What Caused the 1929 Stock Market Crash?

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  • เผยแพร่เมื่อ 30 ธ.ค. 2024

ความคิดเห็น • 154

  • @gingerkilkus
    @gingerkilkus 4 หลายเดือนก่อน +100

    Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

    • @CharlesArthur-fq5sx
      @CharlesArthur-fq5sx 4 หลายเดือนก่อน +3

      Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving

    • @BernardFrederick-tk7un
      @BernardFrederick-tk7un 4 หลายเดือนก่อน +4

      Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.

    • @williamDonaldson432
      @williamDonaldson432 4 หลายเดือนก่อน +2

      After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.

    • @Bellaelena549
      @Bellaelena549 4 หลายเดือนก่อน +2

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    • @Bellaelena549
      @Bellaelena549 4 หลายเดือนก่อน

      @@williamDonaldson432 Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?

  • @LieselKaroline
    @LieselKaroline 3 หลายเดือนก่อน +224

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    • @AmaliaGiselae8g
      @AmaliaGiselae8g 3 หลายเดือนก่อน

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    • @AlbrechtChristoph016
      @AlbrechtChristoph016 3 หลายเดือนก่อน

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      @BerchtwaldElias1EH 3 หลายเดือนก่อน

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      @AlbrechtChristoph016 3 หลายเดือนก่อน

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  • @JIm-w1b
    @JIm-w1b 18 วันที่ผ่านมา +3

    My dad Herb was born in 1921 and he grew up in the depression. As a kid, in the 1960's I hated him for being a tightwad and doing things like bringing home junk washing machines to patch up for my mom, because he was too tight to buy her a new one. Watching videos like this one, makes me understand what made Herb the kind of man he was. He once got angry and shook up at my mom, because she'd written a check instead of pay cash, and it cost 10 cents to write a check. We kids, we couldn't use flashlights to catch earthworms for fishing bait, because batteries were 15 cents apiece. Herb in the 1960's was a machinist and was probably making around $32 an hour in todays money

    • @edwardhayes6111
      @edwardhayes6111 8 วันที่ผ่านมา

      I understand his mindset.
      Common for those who lived through the depression

  • @Beatricegove733
    @Beatricegove733 5 หลายเดือนก่อน +67

    It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...

    • @PatrickFitzgerald-cx6io
      @PatrickFitzgerald-cx6io 5 หลายเดือนก่อน +3

      I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

    • @Justinmeyer1000
      @Justinmeyer1000 5 หลายเดือนก่อน +2

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    • @KaurKhangura
      @KaurKhangura 5 หลายเดือนก่อน +1

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    • @Justinmeyer1000
      @Justinmeyer1000 5 หลายเดือนก่อน

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    • @KaurKhangura
      @KaurKhangura 5 หลายเดือนก่อน +1

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  • @markrichards6171
    @markrichards6171 ปีที่แล้ว +26

    Sorry, Captivating History, but this is a video of symptoms of economic problems, not causes. The causes of the stock market crash and subsequent depression are the same ones causing problems now: Central bank manipulation of interest rates and monetary expansion caused by the criminal activity known as Fractional Reserve Banking, along with massive government intervention in the economy.. Monetary expansion causes the booms, and the busts are the inevitable consequence of the monetary contraction afterwards. And along the way, massive amounts of resources are wasted.

    • @brandonbath6097
      @brandonbath6097 ปีที่แล้ว

      Yup. I figured when I saw the title that it would be this.

    • @Dontdoit_
      @Dontdoit_ ปีที่แล้ว +1

      Government intervention? Lol so government intervention cause the depression but also brought it out of it? Make it make sense

    • @brandonbath6097
      @brandonbath6097 ปีที่แล้ว

      @@Dontdoit_ got us into it. Curtailing it got us out of it. Lol. Man you’re dumb.

    • @markrichards6171
      @markrichards6171 ปีที่แล้ว +6

      @@Dontdoit_ FDR did not get the US out of the depression. He made it worse with his interventions. Government is always the problem, never the solution.

    • @radec5166
      @radec5166 ปีที่แล้ว

      ​@@Dontdoit_ the Government? What?

  • @tonyvaninetti3429
    @tonyvaninetti3429 ปีที่แล้ว +23

    The drought complicated this situation immensely. My mother was born in 1924. The great depression instilled in her very frugal habits. I acquired some and practice them to this day. Unfortunately the lessons of the past are only helpful for those who experience them. History repeats.......

