2008 Collapse and America's Richest man

2008 Collapse and America’s Richest Man. John Jacob Astor when he died was said to have acquired in wealth on fifteenth of the entire Gross Domestic Product of USA (GDP) or as Virginia Cowles in The Astors 1979 says ‘It represented one fifteenth of all the money in the United States invested in such industries as cotton, wool, leather, flax, iron, glass, sugar, furniture, hats, silks, ships, paper soap candles wagons- in every kind of goods that the demand of civilization made indispensable’ But whatever the actual amount of wealth represented, the fact was that in 1848 JJ Astor was the richest man. So how did he do it? And more precisely how did he cause 160 years later the collapse of the money system in his beloved New York- Empire State and of course as we all know-Capital of the World? Well to fully understand what he set up and did for the American Continent and for New York you would need to be a Columbia University Professor in Economic Geography with strengths in the Marxist understanding of Economic history. From the end of the American Revolution up until the Irish Potato famine starting as a frontier woodsman skin buyer this remarkable man intuitively understood the politics of how to get trade through New York out of the Great Lakes region rather than the more natural trade flow through Montreal. And purchasing those skins from ripped off American Indians for a dollar to be on sold for 100 times that amount into the luxury goods markets of London and Shanghai …. And if the story just ended there I would maybe consider this man worthy of respect for his hard work and brilliance. But what happened next?- Well maybe in the end the final blame lies partly with a New York Jazz playing Jew whom the Republicans put in charge of the banking system- Young Allen Greenspan. Because if when he was going to the Synagogue he had the opportunity to study and understand the Torah- well he appears to be a slow learner and not to have understood its essence. You see Allan is quite wrong when he says in his autobiography ‘The Age of Turbulence’ 2007 “The presumption of individual property ownership and the legality of it’s transfer must be deeply embedded in the culture of a society for free-market economies to function effectively” and “People generally do not exert the effort to accumulate the capital necessary for economic growth unless they can own it. Ownership, of course can be quite conditional. Do I own a parcel of land outright?.....” Therefore ignorant of his own Torah and lacking respect for the basis of sound sustainable economics that comes from the Hebrew Torah- this Jew is as lost when it comes to the buying and selling and acquiring of land as was JJ Astor at the beginning. And yet Astor proved the very point of the Torah inalienable. So the Astor family proved that by building a totally a NY castle and called it after their German village- Waldorf Astor Hotel- the only real land which they as a family needed. But as soon as the money from the skin trade flowed in Astor spent it on buying up Manhattan Island as an ‘Investment’ and while Astor didn’t invent that idea of buying land as an investment; He as the richest man created an appalling culture utterly distressing for those who suffer as a result of ignoring the Torah’s imperatives when it comes to land, debt, and oppressing the foreigner –Which in Astor’s day was fellow Germans and Irish. At one time Astor and his son owned three percent of Manhattan Island – No not to gift to the growing city for public enjoyment and the betterment of mankind- rather land under some of the most dangerously squalid –highest death rates in the world- Tenement housing in Lower East Side and following the city as it developed. Now the actual details of that the two Astors did are lost because they deliberately burnt their papers ; But they did develop some of the most amazing leases as Cowles relates. ‘By the end of the 1820s a twenty one year lease had become standard Astor policy… all the tenant erected , their own houses and were responsible for repairs and their own taxes…But more often the fine print read that the compensation (for buildings and improvements) would take the form of and extension of the lease at a reasonable rent say for a further ten years. But sometimes it stipulated that the tenant had the right to remove his building if he did so within the ten days of the expiration of the lease!’. Now readers can do their own research into what developed in New York in this critical period when desperate Europeans crowded into New York… But it was JJ Astors Grand daughter in law- Carol nee Schermerhorn who on becoming the social Queen of New York created that part of the Aristocracy for that location- cementing in solidly the way that destructive to true economic growth and sustainable economics and good banking practice –Investment In Land took hold across USA and the world resulting in the toxic debt of 2008 and collapse as a result. Just as the millions arrived into New York so in the 20th century human population took off going from 2 billion to over 7 billion and in ignoring issues of morality, sustainability, and never trading in land which does not rightfully return to it’s enduring family/tribal owners –Torah style… Well appalling conditions developed in New York so that by mid July 1863 the city went out of control and the worst battle of the Civil War took place coming out of the terrible exploitation and misery experienced in tenement housing… Was that 1863 event a prophecy against the New York elite and showing their systemic failure in trading in misery which will destroy America? And why is it- I ask this question on behalf of heaven- Why is it that when Empires totally collapse oft times the land reverts back to jungle or desert littered with the debris that mocks that empire? You see better than New York as a trade port for North America are the cities of the St Lawrence. And in the centuries to come that will be seen as history marches on following the looting burning destruction abandonment of New York- Testimony of the failure of The Richest Man.