Jesseg0815 Yup , people against investing in the market are the 80 year olds you see checking people out at walmart and then going home to their trailer park and top ramen dinner
@@jeremycooper2065 Just ignore her lol Shes clearly a little off her rocker and more focused on these cringy attempts at some type of poetic rhetoric that probably make her feel smart.
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
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.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Lol, since I don't know ANYTHING what I do is buy solid stocks that pay GOOD dividends. If they go down, I laugh and buy. The dividend is actually what matters to me. So far so good.
I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.
most of these strategies and loopholes are better managed by experts and pros in the market, the average Investor on the other hand are left to suffer during a crash.
The issue is people always have the “I’ll have to do it myself mentality” Unapologetically, that’s why the get heavily affected during a crash and coupled with the fact we’ve had the longest bullrun ever in the American history, most folks aren’t equipped to manaqe this crash and it’s impending opportunltles well enough, so it only makes sense to seek proper guidance during these times, that’s what lnvestment-advlsers are for, been using one ever since the pandemc 2020 and I’ve been barely affected by crash, I have $850k in profit sitting in my portfolio and I’m unbothered about the market outcomes.
@@Oly_laura It’s a She actually ,Catherine Morrison Evans, I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat 2020.
Not everybody went broke but at the peak 25.6% of Americans were out of work so the bulk of the population were definitely broke. A quarter of people didn’t have a job and those who did likely were paid little in the jobs they had. So sure some were fine but the overwhelming majority weren’t.
someone is lowering our dollar value, absorbing farmland & businesses.....1 person/entity . america doesn't own itself anymore. all that debt that we have been told about is real.
I got a good job couple of years ago, i remember all my friends told me now you can buy a new car, buy a new house, etc. I told them i dont need any of that i rather save money and prepare for times when i will not have this job anymore.
Bet Addict well done, knowing that you are in a position to be able to help all the friends that are losing cars, house's by being a light in dark times. Good for you 👍. Blessings
@@Mark1959Holladay Why on earth would you help people who have been foolish with their money getting themselves into debt for momentary pleasure? Rewarding stupidity, I don't think so!
There is NEVER a perfect time to buy a home, car, etc because there is a market downturn every 10 years on average in capitalistic societies and a home loan is usually 30 years, cars 5 years, etc..
Jamie Spencer dude every time they mentioned something like TVs going up in price, oriole borrowing, no one thinks the market can go down, I’m like oh shit that’s happening now lol
Yes. Student Loan debt is at an all time high in US history. Consumer credit card debt is at an all time high in US history. Anything else? Not sure but I feel it.
Sure will....the Rockefeller gang is still going strong!!!! Happened in 1987... will happen again so long as the elites are alive.....Rockefeller, Rothschild, Rand, Clinton, Obummer,Gates,Turner, Blomberg, Soros,Sanders, piglousy, mad max waters, warren....all of them!!!!!
@@macclark4112 We'll see if they crash it this September, we already saw the plunge protection team come in just recently the Tuesday after the big sell-off the day before by the bankers. P/E ratios could go above 50 but the true P/E ratios are already well above 100 without all the voodoo accounting and total lies.
Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency. With a decreasing ability to control inflation and a reduction in stock and oil trading, it seems that a new multilateral world order is on the horizon.
It's important to keep in mind that investing is a zero-sum game with both good and bad days. However, by spending and investing wisely and diversifying your holdings, you can minimise risks and maximise gains. Hiring a knowledgeable investment advisor with a wide range of options can help you achieve this and leave little room for regrets.
I personally worked with an investment advisor to diversify my $401k portfolio across multiple markets, resulting in over $980k in net profit from high dividend yielding stocks. With the right guidance, you too can make informed investment decisions and achieve your financial goals.
@@charlotteflair1043 Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.
@@marcelrobert9569 She is Julie Anne Hoover, my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.
@@charlotteflair1043 Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
What would be interesting is an interview with someone who sold all their stock one day before the crash. That's got to be a happy man. I remember I sold all my GE stock in Oct of 2007 at $36. By Jan it was down to $25, and it kept falling all the way down to $6. I would have been wiped out. Why did I do it? I don't know. I just got nervous from the news I was hearing and I was thinking the stock was just too high. I did the same thing with my house. I sold it right before the real estate crash. It was no great insight. The real estate agent asked me why I was selling because prices were just going to keep going up. I told her this house is not worth half what I can sell it for right now; the market has gone nuts. It just seemed obvious to me ... common sense. It certainly wasn't my high IQ. The house sold the 2nd day on the market for 3X what I paid for it. When fate deals you a winning hand ... cash in. Don't get greedy.
What a wonderful thing is most houses like yours in your neighborhood going down to being worth only $20,000 to $ 30,000 and some being sold on auction for as little as $ 2000 while you still owe $ 60,000 on yours.
The USA market crashed in October 1987. I asked myself "does this change my belief about where the stock market will be in 2000?" I quickly decided that the answer was no. I stood pat at 95% equities, 5% cash. The USA market crashed again, 10/2007 - 3/2009. My job was not under threat. I asked myself again "Will the market recover, and when?" I predicted that it would, but not before sometime in 2015. At any rate, I did not change my 95/5 stance. Again, I made the right bet; the market recovered all lost ground by April 2012. However dividends in 2010 were 30% lower than in 2008. 2.19.20 - 3.23.20, the market massively crashed again, and this time I was retired and my mortgage was paid off. I predicted that locking down nearly all first world economies would result in another Great Depression. I also predicted that dividends would be cut as much as 50%. From late February to the present, day to day movements in equities have been volatile, indicative of great uncertainty about the near future of the global economy. To my great surprise, equities have held up thus far, and my 2020 dividend income has been slightly higher than in 2019. All that I have changed is that, for income tax reasons, I have put some money in a fund that invests in B grade debentures. I continue to worry about the possible outbreak of WW3 (e.g., China invades Taiwan), which is why my wife and I keep about US$50K of liquid funds in the country we live in. My house is worth 2.5x what I paid for it, but that is excessive. My largest expense is private health insurance, because socialised medicine in this country cannot be counted to be there when you need it.
@@Getemtone Look now and see what's going on. So many websites advertising stocks and trading secrets and advantages. But that's buying low and selling high, AND NOT REALLY PRODUCING REAL TANGIBLE WEALTH! Money is just a representative of wealth used ONLY as a convenient form of trading one physical goods and services for another physical goods and services. But now it is being used again as a SPECULATION TOOL, A HIGH RISK SPECULATION INSANITY ALL OVER AGAIN!
@Nevaeh Yessenia I do not think you understand the quote. Saying history rhymes means it may not exactly repeat, but follows a similar pattern. Also, how can you say someone is lying with a prediction? Do you know for certain what will happen in the future?
@@aemrt5745 I know for certain I and everyone else will die eventually. That is 100% given. The only thing that is 100% certain in life is death. Death makes life life
the banks learned how to run off with your wealth 100 years later, but the average person has been dumbed down to think videos like this is boring to watch.
Coming out of facing alot, I knew two things about the stock market: It caused the Great Depression, and the fastest way to make a million on the markets was to start with two million. And then the Great Recession happened only a few years later. So yeah, I wish someone had better explained it to me earlier in life. Having a good entry and exit strategy will make you succeed in the stock market.
Exactly, most of the investors pays more attention to the profit aspect forgetting that the market involves ups and down. securing your financial position requires lots of patience and proper education on the market so as to know the right profitable stock to buy and invest in. I made over $260k in profits, from just the Q4 of 2021. Investing in the stock market is most profitable when you understand how the market actually works.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
My son went to a roaring 20’s New Years party this year and I had a sick feeling inside. I realized how similar our life is to the 1920’s. I had no idea things would change so quickly.
What? That comment just shows that you know nothing about the 20s. The 20s were a time of happiness in the country. If anything we are about to be entering the 1930s.
Anthony Hutchins - the 1920’s was a time of excess. As a society we are living in excess, spending too much, living on credit. Our current stock market drops are alarming. I understand we have safety measures in place that didn’t exist in the 20’s. I entered 2020 with such optimism. The virus will impact us in ways we can only imagine.....
We have a socialist president and a militant Fed to bail everything out today. The Fed existed then but not the Fed we have today. Capitalism is dead. 22 million lose their jobs in 4 weeks, the worst retail sales and Empire State manufacturing data points ever, both published on the same day and stocks vault higher. I know bad news is now good for the stock market but give me a break, that’s the trifecta of death.
My grandmother was born 1919 motherless! Her big brother was 2. Thank God they were both adopted to different neighbors. My grandmother was unbelievable! I learned so much from her until she passed at 100. Philadelphia USA
I sure am drooling about which stock to buy...looking at a few airlines...covid will pass and the market will stabilize...especially after the 2020 trump win
@@ywe3 saw so many people saying this shit about bitcoin in 2018..... you're at the dead cat bounce right now. The markets are beyond fucked. Expect a decade long bear market. Do not try to catch a knife here.
Thomas Dority How can I know which companies to invest in? What is a good drop? Also right now I checked and the most famous companies are up now (green). Help a brotha out.
My parents were teenagers during the Great Depression. The misery of that time never left my folks. People were starving and there were no jobs. My mom was 16 in 1929. My Dad was two or three years older. Both my folks were scarred and the "spirit of poverty" never left them.
Not everyone was broke. My grandfather on my father's side owned high priced racehorses and theatres that did very well during that era. My mother and their family were broke.
@@parkerbohnn I believe its going to happen again...and soon. Stay prayed up. A minister once prophesized that Wall Street was going to fall like a tree. And its going to be worse than what happened in 1929, which issued in the great depression. Can you imagine another great depression in our lifetime? Imagine.....crime is going to go through the roof. There will be fires in the big/major cities. All hell will break loose. The Book of Revelation is being fulfilled...all around us.
@@sunnyhill5119 I do follow bible prophesies and we saw one of the prophesies fulfilled with Israel when Trump was president. Wall Street has been nothing but a pigshit ponzi fraud three ring circus sideshow since around the year 1993 with everything 100 percent rigged by all the crooked bankers in America. It's mind boggling to think the DOW could go from the 1,000 level in 1982 to 37,000 when everything got worse with each passing year. I do remember the hammering the stock markets took with inflation in the mid to late 1970's when they weren't the most overvalued ever like today. It still astounds me all these decades these bankers haven't been locked up with the keys thrown away. Only in Iceland were the bankers all thrown in jail. The bible did predict "raging inflation everywhere" "and "not even gold will save you". That sounds like our future is worldwide hyperinflation everywhere. The only way that could change is the U.S. dollar is supplanted as the world's reserve currency. The reelection of Jerome Powell in America makes this much more likely.
@@parkerbohnn The problem is that people.have made money their god. And God, the real and only God, is a jealous God. The world has ignored God for far too long. Prayer was taken out of the schools....then kids began shooting up the schools. God stated that Holy Matrimony was between a man and a woman.....America's highest court has made gay marriage legal. OMG Sodom and Gomorrah were destroyed for these same reasons. The great Roman Empire was destroyed...after existing for over one thousand years. World history proves that any country that turns against the laws of God ends up paying the consequences...and the cost of sin is death. The covid pandemic was a warning...merely a warning. The curses of Egypt are upon the land...not just America...but the entire world . The stage is being set for the Anti-Christ and his mark to come unto the world stage. Money will not save people...money will be made obsolete, worthless. Pray earnestly for the Lord's guidance in these dark and evil times. Read the Book of Revelations...its already being fulfilled. The Four Horsemen of the Apocalypse are already here. Remember one of the horses is Disease and Pestilence...that corona virus did some serious damage. The world is at its end.....Jesus is on His way back. So im glad that i never got into Wall Street and learning about stocks and trading and the like...its all like unto gambling in a casino. And there have always been mighty demons on Wall Street. God bless you and stay safe and prayed up out there.
My great grandparents lived through the Great Depression and were about 30ish when it happened. They weren't that effected because they didn't have stocks and they were farmers. They were still able to grow food and survive through those years. They came from extreme poverty before they came to North America so it wasn't anything new to them.
