Comments on: Monster Hoaxes & Stock Market Crashes

By: Cashel

Cashel — Tue, 30 Sep 2008 01:14:05 +0000

Hmm, sort of thought provoking.

Of course, there’s always a possible connection between economic collapse and a worthless paper currency *cough-cough*…but I digress.

In the second to the last photo, I think I can almost see Whitton murmuring to Biscardi, “If you don’t think they’re buying it, tap your foot twice.”

By: HOOSIERHUNTER

HOOSIERHUNTER — Tue, 30 Sep 2008 01:05:01 +0000

You didn’t mention that these events you describe were followed by a devastating world war. If history repeats itself, let’s hope your comparison doesn’t run true to form!

By: red_pill_junkie

red_pill_junkie — Mon, 29 Sep 2008 22:12:28 +0000

Very interesting, Loren. It seems that somehow we’re condemned to relive the mistakes of the past if we don’t pay attention to history’s lessons.

By: Jeremy_Wells

Jeremy_Wells — Mon, 29 Sep 2008 19:28:35 +0000

Interesting Loren. I would think that it has something to do with a “head in the sand” kind of phenomenon. What I mean is that, with inevitable crisis looming on the horizon (as was evidenced in the current crisis by NPR and PBS stories about the inevitable fallout that was coming from the housing bubble bursting long before it became impossible to ignore on Wall Street), people looking for distractions from depressing news grab onto this news of the fantastic as a form of escapism.
For one thing, it functions purely as a distraction. For another it operates as a release, or a way for those who gambled and failed to still feel they are in some way superior, even if it is just to those “stupid hillbillies” who believe in wildmen and boogers.
Still, interesting.

By: cryptidsrus

cryptidsrus — Mon, 29 Sep 2008 17:38:49 +0000

Great post, Loren.
You’re not the only one who sees the fear-mongering and gullibility inherent in today’s market situation.Rep. Marcy Kaptur of Ohio (D) gave speech a couple of days ago saying this could be “distraction” and “fearmongering” run amok. You’re not alone.