The Wall Street Collapse
September 18, 2008
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The Contrast: 1929 vs. 2008
Three of the largest five investment banks - gone in one year. Lehman Bros just filed the largest bankruptcy in the history of the nation (by a long shot). We are witnessing the most exceptional economic developments in 150 years, right now.
As the smooth-tongued wizards withdraw, Kevin Swanson limps up to explain it once more. All is not gold that glitters, and the debtor is servant to the lender. Contrasting the current economic situation to that which existed in 1929, he suggests a two-pronged economic plan – trust in God and keep your powder dry.
Three of the largest five investment banks - gone in one year. Lehman Bros just filed the largest bankruptcy in the history of the nation (by a long shot). We are witnessing the most exceptional economic developments in 150 years, right now.
As the smooth-tongued wizards withdraw, Kevin Swanson limps up to explain it once more. All is not gold that glitters, and the debtor is servant to the lender. Contrasting the current economic situation to that which existed in 1929, he suggests a two-pronged economic plan – trust in God and keep your powder dry.
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