Some Ernest learned life lessons: You don't really " own " your house. Pay cash always not credit. Debit card not credit card. Buy used car not new. Never buy auto unless you can pay cash up front. Don' t buy the brand , but the best quality at lowest price point . Get a library card, free. Always sign your own checks, and other legal documents. If you loan money to your family or friends , consider it a grant or gift and not a loan. Sometimes the only way job will get done right is if you do it yourself. If you are ultra wealthy don't marry...or else get as fine a pre nup as Possible. wear a condom Brush and floss your teeth. Character is even more important than reputation. Always get it in writing. Try not to borrow Stock a large food pantry. Exercise often.
@@mrleafbeef634 by the time hyperinflation hits... you would probably have to sell your gold at a much lower profit than you bought it for 🤣🤣. Everyone around you will be broke
Kind of scary thinking about how the only “depression” happened during the “roaring 20s” then here we are a century later in the new “roaring 20s” and we may very well be in the only 2nd depression to ever happen.
Great Britain :- 1 trillion point 7 billion of debt and increasing. All the countries assets sold off to multi nationals corporate companies, who pay no taxes, dictate to government and have no accountability. They act in their own greedy interests. 2008 Crash nobody went to prison nobody lost their job. The tax payer ie myself bailed them out. Cuts in health care, education, the social infrastructure. Still no lessons learned from 2008 NO change in the financial regulations in fact secrecy rules the financial system like the secret meetings at DEVROS, and the city of London, where our futures are planed and deals are done by a very few elites. All hidden under the cloak of corporate confidential.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in the US.
As with any big financial decision, it’s important to keep your guard up for economic risks. However, smart planning, time management and seeking advice from a financial adviser can help keep you and your money safe.
@@AstaKristjan I agree with you. I ventured into stock with less than $100K, and now I'm about 17K short of half a million dollars. Credits to Kathleen Yanelli Carole. She's verifiable.
I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next Nvidia in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.
I think the next big thing will be A.I. For enduring growth akin to Nvidia, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Facing a similar situation, I sought advice from an CFP. Through portfolio restructuring and diversification with good ETFs, S&P 500 and growth stocks, I've turned my portfolio around from $200k to over $800k in a few years.
She goes by ‘’Vivian Jean Wilhelm’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
The big losers are always the ones who try to go big, they gamble big, and then lose big. Those who play it safe from the beginning, keep their investments under control, they can usually weather the storm.
@Tyrunner0097 Most importantly, dont be 100% invested in uncertain times. Keep a good 40-60% in cash for a crash. Once you make a good 40-60% on that invested money on the rebound SELL at least half and replenish your cash reserves to 40-60% agsin. People always forget to take profits and replenish cash reserves for the bext downturn
It's really amazing how the historians have forgotten that there were two depressions in the 1920s. The first was just coming off of the Spanish Flu and lasted only 18 months, of course the FED was less than a decade old and our government let the markets clear out the bad debt and the FED sat on the sidelines. If I'm right I believe it started in Jan 1920 and ended in July of 1921, don't hold me to the exact dates as I'm going off a very old and beaten up memory. I think you can find it online but I find the gatekeepers keep wanting to call it a recession, my grandpa lived through it and would tell me about it when I was a boy. He was a farmer in Minnesota and never did trust banks. He told me to always save for a rainy day and silver and gold were real money. I always remembered that advice and now I'm glad I did. Blessings to you all.
@Mark Holladay, there was a post WW I recession that lasted about 6 months and Harding did the right thing and refused to use government force to intervene in the economy and the market revived quite well. Unfortunately that lesson was not learned by Hoover and FDR who were in practice commie/socialists but operated under the cloaks of Republican and Democrat.
Dead ass same here and all this bitcoin stuff was coming up that I know nothing about never interested in. But I figured at 30 I better learn wtf this all is and how it works and BOOM
You trusted TH-cam??? You trust Facebook or Zuckerberg too? You must be a gen z. Zuck said "Your dumb to trust him and he hates you f idiots". Go research you'll find Zuckerberg videos and comments about Facebook users if its not scrubbed
Fed reserve and the treasury is not bothered about stock capital market. They are more concerned about the treasury bond market. They fear the bond market may become dysfunctional and illiquid. Bond yields are one of the important parameter that influences stock market. All stock pundits fail to mention how the bond yields influence stock market. My main concern now is how we are going to achieve all of that given that the market has been a mess for most of the year. I already lost $23,000
Seek advice from a fiduciary counselor they provide personalized advice to individuals based on their risk appetite, placing them among the best of the best. There are bad ones, but some with good track records can be very good
I searched for Deborah using her full name and found her webpage, read her resume, education, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I sent a message and I hope she replies soon
I mean the market has gone up 2000 pts in a matter of days in the midst of an election and second wave. The buying will stop at some point and the market will tank hard.
Ur right no food next then a war breaks out then riots will proceed . I'm watching but its so true remember were deplorables well we r not that most smart people r in crowds of better life people
My great grandparents lived in lower Manhattan at the time just a few blocks from the stock exchange. They didn't own any stocks, they made all their modest earnings working in the garment district. People who had been vastly richer than them suddenly became homeless. Needless to say the biggest impact the stock crash had on my great grandparents was all the rich people that bought fashionable clothes now couldn't afford any. Our relatives out west had it even worse as they were in the dust bowl and the children didn't have clothes but instead wore potato sacks.
My grandfather owned two theatres in New York City and bought racehorses as he got wealthy during the great depression. Everyone on my father's side of the family had money. My father's aunt Ruth was worth more money than Jed Clampett at the time. His other aunt Kitty her husband was Vice President of Ford Motors.
@@knighter2776 Yeah they didn't have any stocks. My grandfather made all his money during the great depression not before it. Today the U.S. stock market is just a ponzi ran by the bankers and U.S. Fed. The Fed will lose trillions of dollar buying up bonds no one would ever want with no one to sell to. They're faced with having to hold on to all of them and inflation will just make the U.S. Fed lose exponentially more money via their bond purchases to keep long term interest rates down. No telling when the U.S. Fed and bankers will implode today's stock market ponzi? I put U.S. stocks today at about 3 times more overvalued than the summer of 1929.
@Opal Allen Making money way back when was easy. Now as I've stated before the U.S. bankers take the opposite sides of any trade that makes sense and push the longs out with their vast amounts of money. Guessing is not a great way to make money. Technicals and fundamentals mean nothing. Waiting out ponzi's can take a long time depending on how long the ponzi's last. Other countries would imprison Jerome Powell for what he's doing to American and the rest of the world.
Sounds like your great grand parents were smart people. Imagine that, working for a living. What a novel idea, wish it would catch on today. My dad was born in 1907, married in 1938. I was the last of five children. Stay safe and GOD bless.
On that day, my mother was 18 years old and working in a bank in New York City. I remember her talking about the chaos and panic she witnessed. I hope this generation doesn't have to go through another great crash, although it wouldn't surprise me if it should happen.
It will only be a crash for the general public as all the bankers who run the stock market fraud ponzi will be the first ones out. It's been nothing but a three ring circus sideshow since around 1993.
My Aunt, who lived a few months short of 100 years old would talk about the Great Depression. She said it didn't have any effect on the family at all. My Grandfather had a dairy farm, a dairy that sold dairy products and a full time job in a foundry. Naturally, all 7 children chipped in on the farm. They grew their own food and had an orchard with different types of fruit trees. The farm had a telephone but no electricity until after the war. They also raised pigs and chickens for personal consumption, with a few sales to help make it through the year. My aunt, who was born in 1910, would say "Depression? What depression?" The family was much better off in 1940 than in 1929. My grandfather grew the business from a run down farm to owning a cattle auction business, two dairies and bought and sold land as a side gig, all built up during the Great Depression. He also kept working at the foundry until he retired in 1948. My Grandfather was well known for being "tight" with his money and for being a tough negotiator. It must come from that Black Forest frugality. He came over with my Grandmother from Bukovina in 1909, when he was 26 and had only a few dollars to his name. 20 years later he was in a position to ride it out until things turned around
David S If your paying 300k or 500k. To live in a 💩💩💩 hole. You need to sell your house an move out in to the country. I live on two acres in a 6 bedroom home paid 22k in 2018. It was built in 1841. I’m completely redoing the house. We have lots of cheap homes in northern Michigan Make the move. I live in Detroit for 5 years in the hood 48228. Horrible area.
The wealth didn’t go away, it just changed hands. It is my understanding that a lot of people doubled and tripled their wealth. Unfortunately the average Joe was not among them
No that’s not how it works. Money is created out of nothing when you give them a loan or allow them to buy stock on margin. It causes prices to go up. That’s what a speculative bubble is. When it pops, all the fake money that was lent out and disappears. Bc it was never there in the first place. No one made off with this fake value lol. Stop peddling dumb theories
Still don't understand what caused the market crash, why did the buying stop? who were the buyers? and did they stop in a concerted effort, if so why, if not was it a systems error? Still leaves many unanswered questions.
@@BlaaqboxfilmsEntertainment -- It was rigged by the ELITES to take over the market as they did, noticed they started buying right away to prep up the economy, THIS IS VERY FAMILIAR EVERYTIME THERE'S AN ECONOMIC PROBLEM/LOSS THEY DO EXACTLY the same thing, put a band aid on the hemerrage 🤮😠🤬
I recommend diversifying your investments by considering stocks alongside real estate. During a recession, there are potential buying opportunities in the stock market if approached cautiously. Additionally, market volatility can offer short-term buying and selling opportunities. However, please note that this is not financial advice. It's important to be proactive in investing as cash may not be the most advantageous option during these times.
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
My Great-Aunt (who lived to be 101) personally witnessed people jumping out of the windows of high-rise buildings in downtown Chicago where she worked the day of the crash. It definitely wasn't all hearsay. Many people lost everything. When she turned 100 in 2009, the local newspaper ran a lengthy article of her 'bio', and her memories of that day were included.
@@djh9816 ...Yes! My husband's Great Grandfather left that village in 1879 (if I remember correct) and settled in North Dakota. His grandson, my husband's uncle, spent many years compiling the family history. He and his wife eventually made the trip back to Holland to the town his ancestor's came from. He said as he walked down the street (1970's) people wold look down at them and then grab their shutters and shut them. He then called out that he was a Moerdijk...and people came down to greet them!...LOL We would travel every Christmas to his house and the entire family would meet up. The last few Christmases before he died there were over 70 of us. I would always want to sit near him to hear all the details he would recount...even though it wasn't my blood kin. I ended up starting Genealogy back in 2004 myself, partially due to Uncle Glen's stories. We have a book of compiled info on the whole clan. The spelling of Moerdijk to Moerdyk happened pretty much as soon as they got to the US. By the way.... are you from the Netherlands?
It'll be a lot worse this time around as the U.S. stock market today is about ten times more expensive than it was right before it crashed in 1929. This time around when the pure ponzi better known as Fraud Street finally implodes they should be pushing the bankers out of the windows to their death.
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.
I recently saw another documentary on the Crash and Great Depression, and the narrator told the story of a man who, over the course of his working life of 40 years, had managed to save $1,000. Unfortunately, the bank he had saved its money closed, and he lost every penny of that savings account. There was no FDIC at that time. In his despair, he returned home and hanged himself in his basement. This was a person who chose what seemed to be a conservative, but safe place for his savings. He certainly wasn’t risking it on Wall Street. He had worked hard, and was left with nothing.
That's not good news chief. We are all now getting to actually see and experience the poorly hidden fact that how the stock market functions has very little to do with the average person and how few of them are actually Heavy Hitters . You could probably fit all of them in the Rhode Island phone book and still have enough space leftover to include maybe a quarter of their criminal records as well!
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of markt condition, but such execution are usuallv carried out by investment experts or advisors with experience
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, invt-advisors are ideal reps for investing jobs, and at firsthand encounter
this is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy
*Alicia Estela Cabouli* is the advisor that oversees my portfolio. She's been able to gain some reputation and online recognition with over two decades in service, so it shouldn't be a hassle to find basic info.