    • @josem588
      @josem588 ปีที่แล้ว

      And me thinking that the only ones with habits of reuse things are Hispanic people

  • @theclickbaitmasster
    @theclickbaitmasster ปีที่แล้ว +13

    This is convenient
    We’re going over this topic in my class
    US history

  • @seph4667
    @seph4667 4 หลายเดือนก่อน +3

    Depression is where trust has evaporated and where quality ceases to be exchanged. Selfishness destroys civilization completely.

    • @kimlarso
      @kimlarso หลายเดือนก่อน

      Toddlers are very selfish by default & out of the depression a lot of boomers (toddlers) were born👉which bore a generation of (infants)👉who bore a generation of (fetuses)👉the rest is history

  • @GeorgeDoughty-m8e
    @GeorgeDoughty-m8e 7 หลายเดือนก่อน +4

    Shenanigans by politicians has caused the biggest problems in US history.

  • @gregorylyon1004
    @gregorylyon1004 4 หลายเดือนก่อน +2

    Stock investors buying shares of stock on margin is what really caused the great depression in my opinion. Buyers were only putting down 10% of the stock price. And when the market lost its value was because only 10% of it was real money. The 90% never existed. It was borrowed

  • @ganrimmonim
    @ganrimmonim หลายเดือนก่อน

    My late father was born in 1929, his brit milah (circumcision) was taking place when news came though that his uncle had been reuened and he dropped dad.

  • @arturoanton2958
    @arturoanton2958 ปีที่แล้ว +4

    Mark Richard's is right.This video is about symptoms of economic crashes not causes.( read his comments below).

  • @LoughBellis
    @LoughBellis 5 หลายเดือนก่อน +3

    Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

    • @NoorFrohock
      @NoorFrohock 5 หลายเดือนก่อน +2

      Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

    • @Odmark-u5f
      @Odmark-u5f 5 หลายเดือนก่อน +2

      I totally agree; I am 66 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.

    • @PhilomenaCopple
      @PhilomenaCopple 5 หลายเดือนก่อน +2

      Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.

    • @Odmark-u5f
      @Odmark-u5f 5 หลายเดือนก่อน +2

      “Carol Vivian Constable” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

    • @PhilomenaCopple
      @PhilomenaCopple 5 หลายเดือนก่อน +1

      I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.

  • @dylanplumley280
    @dylanplumley280 3 หลายเดือนก่อน +1

    The crash of 29 was the end of the “old world” and begun a new age, a modern age. Looks like true art died with the old world as well. Hopefully sanity returns to the world one day and we can have real peace and prosperity again.

  • @ArneHiga
    @ArneHiga 8 หลายเดือนก่อน +3

    I don't agree that the Stock Market Crash didn't cause the Great Depression. Of course it did. While there were other contributing factors the Crash had to be a major cause because many people lost all of their money and life savings in it.

  • @JIm-w1b
    @JIm-w1b 18 วันที่ผ่านมา

    I never have completely understood the famous crash of 1929. I can see how the market went down, and everybody freaked and wanted to sell and this caused the downward spiral that hit bottom, but what I can't see is how, companies like RCA and US Steel and many others, were making big profits and the money was coming in. So why didn't the stock market go back up in a week or so?

  • @stevehartman1730
    @stevehartman1730 10 หลายเดือนก่อน +7

    They try to say the economy was turning around and FDR didn't have to use the NEW DEAL but it takes 2 years for the economy to run its cycle and turn around but Hoover and the Republicans had almost 4 years and the economy was still dead in the water. Hoover and the Republicans got in office in March of 1929 the Stock Market crashed on October 24 1929 Nd stayed dead in the water till FDR got in in 1932. The G. Depression wasn't over but He intervened creating jobs, stabilized the economy n such n made it more palatable. During Hoovers administration there were 28 states with no banks open.😊

    • @mr.g1758
      @mr.g1758 8 หลายเดือนก่อน +4

      Actually, most foreign countries came out of the depression in 3-4 years. FDR caused the calamity to linger on much longer. Amity Shalays' book explains how.

    • @JK-ks3xq
      @JK-ks3xq 8 หลายเดือนก่อน +1

      @@mr.g1758 ....True!

    • @randyrandhawa5347
      @randyrandhawa5347 7 หลายเดือนก่อน

      @@mr.g1758 absolutely wrong. Do your history, We stayed in the dumps for so long cause of republican policies the past decade. FDR brought this country back from the dead.

