine of non-violence, ATCA addresses asymmetric threats and
> > > > social opportunities arising from climate chaos and the environment;
> > > > radical poverty and microfinance; geo-politics and energy; organised
> > > > crime & extremism; advanced technologies -- bio, info, nano, robo &
> > > > AI; demographic skews and resource shortages; pandemics; financial
> > > > systems and systemic risk; as well as transhumanism and ethics.
> > > > Present membership of the original ATCA network is by invitation only
> > > > and has over 5,000 distinguished members from over 120 countries:
> > > > including 1,000 Parliamentarians; 1,500 Chairmen and CEOs of
> > > > corporations; 1,000 Heads of NGOs; 750 Directors at Academic Centres
> > > > of Excellence; 500 Inventors and Original thinkers; as well as 250
> > > > Editors-in-Chief of major media.
>
> > > > The Philanthropia, founded in 2005, brings together over 1,000 leading
> > > > individual and private philanthropists, family offices, foundations,
> > > > private banks, non-governmental organisations and specialist advisors
> > > > to address complex global challenges such as countering climate chaos,
> > > > reducing radical poverty and developing global leadership for the
> > > > younger generation through the appliance of science and technology,
> > > > leveraging acumen and finance, as well
>
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