Man I’m amazed at how history is repeating itself. Funny thing though, as I’m watching this I’m getting TH-cam ads about how to trade and get massive returns on the stock market
actually it's the best opportunity you may ever see, it's close to occuring once again, this is the greatest transfer of wealth we have already entered but most ppl are
Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figures in 3 months, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement
@@DavidAntony-gq7id lookup MARTHA ALONSO HARA , this is her name online, she's the real investment prodigy since the crash and has helped me recover my loses
@@DavidAntony-gq7id Investment now will be wise but the truth is investing on your own will be high risk. I think it will be best to get a professional👌
Mr Jones ...eXACTLY CORRECT NAIL IN THE HEAD SIR.... ANYBODY CAN CHEAT CODE THERE WAY 2 THE TOP.... BUT WHEN IT COMES DOWN 2 SOMETHING TINY LIKE GIVING THE NEXT GEN/offspring ADVISE ONE WOULD SUDDENLY REALISE U Shortcut Ed URSELF THE FOUNDATION OF A USELESS SH!T BAG.
Yep kinda like being a drug addict. Your satisfying your addiction for the moment, but sacrificing literally everything else to do so....health, state of mind, relationships etc. playing the stock market is almost identical to being a drug addict
lee roden wow! I’m doing exactly what I knew was wise for me to do 6 months ago when the market was high...have 3-6 months emergency fund, save 15% for retirement, live within means! Best time to buy into the market and a good retirement is when those funds are on sale!!! Rich people usually don’t try to time the market so I want to do what rich people do! Always be buying is my motto for my retirement!
@@erichkaufmann5284 Yes it has been availible since 1968 but the housing market was the way it was for 30 years before crashing. As we all know, housing loans are taking way more often and with a lot more money. Its possible that it could be student loans crashing along with other loans as well this time around. I suppose only time will tell what the main bubble is.
My grandmother lived through the Great Recession. She was a young girl when everything first started to fall apart. I don't know all the details of what she went through, but she was very, very, very careful with money during her entire lifespan.
And incurred even more through the New Deal, then military spending for World War 2, the Marshal Plan, Korean War, Cold War, Vietnam War... The MIC has been seeing us through for over a century along with the Federal Reserve Bank, as much as I hate to admit it. But it's all not too different in spirit than a massive Ponzi scheme. We've been broke since the panics of the late 19th Century, perhaps earlier. The average American today is scarcely better off wealth wise than the average American of say, 1850. The only constants are debt and inflation. True wealth creation is rare and comes slowly. National (self-reported, of course) GDPs are always overstated...politics and greed.
@@timmyotoole7312 If they ever get the Fed funds rate above the inflation rate inflation is meaningless to me. With the reelection of Powell at the helm of the Fed America is looking at hyperinflation once the midterms are over. Of course they'll lie saying inflation is coming down coming into the midterms then inflation will skyrocket in 2023.
No, the debt destroyed everything. Look at the reverse repo market today, it's at record highs. Last time it was at record highs, was the 2008 crash. If lenders aren't supervised, they'll just keep lending money that doesn't even exist. It's great for them too, why not make interest on more technical IOU's and other loopholes. I'm sure these funds spend millions on lawyers to study laws constantly to find new loopholes they may have missed. We fight the culture wars, while they fight the class wars.
An excellent documentary. In 2008 when everything went to hell in a hand basket our county was hard hit. The list of foreclosures listed daily grew and grew. My husband and I watched our neighbors lose their homes and land. We had our home and ten acres with a mortgage of course. Fortunately our home mortgage was our only debt. Our car was paid for, we had no credit card debt, and everything in our home was all paid for with cash. We had savings and felt relatively secure but had no idea the bust had just begun. My husband worked for a large corporation. His boss called him in one morning and laid him off. No severance. Eventually most employees over 50 were booted. They could hire young people at a third or half the cost keeping an injection of cash in the business. Interestingly, not one person was asked if they would be willing to work for less money and that was because of benefits basically health insurance which the company funded 100%. They couldn’t just take that away as all these older employees had written contracts guaranteeing this. New employees would have to pay 51% of their health insurance with higher co-pays reaching into the thousands each year if they had any real medical issue, and greatly reduced benefits such as no maternity coverage. Ironic as the majority of those laid off had finished having kids, would have agreed to drop this off our insurance if asked but those being hired were at the beginning of having babies. Now we have our mortgage and a huge Cobra payment each month to keep our health insurance which we could for 18 months. As we watched our savings dwindle even after cutting every unnecessary dollar out of our budget-satellite tv gone, thermoset set so we had a cold home in the winter and a hot home in the summer, no tub baths and quick showers, no outside watering except our vegetable garden to get our electric bill and water bills as low as possible; phone land line canceled, cell phones cut to the lowest basic amount possible; no new clothes; and we managed to cut our grocery bill by two thirds. We didn’t feel bad however as every week we were helping neighbors load up their belongings as they lost their homes to foreclosure with tearful goodbyes to them. We were hanging on by our finger nails as my husband traveled far and wide looking for a company that was hiring. Even though he had an Engineering degree, an excellent reputation in his field, no one was hiring. My husband did eventually find a job. We had two more months of savings to cover our mortgage and health insurance. We had both decided we would go to work anywhere, McDonalds, one of the grocery stores, anywhere to bring in money when he got a job where we could stay in our home in Georgia as he traveled and worked on the east coast. Surprisingly the company had health insurance which kicked in after 30 days. Dropping that huge over 1800 dollar a month Cobra health insurance payment was so satisfying. So we started over with a little savings but we had managed to keep our home and with his first paycheck we splurged buying new underwear.
This tells me, be willing to work anywhere to begin with while still looking for a new job. Some money coming in is better than none. You could have worked at McD’s or grocery store, etc from the very beginning of his job loss.
WHEN THE STOCK MARKET CRASHED IN 1929 IT WAS STAGED. IN NEW YORK CITY THE HEADS OF THE MOST RICHEST AND MOST PROMINENT FAMILIES BEING THE DUPONTS, MELLONS, PIERPONTS, BARUCH'S, HAD A SECRET DINNER IN MANHATTAN WHERE THEY ALL SAT DOWN AND UNDERMINED A SCHEME TO SELL OFF NEARLY MOST OF THEIR STOCKS THEY OWNED AT HIGH PRICES SO AS TO CREATED A PANIC OF THOSE STOCKS WHERE THEY DROPPED DRASTICALLY IN PRICE SO THAT THEY WOULD THEN GO IN AND BUY THEM BACK ON PENNIES TO THE DOLLAR. IT WAS TOLD TO ME YEARS BACK THAT THEY "PULLED THE PLANKS FROM OUT FROM UNDERNEATH THE STOCK MARKET". THESE WERE THE EXACT WORDS. THEY NEVER REALIZE FROM THEIR SHEER LUST OF MONEY THESE RICH MEN WOULD BE RESPONSIBLE FOR SENDING THE WHOLE NATION INTO A DEPRESSION. THIS IS THE TRUE REASON THE MARKET CRASHED.
@@nopenope1186 OF COURSE THE RICH BECAME VERY POOR. THE STOCK MARKET HAS ALWAYS BEEN A RICH MAN'S GAME AND STILL IS TODAY. STOCKS ARE NOT MEANT TO BE HELD ON TO FOREVER. THEY ARE TO BE SOLD AS THE STOCK PEAKS WHERE MONEY IS MADE, THEN REINVESTED IN OTHER AREAS OF STOCKS WITH THE ANTICIPATION THOSE STOCK WITH GO UP IN VALUE. AND WHEN THESE STOCKS PEAK, THEY ARE AGAIN SOLD OFF MAKING A PROFIT AND THEN A PORTION OR THE ENTIRE AMOUNT IS REINVESTED. IT THE SAME AS GAMBLING. I WORKED IN THE STOCK MARKET BACK IN THE 1980'S WHEN I WAS A STEAM FITTER IN THE 638 LOCAL HERE IN NEW YORK. I DID THE MOST INGENIOUS THING BACK THEN. I WORKED FOR A STEAMFITTING COMPANY CALLED A.D WINSTON. I WAS THE HEAD TROUBLE SHOOTER OF THAT COMPANY THAT MY BOSS ALWAYS SENT OUT TO TROUBLE SHOOT PROBLEMS, NOT EVEN THE ENGINEERS WHO DESIGNED THE SYSTEM COULD FIND. I DID THAT FOR A.D. WINSTON FOR YEARS, I WAS A BIG ASSET TO HIM. HE SENT ME AND MY PARTNER TO THE NEW YORK STOCK EXCHANGE TO REPLACE A FLOAT SWITCH ON THE COOLING TOWER WATER ON THE ROOF. THIS PARTICULAR SYSTEM HAD THE COOLING TOWER WATER ACCUMULATE IN A BIG SWIMMING POOL ON THE ROOF, WHERE IT WAS THE RUN OFF FROM THE TOWERS. THE FLOAT SWITCH WAS IN THE SIDE OF THIS POOL AND THEY WERE GOING TO DRAIN DOWN IN BETWEEN TRADING SESSION DURING LUNCH TIME. WHICH I REALIZE WAS NOT A GOOD CHOICE BY THE HEAD OF MAINTENANCE TO DO IT BETWEEN THE TRADING SESSIONS. BECAUSE I KNEW THIS COOLING TOWER WATER COOLED THE AC ROOM COMPUTERS AND GOD FORBID THEY DRAINED DOWN AND SOMETHING WAS TO GO WRONG. IT COULD HAVE KNOCKED OUT THE AC UNITS AND OVERHEATED THE COMPUTER ROOM AND SENT THE ENTIRE STOCK MARKET CRASHING DOWN. SO I GOT A PIECE OF THICK CARD BOARD AND GRABBED MY PIPE WRENCH AND LOOSENED THE FLOAT SWITCH TO WHERE IT WAS HOLDING ON BY A THREAD OR TWO. I THEN UNSCREWED THE FLOAT SWITCH AND PUT THE CARDBOARD BEHIND IT TO KEEP THE WATER FROM DRAINING. THEN INSTALLED THE NEW FLOAT SWITCH. WHEN THE MAINTENANCE GUY CAME BACK UP TO THE ROOF I TOLD HIM IT WAS DONE. HE TOLD ME HOW DID YOU DO IT AND I SHOWED HIM AND HE WAS AMAZED. I SAID IF HE WOULD HAVE DRAINED THE TOWER POOL DOWN AND SOMETHING WAS TO HAVE GONE WRONG AND WHEN TRADING RESUMED, AND THE COMPUTERS WOULD HAVE OVERHEATED AND GONE DOWN. HE SAID WE ALL WOULD HAVE BEEN IN BIG TROUBLE. IT WOULD HAVE SENT THE ENTIRE STOCK MARKET CRASHING DOWN. HE KNEW WHAT I DID AVERTED ANOTHER STOCK MARKET CRASH. I TOLD HIM MAINTENANCE LIKE THIS SHOULD BE DONE AFTER THE STOCK MARKET CLOSES. THIS WAY YOU HAVE THE REST OF THE DAY INTO THE NIGHT TO RESOLVE A PROBLEM THAT POPS UP OUT OF NOWHERE. IT WAS BY THE WILL OF GOD I WAS THERE THAT DAY AND DID WHAT I DID, AND ALSO WHY I POSSESSED THE LITTLE KNOWN FACT NOBODY KNOWS HERE. KNOWLEDGE I ONLY POSSESSED NOT WRITTEN IN ANY HISTORY BOOKS THAT I POSTED ABOUT THE SECRET DINNER WHERE THEY HAD TO DUMPED THE STOCKS WHICH CAUSED THE STOCK MARKET TO CRASH IN 1929. I LIVED THE MOST INCREDIBLE LIFE AND WHEN MY BOOK IS FINISHED IT WILL SHOCK ANYBODY WHO READS IT. NOTHING LIKE MY STORY EXISTS IN THE ENTIRE WORLD. THE CLOSEST STORY TO MINE BUT STILL DOESN'T SCRATCH IT. IS ROGER MORNEAU'S - A TRIP INTO THE SUPERNATURAL.
@Dennis Not at all. It's completely incorrect. If you think these big firms all sold out at the very top and didn't suffer massive, massive losses because they drunk their own Kool-Aid you're mistaken. When billions of dollars of shares drop through the floor it hits everybody really hard. It hits the rich way more than the average joes but the rich are lucky enough to have enough cash left over that they are still wealthy at the end. Doesn't mean they didn't lose boatloads too though. When stock prices drop, the "money" literally disappears into the ether.
