Wall Street Crash, October 1929

This post is probably the most valuable post on this website, for the amount of history, learning, wealth and losses it captures, and lessons that are as relevant today, as they were in the Wall Street Crash, October 1929. Please read and share. Thanks.

Claud Cockburn, writing for the “Times of London” from New York, described the irrational exuberance that gripped the nation just prior to the Wall Street Crash, October 1929 and the following Great Depression of the 1930s, the bread lines, the apple sellers, etc. As Europe wallowed in post-war malaise, America seemed to have discovered a new economy, the secret of uninterrupted growth and prosperity, the fount of transforming technology:

“The atmosphere of the great boom was savagely exciting, but there were times when a person with my European background felt alarmingly lonely. He would have liked to believe, as these people believed, in the eternal upswing of the big bull market or else to meet just one person with whom he might discuss some general doubts without being regarded as an imbecile or a person of deliberately evil intent – some kind of anarchist, perhaps.” Continue reading

Book Excerpt – Mein Kampf (My Struggle)

When my mother died my fate had already been decided in one respect. During the last months of her illness I went to Vienna to take the entrance examination for the Academy of Fine Arts. Armed with a bulky packet of sketches, I felt convinced that I should pass the examination quite easily. At the Realschule I was by far the best student in the drawing class, and since that time I had made more than ordinary progress in the practice of drawing. Therefore I was pleased with myself and was proud and happy at the prospect of what I considered an assured success.

But there was one misgiving: It seemed to me that I was better qualified for drawing than for painting, especially in the various branches of architectural drawing. At the same time my interest in architecture was constantly increasing. And I advanced in this direction at a still more rapid pace after my first visit to Vienna, which lasted two weeks. I was not yet sixteen years old. I went to the Hof Museum to study the paintings in the art gallery there; but the building itself captured almost all my interest, from early morning until late at night I spent all my time visiting the various public buildings. And it was the buildings themselves that were always the principal attraction for me. For hours and hours I could stand in wonderment before the Opera and the Parliament. The whole Ring Strasse had a magic effect upon me, as if it were a scene from the Thousand-and-one-Nights. Continue reading

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Top 15 Homeopathic Remedies For Kidney Disease

There are many things that lead to kidney failure. High blood pressure, diabetes, lupus, genetics and kidney stones, to name a few. Kidney problems will lead to chronic kidney or renal failure, if left untreated.

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