Log in

No account? Create an account

Previous Entry | Next Entry

Stock market free fall

Long time readers of this blog will know that I have a "thing" about the Holocaust. Whatever. Anyway, there's a bunch of things that will press buttons for me. And one of the things I always think about is the people who knew ahead of time that it was time to get out of Germany/Europe. So that there were two types of survivors - those who got out/hid/led resistance and those who made it through the camps. And I guess I always kind of think about how you would read the current affairs of your time and *know* that things were turning bad. How do you *know* when to cut and run?

My grandfather was out of Czechoslovakia taking a family friend's daughter to Israel and as he was making his return home, his father sent word not to come back, that things were going bad and that if he never heard from him again, to observe his death on a particular date (I wonder if my mother has that date somewhere?). Imagine getting that kind of a telegram from your father. Most of my grandfather's family, including his wife and two sons, died in the camps. One brother fought in the resistance, and was poisoned. Some of his family did get out though - I visited some in Israel in July. But when I was at Yad Vashem, D told me that my grandfather had worked out that he knew something like 90 or 120 people from his village who were killed in the camps/by the Nazis as they came through.

That's a bit depressing.

Anyway. It's backstory.

So I'm sitting there last night talking about the stockmarket crash and all the banks collapsing with my Dad and the doctor-guy. And I had this really surreal moment. We were in a room, packed with people around a table eating and drinking and celebrating the Rosh Hashanah and there we were discussing the state of the world and what we thought might happen next. How it affects the US Presidential campaign, how safe our money is etc etc. And contemplating the idea of suddenly losing everything. And I was thinking that this would be what it was like back in the 1920s/1930s when people were assessing what was going on in Germany and the war and how bad you thought things might go or what could happen. I know it was probably the shoes I was wearing, and also a little bit of an oldfashioned top, but if I squinted just a bit, and heard a Big Band type song playing in the background, it could have been 1932. It was really surreal.

Then I woke up today to hear that the US market has free fallen more than it did in the crash that caused the Depression.


Sep. 30th, 2008 03:13 am (UTC)
I had a similar moment, when they referred to the biggest drop since just prior to the Depression.

Its interesting to wonder how significant (or not) this day might turn out to be in the future. Kind've like when you think about waking up on Sept 11 and finding everything had changed overnight.
Sep. 30th, 2008 03:21 am (UTC)
Yeah. I hope it's not significant but it's hard to see how the US is not going into meltdown. And as my Dad was saying, this is the election you don't actually want to win - either way, the next term is screwed.

Latest Month

March 2016


Powered by LiveJournal.com
Designed by Tiffany Chow