Beginning with his inauguration address, Roosevelt began blaming the economic crisis on bankers and financiers, the quest for profit, and the self-interest basis of capitalism:
Yup, history is repeating itself and we are going into the greater depression and probably WWIII. It is also interesting the the economic dynamics were almost exactly the same. It’s almost as if somebody said “Hey, lets do the same thing that got us into the depression and see what happens.
I wonder if there will be a corporate coup to take over Obama like the tried to do to FDR.
“was a political conspiracy in 1933 wherein wealthy businessmen and corporations plotted a coup d’état to overthrow United States President Franklin D. Roosevelt. In 1934, the Business Plot was publicly revealed by retired Marine Corps Major General Smedley Butler testifying to the McCormack-Dickstein Congressional Committee. [1] In his testimony, Butler claimed that a group of men had approached him as part of a plot to overthrow Roosevelt in a military coup. One of the alleged plotters, Gerald MacGuire, vehemently denied any such plot. In their final report, the Congressional committee supported Butler’s allegations of the existence of the plot,[2] but no prosecutions or further investigations followed, and the matter was mostly forgotten.”
Cramer argues that this explains why some American business leaders viewed fascism as a viable system to both preserve their interests and end the economic woes of the Depression.[4]
Interestingly it was wall street bankers that tried to do it and grampa Prescott Bush was one of the crew. Seems he helped finance Hitler as well.