Uh, I don't think you quite understand how stocks and shares work If you own 100 shares of company X, and then the value for these shares lose £3, you have 'lost' £30. Because if you were to sell these stocks, you would be short by £3 on each share. If we want to be pedantic, the value of many stocks and shares lost a lot of value, so many peoples assets lost value, so their net worth went down. But that is a mouthful, so we say that the money disappeared.
In the perspective that it is a material, that quickly disappears and becomes invisible and sometimes reappears (if you're fortunate) is collaslally magical 🤔
That’s not how deflation works. The underlying value of the stock or thing or whatever really can just “disappear” and become worthless as soon as no one wants it! The real mind blowing idea is that people that own, say, $100k in stocks don’t really have $100k of wealth until they sell it. And “selling” usually just means converting it into fiat dollars, which potentially can also lose value if people no longer want them (see Weimar Germany). Gold is safer, given its long history as a store of wealth. But in the most apocalyptic situations, it will only be food, water, and guns that have any value. Everything else would deflate in value.
This doc talks about the overspending, excessive buying on margin, bank failures, and everything else in the history books. But I like the part where it discusses consumer culture, and how luxury goods became necessities.
The political extremism will come before the war. I expect the USA to become extremely nationalist in the next 10 years, enough that they can enact a draft without too much crying.
people ordinary people, does not have much of choice. they will try put money on stocks or some risky investment because banks cannot allow them safe and profitable investments. they have the choice to put money in the banks and wait for time erode their savings. in the end its a riches game
@@theman2017inc As long as you let government run the education system, of course they're not going to want you to learn the truth about all the crimes they've committed. Government caused the Great Depression. Government is always the culprit, or the negligent, incompetent fool letting the calamities happen right under their noses.
My father was born in 1932. His family was broke before the Great Depression, so they didn't have as far to fall. He told me he started to recover from the Great Depression after he got back from the Korean War.
Very good and enlightning documentary. In "recent" history we had 3 enormous bank and economic crises in 1893-1897, 1929-begin WWII and 2007-2010. As it is said in this documentary: History repeats itself, time and time again. Unfortunately man's folly and greed are much stronger than reason and restraint, particularly in financial affairs. Beware of investment bankers and speculators.
Online Ad Firm that’s irrelevant. The 2008 financial crisis has cost every US taxpayer roughly $70,000.00 over a lifetime. That’s money that’s already gone and no amount of capital returns will bring that back- all because of greed and speculation.
What is explained in this doc is EXACTLY what is going on today. Make no mistake .... "history repeats itself" is a universal moniker, and it is true, because people's behavior does not change, only the circumstances and context.
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THIS time its not the idiots with too much money, and not enough common sense. they intend to STARVE us all into obedience. false flag atttacks on 51 food processing plants thus far, forbidding crop growth , milk production killing livestock as 'excess' it goes on. its time to HANG some bankers
IKR we have homeless living all over the country. I seen this coming 5 years ago cause prices keep going up every year, but income stagnant. They got us in the squeeze. Ain’t much left to squeeze.
It was explained to me that 1929 was essentially the biggest first bubble to get popped in the American economy. Stocks were ridiculously over-valued and that had to reset eventually, and eventually turned out to be October 1929. Since then we've had regulations put into place to try to prevent the same sort of shenanigans that caused 1929 from happening again but wheelers and dealers keep coming up with new shenanigans like what happened in 2008 with the housing bubble.
Biggest problem was that people were borrowing money to buy stocks. This had nothing to do with causing the depression. The depression was caused by people speculating on land in California and Florida.
Consumer spending suddenly dropped about 10%. It was triggered by the Middle Class. People are only going to buy so many cars, radios... Modern economies are based on ever-increasing consumption.
If you’re experiencing a dwindling portfolio, it’s important to reassess your investment strategy and consider making changes to your portfolio. I diversified my three-funded portfolio by investing 50% in a total U.S. stock market fund, 30% in a international stock market fund, and 20% in a total U.S. bond market fund. My $500K investment has grown to over $3.2M within a few months
You know they always say that people and industry lost their money, my grandmother included. But if people lost their money, what I want to know is who got all this money?? It had to go somewhere. Someone had to receive it, it just didn't vanish in thin air. Who got it?? Was it the government??
I'm reminded of my studies in fashion and dress several years ago. It was noted that skirt length trends corresponded with how the economy was doing. Skirts got shorter when booming, longer when recession. We went into a maxi skirt trend after recession a decade ago.. if you haven't noticed, skirt trends lately are incredibly short. I believe it's because wealth tends to be a catalyst for loose morals. Isn't it amazing that the downtimes cause us to be more conservative? It's almost as if we realize we aren't invincible and hard times remind us of a greater power, which induces humility and modesty. History speaks.. yet we keep repeating it.
@@jonsanchez141 Did you even read my comment? Talking about fashion, which is generally a woman topic. Men seem to follow women as from the beginning... Women are very influential in the morality of the nation and have always been. You are blind if you can't see that.
My grandfather lost everything. They went from having maids and living in great comfort to having to shoot rabbits to put food on the table. My mother was only nine yrs. old and her entire life was spent working and trying to help the family. Eventually, she was sent to live with my great grandmother so she could finish school.
Good story. Thanks for sharing. One can only imagine what life in the dustbowl must have been like as the wheat and corn markets crashed alongside cotton all of which was cheaper to have imported from elsewhere .Besides the financial crash the drought that went on for years in the dust bowl did the rest . The result abject poverty amongst the farming community also not just city sharks.
Many thinks bitcoin investment is only profitable when the market price is going up but from my knowledge and experience I can boldly say to you that investing in bitcoin is profitable both in bulls and in bears all you need is the right information
True! Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The stock market has plenty of opportunities to earn which I myself took advantage of. I made my first million from going diverse, mainly ETFs(stocks, bonds etc), bitcoin , and gold. I'm also working on an investment plan that includes NFTs with my advisor, Marion . It's been a year and half of steady growth.
Same here ,It's strange how people talk about all the profits, they've been making through investing in bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that bitcoin investment is one of the profitable money exchange services that elevates investors and their financial status.
@@ka9fon Fortunately, you can better yourself AND not compromise your soul. I might say more, but the same famous person advised against judging others.
@@sampetrie340 judging must be done in deep humility and governed by the Word of God. If you're redeemed by Christ, He will keep you from this greed that loses souls. In 2 ways...by His deep love that affects your heart. Or He will chastened you deeply by causing you to lose riches, Ill-gained. Or even taking you home. But my actions do not contribute in gaining salvation. But the grace of God should affect one's walk. If it doesn't, something is wrong with their faith. Don't be surprised if many rich and powerful, who defrauded people in the 30s, always were in church on Sunday morning. It won't profit them anything on Judgement Day.
Roj Blake ... the "trick" is to destroy the family unit. Think about this: You and your wife have 12 kids. They have 12 kids. Those kids have 12 kids. In about 4 generations you will have 10s of thousands of blood related kinfolk! This is what Cain/Vatican set about to destroy! The money masters set us up into believing money is the be-all end-all when the greatest wealth of all time is the number of children one has! If you have 20,000 kinfolk and you don't like what government is doing you can have heads on a stick in no time. However, vatican has been slowly giving back the ancient technology to us in the form of slavery ... we can't beat their military ... their pHarma ... their money systems! And women, men are at fault to a large degree, are looking for fame and fortune ... breaking the glass ceiling ... once they chase fame and fortune by their mid 30's they find out the lie, their biological clocks are running down and they become SWANKS .... (single women and no kids). Your best investment is 200 acres of land then move in the relatives ...expand ... like the pagan Mennonites and pagan Hutterites and their colonies! God created man and man created money.
The thing is, in 1929 this was such a massive shock. Now the narrative is that a crash or boom and bust is just part of the system. Think its safe to say that when we live in a system where most of us suffer from a crash, its probably not a good system. In my 30 years on this planet I've lived through 5 major recessions. No wonder people are jaded.
Human history is well planned out way before it happens by those who control the world. Money and power rules our world, otherwise we wouldn't have such things as wars, pandemic, great depressions.
@@turbo8454 Agreed. I have suffered through greed and was subsequently and rightly wiped out from my own ego and arrogance. I read another idea about why we repeat history.. You never really learn unless you go through it personally.. That's why there are 4 turnings during a century time span.
I've spent a lot of time studying economics & finance - the history of it in the United States. One thing I noticed about economic crises in the United States (and they happen more often than you think). There is one bank that always seems to figure out what is happening, what could happen, and then decides not to take the risk watching all around while the competition gets over extended. Then. When the crash happens. JP Morgan buys one or more of its competitors when the competitor is going to file for bankruptcy, getting the competitor at a discount. In 225 years this bank has bought more than 1200 of its competitors. Oh they get dirty too. But they never go in as deep as their competitors and reap even more rewards when it is time to clean up the mess.
I was almost ruined by the 2008 financial crisis - so I can say - what you learn watching this video could save your home, your family, your life and your future - please watch it.
@@Jme--- I really acknowledge your comment, I recently started trading but i have not been able to make much, I am envious i've been in the red for too long even before the dip. how do you invest?
@@Mcdd7-_- My portfolio is very much diversified so it's not like i have a particular fund i invest in. Plus i don't do that myself. I mirror the trades of Freda Lynn Johnson, a US regulated broker and she has been very consistent with my portfolio has grown at a tremendous pace & it only mirrors what. She trades not just on some particular industries of my choosing.
@@Jme--- That's impressive I copy trades in forex too with an MAM account which is also an aspect of algorithmic trading. If Freda Lynn Johnson is this good, I would love to try her out. How do i get in touch?
My wise and hard working "salt of the earth" grandfather and great grandfather built a still standing wholesale produce warehouse with freezers and a freight elevator in 1919. A good position to be in when the Stock Market crashed ten years later. They spent the whole depression years in comfort driving Packard cars and in business without interruption. But it was a tough business, and few people among us would have the right stuff to maintain it. When all of those displaced stockbrokers were out on the street selling apples from a cart, who do you think was selling them the apples...???
I used to think every investor lose out during recession, meanwhile some make millions. I'm nonetheless considering whether to put $400k in my stock portfolio. What is the greatest approach to profit from the market?
My financial advisor is Lisa Angelique Abel . I found her on a CNBC interview where she was featured and I reached out to her afterwards. She has long helped me with my portfolio
BS. In 1929, at the peak of the stock market, unemployment had risen to a near peak and businesses had already begun to contract. In other words, the stock market was wildly inflated relative to underlying values. Today, the opposite is happening and unemployment has hit historic lows and business are expanding.
They should make this mandatory in elementary school Along with teaching the names of the banking families who committed these acts of aggressions and greed.
That's an awful way to look at it. You wan to punish someone today because of something their granddad did? That's hateful and mean. If your grandpa beat up my grandpa and stole his wife, do I get to beat you up now? That's just insane. How far back you want to go? Are you personally responsible for something someone decided 200 years ago? Thousands?
@@jasondashney I didn't say we had to punish OR take any action against their offspring. Not even being rude to them. I only said we should teach people of this important part of our history. Especially, since it is so integrated, so impactful and so essential.
@@JoostEurovisionFans C'mon man, you said you want everyone to learn the names. To what end? How about just teaching that some industrialists and bankers were/are awful people? The only reason to name names is to make people today suffer for the sins of the father/grandfather.
Investing in various sources of income that are independent of the government should be the most essential thing on everyone's mind right now. especially in light of the global economic crisis at the moment. I have $560,000 sitting in savings searching for the best method to enter these markets. This is still an excellent moment to invest in equities, gold, silver, and digital currencies.
Something I’ve learned from my first bear market: You don’t have to outperform, just survive. If you can survive and let your competitors blow up you’ll be the only one left and in a better position than before.
@@billclinton-f8n Building a good financial-portfolio is more complex so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.
@@viewfromthehighchairr Working with a professional to develop a well-structured investing portfolio is a wonderful approach to get started. That's why I've been working on my dealings with “NICOLE DESIREE SIMON”. Because most traders enter the market with the intention of making a quick 10% to 20% profit, I've learnt to remain patient with the market. They miss out on the massive gains since it trades at a P/E ratio of 40-50.
@@AlbertGReene-p8w Glad to have stumbled on this conversation. Please can you leave the info of your investment-advisor here? I’m in dire need for one.