  • @stonedwalljackson5806
    @stonedwalljackson5806 ปีที่แล้ว +7

    The federal Reserve (which has nothing to do with the federal government)

  • @mikeschumacher9715
    @mikeschumacher9715 ปีที่แล้ว +4

    This is a 20 mile trip to cross the street.

  • @lls3676
    @lls3676 ปีที่แล้ว +12

    Today, it's been 94 years since this happened.

    • @robertoguerra5375
      @robertoguerra5375 2 หลายเดือนก่อน

      And for almost 45 years, everyone is focused on Halloween instead of remembering this warning

  • @artholyoke
    @artholyoke 29 วันที่ผ่านมา

    Pushing people to buy on margin and then have stocks fall because nothing backing them was a recipe for disaster. Everybody acted like stocks would always go up

  • @Raymondjohn2
    @Raymondjohn2 ปีที่แล้ว +8

    I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

    • @audeywolsh
      @audeywolsh ปีที่แล้ว +3

      I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?

    • @maga_zineng7810
      @maga_zineng7810 ปีที่แล้ว +1

      There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts

    • @usieey
      @usieey ปีที่แล้ว +1

      I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.

    • @audeywolsh
      @audeywolsh ปีที่แล้ว +1

      I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you

    • @usieey
      @usieey ปีที่แล้ว +1

      Definitely! All of this happened in less than a year after Catherine Morrison Evans told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.

  • @bobbydinner
    @bobbydinner 11 วันที่ผ่านมา

    How did J.P. Morgan stabilize the market on October 24th, 1929 if he died March 31, 1913?

  • @stevehartman1730
    @stevehartman1730 10 หลายเดือนก่อน +2

    Stefan, get. 3 to 6 months food needs per family member, get some gold n and silver. Get bout 5 to 10 acres of land you can grow food for u n your family, get a marketable skill such as plumbing, electrical, carpentry, masonry etc. To either fall back on or work for yourself. Get all dental n medicals done, get enough meds set aside, forget crypto.get books on raising food n such. Get a milk Goat, get in good physical fitness.

  • @quartytypo
    @quartytypo 4 วันที่ผ่านมา

    The steeper the slope up. The steeper the slope down.

  • @user-zx8de8op9l
    @user-zx8de8op9l 3 หลายเดือนก่อน

    Well done

  • @shangron5796
    @shangron5796 ปีที่แล้ว +11

    No mention of the droughts that occurred during the 1930s, IMO if we had viable farm resources during the 30s things would not have been so bad. At the very least we could have kept people fed and working agriculture. My grandparents were raised in the 30s and installed a deep knowledge of scarcity and not going to far into debt, they were Alberta Canada farmers.

    • @brewmaster0507
      @brewmaster0507 ปีที่แล้ว

      And now "they" control the weather. See cloud seeding.

    • @huntercollins1310
      @huntercollins1310 ปีที่แล้ว

      There was research, but so many thought it was "new fangled" and ridiculous, and wouldn't pay attention. This just added to the misfortune for the farmers.

  • @douglaswallace7680
    @douglaswallace7680 12 วันที่ผ่านมา

    “I’m not so much interested in the return ON my money as I am in the return OF my money.” = Attributed to Will Rogers

  • @claudiamontesbalderas4999
    @claudiamontesbalderas4999 8 หลายเดือนก่อน

    What was the reason for him to at on the flagpole?

  • @JotaroKujo-eu2mr
    @JotaroKujo-eu2mr 6 หลายเดือนก่อน +3

    Hmmmm🤔 reminds me of that cannibalistic radio demon

  • @jahneticz6967
    @jahneticz6967 3 หลายเดือนก่อน +1

    Mafia: Defintive Edition on Xbox Game pass brought me here

  • @V0X6666
    @V0X6666 6 หลายเดือนก่อน +2

    Why I haven’t been that entertained since the stock market crash of 1929 AHAHAHAHHA

  • @sheldonhchambliss1385
    @sheldonhchambliss1385 8 หลายเดือนก่อน +1

    I heard it was a space ship sighting

  • @stevehartman1730
    @stevehartman1730 9 หลายเดือนก่อน +1

    There always has to b a blamed party. Stand up n take responsibility.

  • @christopherlmoo
    @christopherlmoo ปีที่แล้ว +3

    I came here from Alastor from Hazbin hotel.

