Minnesota At The Turn Of The Century

 

 

 

 

 

Jöns And Eluf Gunderson Were Wealthy  Potato Farmers

 

 

 

 

 

 

 

Hiram Levy Traveled The Circuit Selling Dreams

 

 

 

 

 

 

 

 

 

 

Hiram Of Loeb And Loeb Stocks

Fancy talking German stock sellers that sold dreams to Norwegian and Swede 'Square Head' farmers. Benjamin Fine could give you 2% at his bank, but the Loebs could sell you Sears and Roebuck stock, and you could make a fortune.
 

 

 

 

 

 

 

 

Blockbuster Has Lost $10 Billion

The once highflying stock had a market cap of $10 billion, is now at $.30 cents ($39 million). Naturally your broker will say "the money was just paper value", and everyone lost, but that's bullsh*t.

Think in terms of 1880.

 

 
   

 

 

 

 

 

 

Whoops!! There Is A Crash

It's the great bank crash of 1880 and stocks take a hit too. Everyone loses, even the goodly Kahns, and Levys.

 

 

 

 

 

   

 

 

 

 

 

 

Think In Gold Coins

The 1880 the good Swedes gave Hiram Levy 30,000 gold coins, and Hiram gave the Swedes fancy paper certificates. And for years Hiram's blood brothers, like Benjamin Birnbaum of 'Birnbaum Dry Goods', talked of riches. Oh, but by an 'Act of God' there is a mysterious financial collapse.

Did the gold coins vanish?

 
   

 

 

 

 

 

 

I Love These Stock Scams

"Market Collapse" screams the Wall Street Journal, everyone loses!! But the truth is the money doesn't vanish, it just changes hands. In 1929 the commercial and residential market collapsed, but the buildings didn't evaporate, they were still there.

Much like the hick at the carnival playing the pea under the shell game. His money didn't vanish, he just got swindled.