@@Harperrr.99 NICOLE discusses topics like insurance, retirement planning, investing, insurance, tax benefits, and techniques to reduce investment risk volatility. numerous instances of that. Just Google her complete name to see what it says. Finding her shouldn't be difficult because she is highly recognized...
This documentary should be taught in grade school and high school AND included in testing. It’s an important lesson. But I assume the elites would disagree. An educated public is a politician’s nightmare.
*@Dinner’s* *Ready* - Public Schools do teach about the Great Depression Of 1929, in Social Studies and American History. You probably were one of those kids who fell asleep during class, but now you’re telling everyone to *wake* *up!* 😂
@@erwinkunze4091 You're probably right. I slept during those classes (although I did know about the crash.....just not the mechanics of it). Here I am 55 years later with a fascinating interest in history.
Today's stock market is a pure ponzi with zero fundamentals. At least in '29 the people knew better times were ahead. Today worse times are ahead for generations to come... hundreds of years. The upcoming crash should shave at least 97.5 percent off the major U.S. stock market indexes.
I think there are a few key takeaways from these events: Don't invest more than you can afford to lose, stay broadly diversified, keep personal living expenses low, avoid debt. These events are gifts if you can survive them and have a long term investing perspective.
People whop were diversified lost everything in the '29 crash. All you can do today is go 50 percent long stocks and 50 percent short stocks and it comes down to skill instead of dumb luck or bad luck.
There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading, but then again what do I really know? I'm just looking for the right moves to grow and hedge my stagnant reserve of $370k from inflation.
These market uncertainties are why I don't base my judgments and decisions in the market on rumors and hearsay. I got the best of me in 2020 which made me occupy a worthless position in the market, I had to reorganize my entire portfolio using an advisor, before I started to see significant results happen in my portfolio. I am still using the same advisor and I have netted over $1.5 million in 2 years, whether it's a bull or bear market, both generate good profits, it all depends on where you're looking.
@@CynthiaByrd648 Admittedly we are only one information away from amassing wealth, I know many people who made their fortunes from the Dotcom crash as well as the 08' crash and i have researched similar opportunities in this current market, could this person who guides you help?
My advisor "LISA ELLEN SHAW" is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversification as a bear market buffer and is considered an expert in that field. I recommend doing further research on her references. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market profitably.
@@CynthiaByrd648 This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
A fact always ignored by those who impose history upon us is that in 1920, there was a stock market crash that was way bigger in magnitude, but, contrary to the 1929 crash, that earlier crash stayed a financial crisis while the 1929 one became an economic crisis. This happened because the federal reserve kept the money circulating in 1920, while in 1929 the federal reserve blocked all the money from going out of their banks. The latter led to people having no money to spend on anything and the factories didn't have any money to pay wages, resulting in a halt of production and the economy went bye-bye Kansas. So, the so-called "great depression" was caused by the federal reserve, a private bank, by the way. After a few years, the federal reserve bought over six-thousand bankrupt banks to add to their tally. There you go.
One promise of the fed rsrv bank cartel...was that they would bring stability to the markets. I read about the 1920 crisis...Herbert Hoover did not step in with any useless 'new deal' socialist crap. He just let the market correct itself. If there is 'Great Depression 2.0', I hate to think how much 'intervention' the gov't will do to screw up any recovery.
The federal reserve is NOT a private bank. it also did NOT block money going to the people and you have zero understanding of how the federal reserve system works or what it is or does nor do you understand the great depression or other economic history of the 20th century. I have studied all of the above under the tutelage of my grandfather who was a manager of the Federal Reserve Bank of Boston 1929-1942.
I’d be retiring or working less in 5 years, and considering this financial recession, I’m curious to know best how people split their pay, how much of it goes into savings, spending or investments, I earn around $250K per year but nothing to show for it yet.
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28, fast forward time... I'm 50 now, got laid off March 2020 amidst lockdown, a blessing in disguise. At once, I consulted an advisor to stay afloat and with subsequent investments, I'm only 15% short of $1m as of today.
this is huge! would love to grow my reserve regardless of the economy situation, my 401k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
My adviser is "Debra Ella Nicholas". She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
Just goes to prove the concept: "Don't gamble with money you can't afford to lose!!". Speculative investments - stocks, futures, loaning money you don't actually have, etc... all essentially gambling.
Responsible, reasonable, and evidence-based long term investing in stocks is NOT gambling. It’s wise and necessary when possible. Trading (futures, options, common stocks, commodities, currencies, gold, etc.) is a dumb idea for most people, and trading on margin makes you 100x dumber
The only good thing about history is to learn from its mistakes....”Nothing good comes easy”.... perhaps we’ve haven’t quite grasped that ... Thank you so much for an excellent and comprehensive revisit👍
What is the best way to profit from the current market, meanwhile I'm still undecided about investing $400k in my stock portfolio to get some dvidends and minimize risk
@@belledenuit1992 the funny thing is that when i lived in the states I knew about the great depression but I didnt know all of this. Its much more complex than I thought. But now that I've moved to Mexico I'm learning some things about US history that I didn't know before, and I'm in 8th grade, my school there should've taught me this stuff.
I contemplate whether individuals who lived through the Great Depression had it comparatively easier, as my stock portfolio has already suffered a loss of over $27k. With my stagnant reserve, I fear for the prospects of my retirement.
You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.
To be safe and not second guess your market decisions, I’d suggest you reach out to a proper investment adviser for guidance, they understand better market patterns and adjusting portfolio to match up with these market trends.
Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I really appreciate your useful advice. I was able to set up a call with her and confirm her identity. She seems incredibly knowledgeable, and I appreciate your advice so much.
This morning I perused my Yahoo news as I do each day, and came across an article on a young lady in the US, who was visibly upset as to how she found it near impossible to find diapers for her baby daughter. Her plea went viral, and while I can truly sympathsise with her because of the selfish, and inconsiderate mongrels who are stockpiling, I just wish to point out, that back when my kids were babies, then toddlers, we used terry toweling diapers, or as we called them here in Australia, nappies. We would add a nappy liner, which was akin to a Chux super wipe, which contained the poo. That was flushed down the toilet, and the nappy/diaper was then placed in a special bucket with a lid to soak prior to placing in the washing machine. So, rather than traipse from store to store looking for disposable diapers/nappies, I would suggest that Mothers with young babies and toddlers go back to basics on this one item, and consult their parents, or grandparents in how a cloth nappy is applied and fastened with a safety pin. Good luck, hope this has helped in some way...
@@Pure-Crystal-Fire You're welcome. As for the safety pin, you could try a Pharmacy/Chemist/Drugstore for one. The type we used had a safety hood that slid over the point to prevent it springing open. Cheers...
Its not her fault! There are other people to blame but you can say it's her fault also if ignorance is to blame. We have been fed a bunch of lies that cause us to live like this, when other know better. Remember why old people kept they money under there beds, why dont we? There might be a bank run next and i know for a fact 80 - 90% that most people dont have cash on hand but in the bank that can be turned off at anytime.
@@jonmcclane4946 Back in 1929, I don't imagine the Government of the day gave out a stimulus package to help the populace through such a soul destroying time.The fact that the people made a run on the banks, tells me there were no hand outs, let alone unemployment benefits. By contrast today, our Government will be dropping a couple of extra one off $750 payments into Pensions, and other welfare recipient's bank accounts, on top of what they already receive.The current single Old Age Pension rate is near $1000 a fortnight. Newstart allowance of $550 (unemployment benefits), will double by the 17th of April to $1100 a fortnight, and will continue until the virus has passed. This temporary measure to be introduced, is due to the thousands of people now stood down from what is considered non-essential employment, to help them through the crisis, whereby they'll be joining the ranks of the unemployed, until such time that they can resume their full time employment. At that time pensions and Newstart allowance will revert back, albeit I imagine with a further increase over current rates. I guess at current percentage rates on savings accounts, it almost equals "under the mattress" returns. Cheers and thanks for your feedback. Stay safe...
ONE THING THAT WE LEARN FROM HISTORY, IS THAT WE DON'T LEARN FROM HISTORY.
samantha tang Um you can’t borrow money to invest in the market folks it’s not allowed so obviously we learned something
Bring on the crisis...time to buy 😎
Jesseg0815 Yup , people against investing in the market are the 80 year olds you see checking people out at walmart and then going home to their trailer park and top ramen dinner
@samantha tang hold on learning from history and learning from the past are the same fucking thing dickhead who are you calling stupid
@@jeremycooper2065 Just ignore her lol Shes clearly a little off her rocker and more focused on these cringy attempts at some type of poetic rhetoric that probably make her feel smart.
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
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.
Could you kindly elaborate on the advisor's background and qualifications?
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Its more rigged now than in 29. Invest in yourself not some company
Lol, since I don't know ANYTHING what I do is buy solid stocks that pay GOOD dividends. If they go down, I laugh and buy. The dividend is actually what matters to me. So far so good.
I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.
most of these strategies and loopholes are better managed by experts and pros in the market, the average Investor on the other hand are left to suffer during a crash.
The issue is people always have the “I’ll have to do it myself mentality” Unapologetically, that’s why the get heavily affected during a crash and coupled with the fact we’ve had the longest bullrun ever in the American history, most folks aren’t equipped to manaqe this crash and it’s impending opportunltles well enough, so it only makes sense to seek proper guidance during these times, that’s what lnvestment-advlsers are for, been using one ever since the pandemc 2020 and I’ve been barely affected by crash, I have $850k in profit sitting in my portfolio and I’m unbothered about the market outcomes.
@@martingiavarini Well if isn’t that the hard truth…this investment-adviser that guides you must really on to something…who is he?
@@Oly_laura It’s a She actually ,Catherine Morrison Evans, I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat 2020.
Not everybody went broke but at the peak 25.6% of Americans were out of work so the bulk of the population were definitely broke. A quarter of people didn’t have a job and those who did likely were paid little in the jobs they had. So sure some were fine but the overwhelming majority weren’t.
Who else right now is binging hard on Great Depression documentaries because of what is presently going on in our economy?
The similarities are uncanny.
someone is lowering our dollar value, absorbing farmland & businesses.....1 person/entity . america doesn't own itself anymore.
all that debt that we have been told about is real.
@@CB_Always_Late yup
I got a good job couple of years ago, i remember all my friends told me now you can buy a new car, buy a new house, etc. I told them i dont need any of that i rather save money and prepare for times when i will not have this job anymore.
bet addict wise individual.....stay smart,stay safe!
Bet Addict well done, knowing that you are in a position to be able to help all the friends that are losing cars, house's by being a light in dark times. Good for you 👍. Blessings
Smart move...
@@Mark1959Holladay Why on earth would you help people who have been foolish with their money getting themselves into debt for momentary pleasure? Rewarding stupidity, I don't think so!
There is NEVER a perfect time to buy a home, car, etc because there is a market downturn every 10 years on average in capitalistic societies and a home loan is usually 30 years, cars 5 years, etc..
its 2020, anybody here reading this thinking History will soon repeat itself.
Jamie Spencer dude every time they mentioned something like TVs going up in price, oriole borrowing, no one thinks the market can go down, I’m like oh shit that’s happening now lol
Yes. Student Loan debt is at an all time high in US history. Consumer credit card debt is at an all time high in US history.
Anything else? Not sure but I feel it.
Sure will....the Rockefeller gang is still going strong!!!! Happened in 1987... will happen again so long as the elites are alive.....Rockefeller, Rothschild, Rand, Clinton, Obummer,Gates,Turner, Blomberg, Soros,Sanders, piglousy, mad max waters, warren....all of them!!!!!
It's coming
@@dianebrady6784 -- happened in 2008 also, I'm watching this today as the stock market is down over 700 points for the second day ?
“Market manipulation was rampant.”
Sounds like nothing has changed in the past 90 years
In Fact this is the 90 year cycle upon us this year. And this is a well known cycle.
@@macclark4112 can't wait tell the 2021/2022 melt down it' going to be epic
🤔 i wouldn't say that, we fart a lot better 😂🤣😂🤣😂🤣😂
@@macclark4112 We'll see if they crash it this September, we already saw the plunge protection team come in just recently the Tuesday after the big sell-off the day before by the bankers. P/E ratios could go above 50 but the true P/E ratios are already well above 100 without all the voodoo accounting and total lies.