  • @marknewton3765
    @marknewton3765 ปีที่แล้ว +5

    What caused the 1929 stock market crash....people getting greedier and feeling that they have more entitlement than others....

  • @areaassetareaasset
    @areaassetareaasset 7 หลายเดือนก่อน

    are a asset ailna bawer full as

  • @johnnystewart83
    @johnnystewart83 หลายเดือนก่อน +1

    Greed.

  • @Chuck44442
    @Chuck44442 ปีที่แล้ว

    Does USA govt still buy- up 🧀 cheese, ie, govt cheese. ??

  • @brett_kendrick82
    @brett_kendrick82 11 หลายเดือนก่อน +1

    All that money went somewhere...

    • @gregorylyon1004
      @gregorylyon1004 4 หลายเดือนก่อน +1

      Only 10 percent of that money existed. They were buying stocks on margin. You would put 10% down and finance the rest. So 90% of the stock market money never existed. It was a joke

  • @areaassetareaasset
    @areaassetareaasset 7 หลายเดือนก่อน

    are a laki asset alina markiet bawer full as

  • @trustyshellback
    @trustyshellback ปีที่แล้ว +2

    ⚫🔵⚫🔵⚫
    THE GREAT DEPRESSION STARTED ON THURSDAY 11 DEC 1930 WHEN THE FED REFUSED TO LEND MONEY TO THE "BANK OF UNITED STATES" LOCATED AT 77 DELANCEY STREET IN MANHATTAN, NEW YORK CITY.
    ⚫🔵⚫🔵⚫

  • @misterbig9025
    @misterbig9025 ปีที่แล้ว +2

    GREED

  • @DouglasMoon-w8n
    @DouglasMoon-w8n ปีที่แล้ว +1

    😌🎱🙏☎️🦸🔌👑🎬🙊🪖🫁🎓👃🪤🕶️🧤🪠🕷️🎩📹💰💰💰💰💰💰💰🎧🥅📢💎🏆🏆🏆🏆🏆🏆🙉🏧📀🌐📱🦻🦻🛵🛵🛵🛵🛵🛵🛵🔋📟😘

  • @clarenceawalker1873
    @clarenceawalker1873 23 วันที่ผ่านมา

    PICK LOVE ❤ 1TIMOTHY 6:10 KJV 🦋💍🧞‍♂️🦅

  • @lovinghand7325
    @lovinghand7325 หลายเดือนก่อน

    I didnt understand a single thing

  • @ms.fabb-1ms.fabb-152
    @ms.fabb-1ms.fabb-152 5 หลายเดือนก่อน

    The whole time it was Naked shorting that we, the retail investors in 2024. Facing today . hedges fund and short sellers.stealing money and destroying Companies. Same things wicked 🤔🤔🤔🤨

  • @crosbyllc5426
    @crosbyllc5426 ปีที่แล้ว +2

    I believe the stock market caused the depression, because had not the crash happened, it wouldn't have caused a domino effect to everything else...

  • @red5standingby598
    @red5standingby598 ปีที่แล้ว +12

    What Caused the 1929 Stock Market Crash? DemocRats!!! and there doing it again.

    • @Johnny-kq9wb
      @Johnny-kq9wb ปีที่แล้ว +3

      As if the re-publicans didn’t cause it. Ie calvin Coolidge

    • @That.Lady.withtheYarn
      @That.Lady.withtheYarn 10 วันที่ผ่านมา

      Really you might want to take a better look. Those democrats pre crash, multi decade party switch, became today republicans. Just look at the what they just tried to pull, shut down the government right before the holidays because reds were getting threatened by Dt and musk.

    • @That.Lady.withtheYarn
      @That.Lady.withtheYarn 10 วันที่ผ่านมา

      Those democrats became today’s republicans. And they’re willing to cut social programs to make the rich richer. Multiple crashes

    • @That.Lady.withtheYarn
      @That.Lady.withtheYarn 10 วันที่ผ่านมา

      Third times the charm. Because my comments, that were true, disappeared. Those demo became, through the multi decade party switch, today’s reds. And given what stunt they just pulled to shut down everything before holidays. You should be blaming the reds as multiple crashes in my life happened by them.

  • @BaithNa
    @BaithNa ปีที่แล้ว +9

    I guarantee that if this happened today, people would blame it on "wokeness" lmao

    • @Dontdoit_
      @Dontdoit_ ปีที่แล้ว +2

      Of course, blame everything but capitalism

    • @scottlayne7558
      @scottlayne7558 ปีที่แล้ว +1

      @@Dontdoit_ What would your solution be

    • @Dontdoit_
      @Dontdoit_ ปีที่แล้ว

      @@scottlayne7558socialism for $500.

