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Posted

Can you tell me who said this, when they said it, and where they spoke these words?

During the last two years some of the most notable commercial reputations have been hopelessly destroyed. Men in the great world of trade who were trusted for hundreds of thousands of pounds, around whose characters there hovered no cloud of suspicion, nor even the shadow of a doubt, have proved themselves reckless of honesty and devoid of principle. The fiery trial has been too much for the wood, hay and stubble of many a gigantic firm. Houses of business which seemed to be founded upon a rock and to stand as fast as the commonwealth of England itself, have been shaken to their foundations and have caved in with a tremendous crash!

On all sides we see the wrecks of great reputations and colossal fortunes. There is wailing in the palaces of sham and desolation in the halls of pretense. Bubbles are bursting, windbags are collapsing, paint is cracking, gilt is peeling off! Probably we have more of this to come, more revelations still to be made of apparent wealth which covered insolvency as a rich paper may cover a mud wall?crafty schemes which duped the public with profits never made and tempted them to advance to deeper speculations?even as the mirage of the desert mocks the traveler. We have seen in the public prints, month after month, fresh discoveries of the modes of financing adopted by the villainy of this present age to accomplish robbery respectably and achieve felony with credit. We have been astonished and amazed at the vile tricks and shameless devices to which men of eminence have condescended!
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Posted
CH Spurgeon 1869


Charles Haddon
JANUARY 10, 1869,
METROPOLITAN TABERNACLE, Newington, England.

Remarkable how the exact same words could have been used to describe the market-finance situation today.
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Posted
No one knows?

Was it just said this year by an American visiting England?

Well, we all know that no modern-day American is this articulate! :wink The language betrays that it wasn't spoken recently. Thanks for posting this as a reminder that 1) America is following in the hedonistic, socialistic footsteps of her mother country, and 2) the financial situation of our country is nothing new in the world.

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