Govt manipulation as always
Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency.
With a decreasing ability to control inflation and a reduction in stock and oil trading, it seems that a new multilateral world order is on the horizon.
It's important to keep in mind that investing is a zero-sum game with both good and bad days. However, by spending and investing wisely and diversifying your holdings, you can minimise risks and maximise gains. Hiring a knowledgeable investment advisor with a wide range of options can help you achieve this and leave little room for regrets.
I personally worked with an investment advisor to diversify my $401k portfolio across multiple markets, resulting in over $980k in net profit from high dividend yielding stocks.
With the right guidance, you too can make informed investment decisions and achieve your financial goals.
@@charlotteflair1043 Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.
@@marcelrobert9569 She is Julie Anne Hoover, my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.
@@charlotteflair1043 Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
What would be interesting is an interview with someone who sold all their stock one day before the crash. That's got to be a happy man. I remember I sold all my GE stock in Oct of 2007 at $36. By Jan it was down to $25, and it kept falling all the way down to $6. I would have been wiped out. Why did I do it? I don't know. I just got nervous from the news I was hearing and I was thinking the stock was just too high. I did the same thing with my house. I sold it right before the real estate crash. It was no great insight. The real estate agent asked me why I was selling because prices were just going to keep going up. I told her this house is not worth half what I can sell it for right now; the market has gone nuts. It just seemed obvious to me ... common sense. It certainly wasn't my high IQ. The house sold the 2nd day on the market for 3X what I paid for it. When fate deals you a winning hand ... cash in. Don't get greedy.
What a wonderful thing is most houses like yours in your neighborhood going down to being worth only $20,000 to $ 30,000 and some being sold on auction for as little as $ 2000 while you still owe $ 60,000 on yours.
The USA market crashed in October 1987. I asked myself "does this change my belief about where the stock market will be in 2000?" I quickly decided that the answer was no. I stood pat at 95% equities, 5% cash.
The USA market crashed again, 10/2007 - 3/2009. My job was not under threat. I asked myself again "Will the market recover, and when?" I predicted that it would, but not before sometime in 2015. At any rate, I did not change my 95/5 stance. Again, I made the right bet; the market recovered all lost ground by April 2012. However dividends in 2010 were 30% lower than in 2008.
2.19.20 - 3.23.20, the market massively crashed again, and this time I was retired and my mortgage was paid off. I predicted that locking down nearly all first world economies would result in another Great Depression. I also predicted that dividends would be cut as much as 50%. From late February to the present, day to day movements in equities have been volatile, indicative of great uncertainty about the near future of the global economy. To my great surprise, equities have held up thus far, and my 2020 dividend income has been slightly higher than in 2019. All that I have changed is that, for income tax reasons, I have put some money in a fund that invests in B grade debentures.
I continue to worry about the possible outbreak of WW3 (e.g., China invades Taiwan), which is why my wife and I keep about US$50K of liquid funds in the country we live in. My house is worth 2.5x what I paid for it, but that is excessive. My largest expense is private health insurance, because socialised medicine in this country cannot be counted to be there when you need it.
Imagine if you woulda held on to it??? you woulda been winning right now...IJS....
@@Getemtone Look now and see what's going on. So many websites advertising stocks and trading secrets and advantages. But that's buying low and selling high, AND NOT REALLY PRODUCING REAL TANGIBLE WEALTH! Money is just a representative of wealth used ONLY as a convenient form of trading one physical goods and services for another physical goods and services. But now it is being used again as a SPECULATION TOOL, A HIGH RISK SPECULATION INSANITY ALL OVER AGAIN!
@Corona Pyrrhus What is wrong with the story that if the Fed increases (decreases) interest rates, stock prices tend to decline (rise).
"History dosen't repeat itself but it often rhymes." Mark Twain
@Nevaeh Yessenia I do not think you understand the quote. Saying history rhymes means it may not exactly repeat, but follows a similar pattern.
Also, how can you say someone is lying with a prediction? Do you know for certain what will happen in the future?
Damn that's deep
@@aemrt5745 I know for certain I and everyone else will die eventually. That is 100% given. The only thing that is 100% certain in life is death. Death makes life life
@@cubes6351 "...in this world, nothing is certain except death and taxes" Benjamin Franklin
Especially when your country thinks it is the only thing that exists
“Buy now pay later”. 1919. So in a 100 years we haven’t learned anything! 🤔
I think the young millennials have learned; they seem to be using less credit and doing without more than those born between 1945 and 1995.
the banks learned how to run off with your wealth 100 years later, but the average person has been dumbed down to think videos like this is boring to watch.
greed is good!
the greedy snake eats itself
You got it!
Coming out of facing alot, I knew two things about the stock market: It caused the Great Depression, and the fastest way to make a million on the markets was to start with two million. And then the Great Recession happened only a few years later. So yeah, I wish someone had better explained it to me earlier in life. Having a good entry and exit strategy will make you succeed in the stock market.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
Exactly, most of the investors pays more attention to the profit aspect forgetting that the market involves ups and down. securing your financial position requires lots of patience and proper education on the market so as to know the right profitable stock to buy and invest in. I made over $260k in profits, from just the Q4 of 2021. Investing in the stock market is most profitable when you understand how the market actually works.
I really acknowledge your comment, i have been trading stocks for a while now but i have not been able to make much. how do you achieve this feat?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
My son went to a roaring 20’s New Years party this year and I had a sick feeling inside. I realized how similar our life is to the 1920’s. I had no idea things would change so quickly.
What? That comment just shows that you know nothing about the 20s. The 20s were a time of happiness in the country. If anything we are about to be entering the 1930s.
Anthony Hutchins - the 1920’s was a time of excess. As a society we are living in excess, spending too much, living on credit. Our current stock market drops are alarming. I understand we have safety measures in place that didn’t exist in the 20’s. I entered 2020 with such optimism. The virus will impact us in ways we can only imagine.....
Boom. Lol
9 years early
Let's only hope it doesn't get worse from here.
" History most absolutely repeats itself over & over and those who fail to learn from history are doomed to repeat it "
Well then ww3 is around the corner
History doesn't repeat itself alone. People repeat history on purpose over certain periods of time to transfer wealth and reduce human population.
Aha it's not like were all going through the same thing..... aha... right?...... Jesus we're all FUCKED
We have a socialist president and a militant Fed to bail everything out today. The Fed existed then but not the Fed we have today. Capitalism is dead. 22 million lose their jobs in 4 weeks, the worst retail sales and Empire State manufacturing data points ever, both published on the same day and stocks vault higher. I know bad news is now good for the stock market but give me a break, that’s the trifecta of death.
@@ashleyeldorado7750 , There was a warning already for China.
Woah I can’t believe they’re making a sequel!
Of all people Michael, you should expect a sequel.
🤣
Yeah, but they're usually not as good as the original. I don't like the Previews I've seen for the sequel.
Aha! Best comment!
@@paganrythyms yeeee baby yeeeee!!
My grandmother was born 1919 motherless! Her big brother was 2. Thank God they were both adopted to different neighbors. My grandmother was unbelievable! I learned so much from her until she passed at 100. Philadelphia USA
Buy Now, Pay Later. Live For The Moment. History repeats itself.
Philip Moreau - Great comments!
Now go back and read mine please!
They should be up front.
Pray first, and God will provide as long as you believe it so. :)
Federal Bureau of Investigation We would all be killing Hitler. Instantly
Walmart
But you can't live zero for the moment; that would be mismanagement of life too...I live probably 5% for the moment.
Who's watching this in 2020 after the stock market crashed due to COVID-19 👀
I sure am drooling about which stock to buy...looking at a few airlines...covid will pass and the market will stabilize...especially after the 2020 trump win
@@ywe3 saw so many people saying this shit about bitcoin in 2018..... you're at the dead cat bounce right now. The markets are beyond fucked. Expect a decade long bear market. Do not try to catch a knife here.
squarecracker What do you mean? What does your symbolism mean?
Thomas Dority How can I know which companies to invest in? What is a good drop? Also right now I checked and the most famous companies are up now (green). Help a brotha out.
@@jonci9712 it means don't buy now, buy in 5 or 10 years if we have hit a bottom
"It's a big club and you ain't in it"
- G. Carlin
I couldn't help but bust out laughing on that one. Thanks
Rest in peace
R.i.p
He started out as a comedian and ended up a philosopher and socioligist.
Would you Truly want
2bn that Club???
Thinking NOW ♡
Ever Learning Process
My parents were teenagers during the Great Depression. The misery of that time never left my folks. People were starving and there were no jobs. My mom was 16 in 1929. My Dad was two or three years older. Both my folks were scarred and the "spirit of poverty" never left them.
Not everyone was broke. My grandfather on my father's side owned high priced racehorses and theatres that did very well during that era. My mother and their family were broke.
@@parkerbohnn I believe its going to happen again...and soon. Stay prayed up. A minister once prophesized that Wall Street was going to fall like a tree.
And its going to be worse than what happened in 1929, which issued in the great depression.
Can you imagine another great depression in our lifetime?
Imagine.....crime is going to go through the roof.
There will be fires in the big/major cities.
All hell will break loose.
The Book of Revelation is being fulfilled...all around us.
@@sunnyhill5119 I do follow bible prophesies and we saw one of the prophesies fulfilled with Israel when Trump was president. Wall Street has been nothing but a pigshit ponzi fraud three ring circus sideshow since around the year 1993 with everything 100 percent rigged by all the crooked bankers in America. It's mind boggling to think the DOW could go from the 1,000 level in 1982 to 37,000 when everything got worse with each passing year. I do remember the hammering the stock markets took with inflation in the mid to late 1970's when they weren't the most overvalued ever like today. It still astounds me all these decades these bankers haven't been locked up with the keys thrown away. Only in Iceland were the bankers all thrown in jail. The bible did predict "raging inflation everywhere" "and "not even gold will save you". That sounds like our future is worldwide hyperinflation everywhere. The only way that could change is the U.S. dollar is supplanted as the world's reserve currency. The reelection of Jerome Powell in America makes this much more likely.
@@parkerbohnn The problem is that people.have made money their god. And God, the real and only God, is a jealous God. The world has ignored God for far too long.
Prayer was taken out of the schools....then kids began shooting up the schools.
God stated that Holy Matrimony was between a man and a woman.....America's highest court has made gay marriage legal. OMG
Sodom and Gomorrah were destroyed for these same reasons.
The great Roman Empire was destroyed...after existing for over one thousand years.
World history proves that any country that turns against the laws of God ends up paying the consequences...and the cost of sin is death.
The covid pandemic was a warning...merely a warning.
The curses of Egypt are upon the land...not just America...but the entire world .
The stage is being set for the Anti-Christ and his mark to come unto the world stage.
Money will not save people...money will be made obsolete, worthless.
Pray earnestly for the Lord's guidance in these dark and evil times.
Read the Book of Revelations...its already being fulfilled. The Four Horsemen of the Apocalypse are already here. Remember one of the horses is Disease and Pestilence...that corona virus did some serious damage.
The world is at its end.....Jesus is on His way back.
So im glad that i never got into Wall Street and learning about stocks and trading and the like...its all like unto gambling in a casino. And there have always been mighty demons on Wall Street.
God bless you and stay safe and prayed up out there.
My great grandparents lived through the Great Depression and were about 30ish when it happened. They weren't that effected because they didn't have stocks and they were farmers. They were still able to grow food and survive through those years. They came from extreme poverty before they came to North America so it wasn't anything new to them.
Some Ernest learned life lessons:
You don't really " own " your house.
Pay cash always not credit.
Debit card not credit card.
Buy used car not new.
Never buy auto unless you can pay cash up front.
Don' t buy the brand , but the best quality at lowest price point .
Get a library card, free.
Always sign your own checks, and other legal documents.
If you loan money to your family or friends , consider it a grant or gift and not a loan.
Sometimes the only way job will get done right is if you do it yourself.
If you are ultra wealthy don't marry...or else get as fine a pre nup as
Possible.
wear a condom
Brush and floss your teeth.
Character is even more important than reputation.
Always get it in writing.
Try not to borrow
Stock a large food pantry.