    • @mrrogersrabbit
      @mrrogersrabbit ปีที่แล้ว +5

      No, people would blame “capitalism” without elaborating further.

    • @scottlayne7558
      @scottlayne7558 ปีที่แล้ว

      @@Dontdoit_ Riveting

  • @SpideyPookie
    @SpideyPookie 10 หลายเดือนก่อน +1

    AHAAHAAHA
    Sooo many orphans

  • @bonniegaither3994
    @bonniegaither3994 9 หลายเดือนก่อน

    Off topic, but cars are pretty much the reason we have such crappy infrastructure and are really only able to drive cars everywhere.
    We need more trains, public transportation, but that will never happen as long as the gas and oil industries remain in power.

  • @rentslave
    @rentslave ปีที่แล้ว +1

    It's not a what.
    It's a who.
    Ellery Queen is not needed for this one.
    It's the usual suspects.

  • @StefanGartner755
    @StefanGartner755 ปีที่แล้ว +19

    I haven’t been so keen on trading crypto lately because I’ve not really made profits since the bearish market…..Any idea how I can make good profits??

    • @kingstonmartinez4592
      @kingstonmartinez4592 ปีที่แล้ว +1

      I've read articles of investors who mentioned Janet Lindsey and her consistency in making lots of money from crypto..

    • @tashagreen7406
      @tashagreen7406 ปีที่แล้ว

      I'm thinking about investing also, any suggestions pls?

    • @JaroslavGolubev
      @JaroslavGolubev ปีที่แล้ว

      Ever since I started investing with Ms Janet Lindsey I encore no losses with an initial investment of $5,500 and I made up to $17,000 weekly.

    • @amandadonald7750
      @amandadonald7750 ปีที่แล้ว

      I just got a new car Thanks to her. And she has helped improved the life of my family and friends. I now make €14,500 weekly . All I had to do is trust her.

    • @LuisellaLorenzo
      @LuisellaLorenzo ปีที่แล้ว

      I found Janet's portfolio some weeks ago online. It was very remarkable and I was so impressed with the reviews. I've made up to $10,000 with her.

  • @Unknown-nt8sd
    @Unknown-nt8sd 4 หลายเดือนก่อน

    I made my first 23 bucks 😎

  • @renbro2409
    @renbro2409 ปีที่แล้ว +1

    Soooooo many people use sooooo many words. Just one word. GREED!!!!!!

  • @stevehartman1730
    @stevehartman1730 9 หลายเดือนก่อน

    Stefan, please get out of Crypto Asap. Theres nothing behind it.

  • @sonofyah-qx8fm
    @sonofyah-qx8fm ปีที่แล้ว

    Lies !

  • @JesusRodriguez-kd8es
    @JesusRodriguez-kd8es 7 วันที่ผ่านมา

    Thats easy, Republicans!

  • @alainplayground9994
    @alainplayground9994 9 วันที่ผ่านมา

    penic

  • @chickentoucher55
    @chickentoucher55 3 หลายเดือนก่อน

    Thanks Joe Biden

    • @ChaosAngel9151
      @ChaosAngel9151 2 หลายเดือนก่อน

      He was still a young 158 year old back then 😊

  • @brandonbath6097
    @brandonbath6097 ปีที่แล้ว +1

    Let’s see if this is actual history, or what all of our third grade teachers “taught” us.

  • @glowshine8102
    @glowshine8102 ปีที่แล้ว

    First here

  • @tomsondles8950
    @tomsondles8950 7 หลายเดือนก่อน

    JOE BIDEN

  • @alithelin1234
    @alithelin1234 ปีที่แล้ว +7

    jews, capitalism

    • @Dontdoit_
      @Dontdoit_ ปีที่แล้ว

      Wtf, Jews have nothing to do with it.

    • @alithelin1234
      @alithelin1234 ปีที่แล้ว +2

      @@Dontdoit_
      capitalism is a jewish invention

    • @alithelin1234
      @alithelin1234 ปีที่แล้ว

      @Appalachian survival
      Capitalism is unnatural and immoral. If you want to have free enterprise and common prosperity you need to have a dictatorship of the workers in the form of a vanguard party that seizes state power to enforce it in the interest of workers. You can’t have the anarchy of capital roaming free with no chains.