A history of financial crisis

After doing a lot of reading because we are indeed in a crisis, I have discovered that by virtue of the element of suprise? we are left holding the bag. If you see my post, "It's in the numbers", you see that in just the last 30 years our wages weren't keeping up with our debts, but we were sold that these things were the way to go in America and you will realize that we are mostly slaves to the high rolling wall street and government crowd.
Also see http://www.smartmoney.com/tradecraft/index.cfm?story=20080714-fannie-freddie-fiasco&pgnum=1 ..."What's been building over the past few weeks is the quiet realization among investors that, when it comes to commerce, trade and their money, the government can basically do whatever it wants." Isn't that a scary proposal? http://www.myfoxla.com/myfox/pages/Home/Detail;jsessionid=A8E958698F19D1962A7B53F7F1FBC736?contentId=7102715&version=2&locale=EN-US&layoutCode=VSTY&pageId=1.1.1&sflg=1Wasn't this government supposed to be US? I really don't believe I would want to pay for everyone else's speculations.

Listen to this lady....

Obviously, we don't know enough.


...and before this was
The New Economy: 1990s to Present
Main article: New Economyhttp://en.wikipedia.org/wiki/Economic_history_of_the_United_States


This graph shows three major stock indices since 1975. Notice the meteoric rise of the stock market in the 1990s, followed by the collapse of the dot-com bubble in 2000 on the tech-heavy NASDAQ.During the 1990s, the national debt increased by 75%, GDP rose by 69%, and the stock market as measured by the S&P 500 grew more than three-fold.

From 1994 to 2000 real output increased, inflation was manageable and unemployment dropped to below 5%, resulting in a soaring stock market known as the Dot-com boom. The second half of the 1990s was characterized by well-publicized Initial Public Offerings of High-tech and "dot-com" companies. By 2000, however, it was evident a bubble in stock valuations had occurred, such that beginning in March 2000, the market would give back some 50% to 75% of the growth of the 1990s. The economy worsened in 2001 with output increasing only 0.3% and unemployment and business failures rising substantially, and triggering a recession that is often blamed on the September 11, 2001 Terrorist Attacks.[citation needed] OCTOBER FIRST, WE'RE IN TROUBLE.

....and before this was
Black Monday (1987) watch: http://abcnews.go.com/video/playerIndex?id=5454373
From Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Black_Monday_(1987)
In financial markets, Black Monday is the name given to Monday, October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short period. The crash began in Hong Kong, spread west through international time zones to Europe, hitting the United States after other markets had already declined by a significant margin.

....and before this was
The Great Depression

Crowd gathering on Wall Street.Three phrases—Black Thursday, Black Monday, and Black Tuesday—are used to describe this collapse of stock values. http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929 All three are appropriate, for the crash was not a one-day affair. The initial crash occurred on Black Thursday (October 24, 1929), but it was the catastrophic downturn of Black Monday and Tuesday (October 28 and 29, 1929) that precipitated widespread panic and the onset of unprecedented and long-lasting consequences for the United States. The collapse continued for a month.

....and before this was
October 1907
http://en.wikipedia.org/wiki/Panic_of_1907


A crowd forms on Wall Street during the Bankers Panic of 1907
From the New York Public Library's Digital Gallery