Exercise often.
Ernest Kovach keep your old love letters, throw away your bank statements
To many steps to follow. Most people forgot what they were reading by the third one.
I mean ? Wait what am I getting at ? I forgot my point ?
Don't forget to stockpile clean water...
buy gold silver and bitcoin and god will set you free
@Alba Celani hell nah your nastiness and comments will get you too hell first than him
And here we are in the 20s, again, ready to do it all again...
Gold is the only way out. Only way to end inflation
@@mrleafbeef634 by the time hyperinflation hits... you would probably have to sell your gold at a much lower profit than you bought it for 🤣🤣. Everyone around you will be broke
How do we prepare financially?
Don’t forget the ladies ...
SLV to the goddamn 🌙!!!
Kind of scary thinking about how the only “depression” happened during the “roaring 20s” then here we are a century later in the new “roaring 20s” and we may very well be in the only 2nd depression to ever happen.
Entirely different circumstances though. The stock market and financial system are way better regulated now.
Great Britain :- 1 trillion point 7 billion of debt and increasing. All the countries assets sold off to multi nationals corporate companies, who pay no taxes, dictate to government and have no accountability. They act in their own greedy interests. 2008 Crash nobody went to prison nobody lost their job. The tax payer ie myself bailed them out. Cuts in health care, education, the social infrastructure. Still no lessons learned from 2008 NO change in the financial regulations in fact secrecy rules the financial system like the secret meetings at DEVROS, and the city of London, where our futures are planed and deals are done by a very few elites. All hidden under the cloak of corporate confidential.
There was a depression in 1920. They called recessions depressions before the "great depression." There were many recessions/depressions before 1929.
Brian Smith fed isn’t regulated
29 87 08 and probably now too
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in the US.
As with any big financial decision, it’s important to keep your guard up for economic risks. However, smart planning, time management and seeking advice from a financial adviser can help keep you and your money safe.
@@AstaKristjan I agree with you. I ventured into stock with less than $100K, and now I'm about 17K short of half a million dollars. Credits to Kathleen Yanelli Carole. She's verifiable.
@@simonbad Fantastic! can u share more details?
@@MuradSamadov-n6i Visit her web-page to know more on the services she can render.
Buy FTC
I love how all the adds I get while watching this are Get-Rich-Quick schemes.
Lol
It never occurred to me. Quite the irony and a very good point.
Use brave browser
Use adblock.
Use toilet paper
" There is enough for everyones need. BUT never enough for everyones greed " Mahatma Ghandi.
smart man but unsaved
Pretty ironic for you to type that on your smartphone or laptop while people around the world work for a dollar a day... Lol
Anthony Hutchins yeah like those same people don't have access to internet. Get with the times. "3rd world" is catching up.
Ghandi was right. A shame he was a racist.
Gandhi*
TH-cam algorithm clearly recognizes a panic right now.
I actually looked this up because of my hunch that this was about something more then the corona virus
11 years of stock market gains -- 2010s
10 years of stock market gains -- 1920s
What now?
@@alexd3693 Buy the dip. Not in next week tho. Monday is gonna be blood red again.
Yup
I googled it myself. Wondering how much worse this one will be.
I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next Nvidia in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.
I think the next big thing will be A.I. For enduring growth akin to Nvidia, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Facing a similar situation, I sought advice from an CFP. Through portfolio restructuring and diversification with good ETFs, S&P 500 and growth stocks, I've turned my portfolio around from $200k to over $800k in a few years.
Your CFP must be really good, I hope it's okay to inquire if you're still collaborating with the same CFP and how I can get in touch with them?
She goes by ‘’Vivian Jean Wilhelm’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
I watch this ever so often to stay grounded and realistic. Everyone in the market should keep this in the back of their mind
The big losers are always the ones who try to go big, they gamble big, and then lose big. Those who play it safe from the beginning, keep their investments under control, they can usually weather the storm.
@@Tyrunner0097 Gamestop gave them a dose of their own medicine. I don't think they liked that too much either.
I'm scared my retirement is invested in stocks. Not even my choice of companies
@@jonburrows2684 Gamestop bought up all the worthless AMC shares at what 1,000 times what they were really worth?
@Tyrunner0097 Most importantly, dont be 100% invested in uncertain times. Keep a good 40-60% in cash for a crash. Once you make a good 40-60% on that invested money on the rebound SELL at least half and replenish your cash reserves to 40-60% agsin. People always forget to take profits and replenish cash reserves for the bext downturn
It's really amazing how the historians have forgotten that there were two depressions in the 1920s. The first was just coming off of the Spanish Flu and lasted only 18 months, of course the FED was less than a decade old and our government let the markets clear out the bad debt and the FED sat on the sidelines. If I'm right I believe it started in Jan 1920 and ended in July of 1921, don't hold me to the exact dates as I'm going off a very old and beaten up memory. I think you can find it online but I find the gatekeepers keep wanting to call it a recession, my grandpa lived through it and would tell me about it when I was a boy. He was a farmer in Minnesota and never did trust banks. He told me to always save for a rainy day and silver and gold were real money. I always remembered that advice and now I'm glad I did. Blessings to you all.
hi mark couldn't agree more. stay safe now and thanks for the tid bit of history i did not know... r.g.w. 71 farmer usa
Mark Holliday someone else that didn't like Banks or wall street?. I think his name was Henry Ford!.
Smart man your grandpa!
and bitcoin 😁
@Mark Holladay, there was a post WW I recession that lasted about 6 months and Harding did the right thing and refused to use government force to intervene in the economy and the market revived quite well. Unfortunately that lesson was not learned by Hoover and FDR who were in practice commie/socialists but operated under the cloaks of Republican and Democrat.
2 months ago You tube algorithm was showing me how to become millionaire in the stock market,and today Great Depression
Bruh!
😂😂
Dead ass same here and all this bitcoin stuff was coming up that I know nothing about never interested in. But I figured at 30 I better learn wtf this all is and how it works and BOOM
@@deannafromdablock1994 must be a sign😥
@T S well that was uncalled for
You trusted TH-cam??? You trust Facebook or Zuckerberg too? You must be a gen z. Zuck said "Your dumb to trust him and he hates you f idiots". Go research you'll find Zuckerberg videos and comments about Facebook users if its not scrubbed
Fed reserve and the treasury is not bothered about stock capital market. They are more concerned about the treasury bond market. They fear the bond market may become dysfunctional and illiquid. Bond yields are one of the important parameter that influences stock market. All stock pundits fail to mention how the bond yields influence stock market. My main concern now is how we are going to achieve all of that given that the market has been a mess for most of the year. I already lost $23,000
Seek advice from a fiduciary counselor they provide personalized advice to individuals based on their risk appetite, placing them among the best of the best. There are bad ones, but some with good track records can be very good
Wow that's a huge milestone. Please how can i reckon with such skillset? i want to grow my emergency funds of approximately $57,000 advantageously
I searched for Deborah using her full name and found her webpage, read her resume, education, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I sent a message and I hope she replies soon
@@Christine-ce4xo Spam scammer.
@@Patriciacraig599hi, invest in my art, art grow,
TH-cam fed me this as a homepage video, is it telling me to be a prepper and Great Depression incoming
I mean the market has gone up 2000 pts in a matter of days in the midst of an election and second wave. The buying will stop at some point and the market will tank hard.
Jerome Powell would say yes.....
Ur right no food next then a war breaks out then riots will proceed . I'm watching but its so true remember were deplorables well we r not that most smart people r in crowds of better life people
Me too, that was the first thing that entered my mind too..SMH
Wow I think it’s actually gonna crash soon
My great grandparents lived in lower Manhattan at the time just a few blocks from the stock exchange. They didn't own any stocks, they made all their modest earnings working in the garment district. People who had been vastly richer than them suddenly became homeless. Needless to say the biggest impact the stock crash had on my great grandparents was all the rich people that bought fashionable clothes now couldn't afford any. Our relatives out west had it even worse as they were in the dust bowl and the children didn't have clothes but instead wore potato sacks.
My grandfather owned two theatres in New York City and bought racehorses as he got wealthy during the great depression. Everyone on my father's side of the family had money. My father's aunt Ruth was worth more money than Jed Clampett at the time. His other aunt Kitty her husband was Vice President of Ford Motors.
@@parkerbohnn did your family make it through the crash ??
@@knighter2776 Yeah they didn't have any stocks. My grandfather made all his money during the great depression not before it. Today the U.S. stock market is just a ponzi ran by the bankers and U.S. Fed. The Fed will lose trillions of dollar buying up bonds no one would ever want with no one to sell to. They're faced with having to hold on to all of them and inflation will just make the U.S. Fed lose exponentially more money via their bond purchases to keep long term interest rates down. No telling when the U.S. Fed and bankers will implode today's stock market ponzi? I put U.S. stocks today at about 3 times more overvalued than the summer of 1929.
@Opal Allen Making money way back when was easy. Now as I've stated before the U.S. bankers take the opposite sides of any trade that makes sense and push the longs out with their vast amounts of money. Guessing is not a great way to make money. Technicals and fundamentals mean nothing. Waiting out ponzi's can take a long time depending on how long the ponzi's last. Other countries would imprison Jerome Powell for what he's doing to American and the rest of the world.
Sounds like your great grand parents were smart people. Imagine that, working for a living. What a novel idea, wish it would catch on today. My dad was born in 1907, married in 1938. I was the last of five children. Stay safe and GOD bless.
On that day, my mother was 18 years old and working in a bank in New York City. I remember her talking about the chaos and panic she witnessed. I hope this generation doesn't have to go through another great crash, although it wouldn't surprise me if it should happen.
It will only be a crash for the general public as all the bankers who run the stock market fraud ponzi will be the first ones out. It's been nothing but a three ring circus sideshow since around 1993.
oh it WILL happen.. humans are stupid and greedy
I think sadly it's going to happen by 2024.
@@conlawmeateater8792 It's a gruesome very possible fact.
@@conlawmeateater8792 I agree.
My Aunt, who lived a few months short of 100 years old would talk about the Great Depression. She said it didn't have any effect on the family at all. My Grandfather had a dairy farm, a dairy that sold dairy products and a full time job in a foundry. Naturally, all 7 children chipped in on the farm. They grew their own food and had an orchard with different types of fruit trees. The farm had a telephone but no electricity until after the war. They also raised pigs and chickens for personal consumption, with a few sales to help make it through the year. My aunt, who was born in 1910, would say "Depression? What depression?" The family was much better off in 1940 than in 1929. My grandfather grew the business from a run down farm to owning a cattle auction business, two dairies and bought and sold land as a side gig, all built up during the Great Depression. He also kept working at the foundry until he retired in 1948. My Grandfather was well known for being "tight" with his money and for being a tough negotiator. It must come from that Black Forest frugality. He came over with my Grandmother from Bukovina in 1909, when he was 26 and had only a few dollars to his name. 20 years later he was in a position to ride it out until things turned around
When you get old enough, you realise that everything that happens in the world of finance will keep repeating.
Fed printer goes brrrrrrrr
You know theres a problem with the economy when you have to pay 350k to live next to a 7/11
You know there’s a problem when you have to pay 500 k to live in the hood endangering your life every time you step outside
@@Elhyperdealer i hear you there brother, there must be a 7/11 somewhere?
David S Feds just printed 4 trillions within 30 days, soon that house will be worth 500k
@@apt62 so will a cheeseburger at McDonald's
David S If your paying 300k or 500k. To live in a 💩💩💩 hole. You need to sell your house an move out in to the country. I live on two acres in a 6 bedroom home paid 22k in 2018. It was built in 1841. I’m completely redoing the house. We have lots of cheap homes in northern Michigan Make the move. I live in Detroit for 5 years in the hood 48228. Horrible area.
The wealth didn’t go away, it just changed hands. It is my understanding that a lot of people doubled and tripled their wealth. Unfortunately the average Joe was not among them
The people that own most of the world are working on owning all of the world
No that’s not how it works. Money is created out of nothing when you give them a loan or allow them to buy stock on margin. It causes prices to go up. That’s what a speculative bubble is. When it pops, all the fake money that was lent out and disappears. Bc it was never there in the first place. No one made off with this fake value lol. Stop peddling dumb theories
Nope you have to belong to THE CLUB OF DEMONDS!!
