THE BANKER WHO PREDICTED EVERYTHING

In 1928, the president of National City Bank publicly mocked Felix Somary in front of Berlin's top financiers — then the Dow collapsed 89% by 1932. Somary had predicted the American crash as early as September 1926, warned clients out of Austrian bonds before WWI erupted in July 1914, and told London's Royal Institute of International Affairs in 1930 that the Depression would produce Hitler, not communism. He was a Vienna-trained private banker operating from Zurich who called every major crisis of the 20th century — and was unwelcome at almost every table because of it.🎧 Part of the Sleepy Stock Market series — financial history told as documentary audio.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━SLEEPY STOCK MARKETFall asleep to the greatest stories in financial history.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━#FinancialHistory #FelixSomary #WallStreetCrash #1929Crash #RavenOfZurich #BankingHistory #EconomicHistory #MarketCrash