Still don't understand what caused the market crash, why did the buying stop? who were the buyers? and did they stop in a concerted effort, if so why, if not was it a systems error? Still leaves many unanswered questions.
@@BlaaqboxfilmsEntertainment -- It was rigged by the ELITES to take over the market as they did, noticed they started buying right away to prep up the economy, THIS IS VERY FAMILIAR EVERYTIME THERE'S AN ECONOMIC PROBLEM/LOSS THEY DO EXACTLY the same thing, put a band aid on the hemerrage 🤮😠🤬
I recommend diversifying your investments by considering stocks alongside real estate. During a recession, there are potential buying opportunities in the stock market if approached cautiously. Additionally, market volatility can offer short-term buying and selling opportunities. However, please note that this is not financial advice. It's important to be proactive in investing as cash may not be the most advantageous option during these times.
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
thanks cpt obvious
Huh?
My Great-Aunt (who lived to be 101) personally witnessed people jumping out of the windows of high-rise buildings in downtown Chicago where she worked the day of the crash. It definitely wasn't all hearsay. Many people lost everything. When she turned 100 in 2009, the local newspaper ran a lengthy article of her 'bio', and her memories of that day were included.
you have a dutch surname :D moerdijk is a town in the netherlands :)
@@djh9816 ...Yes! My husband's Great Grandfather left that village in 1879 (if I remember correct) and settled in North Dakota. His grandson, my husband's uncle, spent many years compiling the family history. He and his wife eventually made the trip back to Holland to the town his ancestor's came from. He said as he walked down the street (1970's) people wold look down at them and then grab their shutters and shut them. He then called out that he was a Moerdijk...and people came down to greet them!...LOL We would travel every Christmas to his house and the entire family would meet up. The last few Christmases before he died there were over 70 of us. I would always want to sit near him to hear all the details he would recount...even though it wasn't my blood kin. I ended up starting Genealogy back in 2004 myself, partially due to Uncle Glen's stories. We have a book of compiled info on the whole clan. The spelling of Moerdijk to Moerdyk happened pretty much as soon as they got to the US. By the way.... are you from the Netherlands?
It'll be a lot worse this time around as the U.S. stock market today is about ten times more expensive than it was right before it crashed in 1929. This time around when the pure ponzi better known as Fraud Street finally implodes they should be pushing the bankers out of the windows to their death.
@@bonniemoerdyk9809 Great story! It's good to remember our ties with the US is more then political or economic. You are our kin.
Um... historians will tell you no one jumped out of the windows because of the stock crash of 29, only one man who did , did so for another reason.
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.
I recently saw another documentary on the Crash and Great Depression, and the narrator told the story of a man who, over the course of his working life of 40 years, had managed to save $1,000. Unfortunately, the bank he had saved its money closed, and he lost every penny of that savings account. There was no FDIC at that time.
In his despair, he returned home and hanged himself in his basement. This was a person who chose what seemed to be a conservative, but safe place for his savings. He certainly wasn’t risking it on Wall Street. He had worked hard, and was left with nothing.
Dude, 5 minutes in we already have similarities of people buying on margin like you wouldn't beleive today.
And the fed throwing money into the market.
iF I HAVE TO SHORT i WILL
SHORTING IS BAD THIS AND SHOULD BE ABOLISHED. LIKE IN OTHER COUNTRY'S
That's not good news chief. We are all now getting to actually see and experience the poorly hidden fact that how the stock market functions has very little to do with the average person and how few of them are actually Heavy Hitters .
You could probably fit all of them in the Rhode Island phone book and still have enough space leftover to include maybe a quarter of their criminal records as well!
Hm we are com8mg for IT again....
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of markt condition, but such execution are usuallv carried out by investment experts or advisors with experience
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, invt-advisors are ideal reps for investing jobs, and at firsthand encounter
this is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy
*Alicia Estela Cabouli* is the advisor that oversees my portfolio. She's been able to gain some reputation and online recognition with over two decades in service, so it shouldn't be a hassle to find basic info.
I located her, sent her an email, and we set up a call; hopefully, she will answer because I want to end 2023 on a solid financial footing.
Man I’m amazed at how history is repeating itself. Funny thing though, as I’m watching this I’m getting TH-cam ads about how to trade and get massive returns on the stock market
Get Ads Killer Plus... it's a wonderful addition to Chrome
Elias Castillo don’t trade the stock market buy Bitcoin, XRP,ADA and hold.
@@insideman-v1w People will regret not listening to you, but it will be too late
actually it's the best opportunity you may ever see, it's close to occuring once again, this is the greatest transfer of wealth we have already entered but most ppl are
The irony of ads and marketing...
This was by far the best documentary depicting the events and its consequences of the crash.
well done!
you been conned !!! This is propaganda put out by the losers of the American Revolutionary War
Been watching, listening, and paying attention to all of predictions and forecasts since early Covid. He hasn't disappointed yet 👌
Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figures in 3 months, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement
@@DavidAntony-gq7id lookup MARTHA ALONSO HARA , this is her name online, she's the real investment prodigy since the crash and has helped me recover my loses
@@BrunoLuke Despite the economic crisis and the rate of unemployment now is the best time to invest
@@DavidAntony-gq7id Investment now will be wise but the truth is investing on your own will be high risk. I think it will be best to get a professional👌
@@BrunoLuke Thank you, Going through her profile on her webpage out of curiosity, and surprisingly she seems proficient. I appreciate this.
People need to be reminded of history. Instant gratification never works
Mr Jones ...eXACTLY CORRECT NAIL IN THE HEAD SIR.... ANYBODY CAN CHEAT CODE THERE WAY 2 THE TOP.... BUT WHEN IT COMES DOWN 2 SOMETHING TINY LIKE GIVING THE NEXT GEN/offspring ADVISE ONE WOULD SUDDENLY REALISE U Shortcut Ed URSELF THE FOUNDATION OF A USELESS SH!T BAG.
o seeMr Jones
Yep kinda like being a drug addict. Your satisfying your addiction for the moment, but sacrificing literally everything else to do so....health, state of mind, relationships etc. playing the stock market is almost identical to being a drug addict
Yes..as long as that history is based on accurate truth.
@@wesleyfoskey9314 just read that comment while on the shitter, Gettin high.....
The Great Depression 2020: The remix
Judah more like a sequel
Lol
And what do you invest your money in?
lee roden wow! I’m doing exactly what I knew was wise for me to do 6 months ago when the market was high...have 3-6 months emergency fund, save 15% for retirement, live within means! Best time to buy into the market and a good retirement is when those funds are on sale!!! Rich people usually don’t try to time the market so I want to do what rich people do! Always be buying is my motto for my retirement!
Matt Barnes dave ramsey fan?
Buy now, pay later 1928: Stocks
Buy now, pay later 2008: House
Buy now, pay later 2020: School
It's bonds this time tho. Not that you aren't still making a good point.
Buy now, pay later 1968 : school
You’ve always been able, to pay for school later.
@@erichkaufmann5284 Yes it has been availible since 1968 but the housing market was the way it was for 30 years before crashing. As we all know, housing loans are taking way more often and with a lot more money. Its possible that it could be student loans crashing along with other loans as well this time around. I suppose only time will tell what the main bubble is.
T S Frfr it’s our turn da most high giving us his chosen people back everything he took away
My grandmother lived through the Great Recession. She was a young girl when everything first started to fall apart. I don't know all the details of what she went through, but she was very, very, very careful with money during her entire lifespan.
The crash destroyed all the savings but preserved all the debt. Incredible.
And incurred even more through the New Deal, then military spending for World War 2, the Marshal Plan, Korean War, Cold War, Vietnam War...
The MIC has been seeing us through for over a century along with the Federal Reserve Bank, as much as I hate to admit it. But it's all not too different in spirit than a massive Ponzi scheme. We've been broke since the panics of the late 19th Century, perhaps earlier.
The average American today is scarcely better off wealth wise than the average American of say, 1850.
The only constants are debt and inflation.
True wealth creation is rare and comes slowly. National (self-reported, of course) GDPs are always overstated...politics and greed.
Same today the virus destroyed all the saving but the debt stayed.
@@timmyotoole7312 If they ever get the Fed funds rate above the inflation rate inflation is meaningless to me. With the reelection of Powell at the helm of the Fed America is looking at hyperinflation once the midterms are over. Of course they'll lie saying inflation is coming down coming into the midterms then inflation will skyrocket in 2023.
Deflation
No, the debt destroyed everything. Look at the reverse repo market today, it's at record highs. Last time it was at record highs, was the 2008 crash. If lenders aren't supervised, they'll just keep lending money that doesn't even exist. It's great for them too, why not make interest on more technical IOU's and other loopholes. I'm sure these funds spend millions on lawyers to study laws constantly to find new loopholes they may have missed. We fight the culture wars, while they fight the class wars.
An excellent documentary.
In 2008 when everything went to hell in a hand basket our county was hard hit. The list of foreclosures listed daily grew and grew. My husband and I watched our neighbors lose their homes and land. We had our home and ten acres with a mortgage of course. Fortunately our home mortgage was our only debt. Our car was paid for, we had no credit card debt, and everything in our home was all paid for with cash. We had savings and felt relatively secure but had no idea the bust had just begun. My husband worked for a large corporation. His boss called him in one morning and laid him off. No severance. Eventually most employees over 50 were booted. They could hire young people at a third or half the cost keeping an injection of cash in the business. Interestingly, not one person was asked if they would be willing to work for less money and that was because of benefits basically health insurance which the company funded 100%. They couldn’t just take that away as all these older employees had written contracts guaranteeing this. New employees would have to pay 51% of their health insurance with higher co-pays reaching into the thousands each year if they had any real medical issue, and greatly reduced benefits such as no maternity coverage. Ironic as the majority of those laid off had finished having kids, would have agreed to drop this off our insurance if asked but those being hired were at the beginning of having babies.
Now we have our mortgage and a huge Cobra payment each month to keep our health insurance which we could for 18 months. As we watched our savings dwindle even after cutting every unnecessary dollar out of our budget-satellite tv gone, thermoset set so we had a cold home in the winter and a hot home in the summer, no tub baths and quick showers, no outside watering except our vegetable garden to get our electric bill and water bills as low as possible; phone land line canceled, cell phones cut to the lowest basic amount possible; no new clothes; and we managed to cut our grocery bill by two thirds. We didn’t feel bad however as every week we were helping neighbors load up their belongings as they lost their homes to foreclosure with tearful goodbyes to them. We were hanging on by our finger nails as my husband traveled far and wide looking for a company that was hiring. Even though he had an Engineering degree, an excellent reputation in his field, no one was hiring.
My husband did eventually find a job. We had two more months of savings to cover our mortgage and health insurance. We had both decided we would go to work anywhere, McDonalds, one of the grocery stores, anywhere to bring in money when he got a job where we could stay in our home in Georgia as he traveled and worked on the east coast. Surprisingly the company had health insurance which kicked in after 30 days. Dropping that huge over 1800 dollar a month Cobra health insurance payment was so satisfying. So we started over with a little savings but we had managed to keep our home and with his first paycheck we splurged buying new underwear.
Thank you for sharing your story! I hope you are both doing better now.
@@Pc-ut2tc Doing great thank you so much.
Wow, so glad you made it thru and that you got new underwear
@@karenwilson712 I’m glad we made it through and those new undies were a delight! I have never been able to wear ratty panties, lol
This tells me, be willing to work anywhere to begin with while still looking for a new job. Some money coming in is better than none.
You could have worked at McD’s or grocery store, etc from the very beginning of his job loss.
“This is a story of a Financial disaster we hope will never happen again”- that didn’t age well.
WHEN THE STOCK MARKET CRASHED IN 1929 IT WAS STAGED. IN NEW YORK CITY THE HEADS OF THE MOST RICHEST AND MOST PROMINENT FAMILIES BEING THE DUPONTS, MELLONS, PIERPONTS, BARUCH'S, HAD A SECRET DINNER IN MANHATTAN WHERE THEY ALL SAT DOWN AND UNDERMINED A SCHEME TO SELL OFF NEARLY MOST OF THEIR STOCKS THEY OWNED AT HIGH PRICES SO AS TO CREATED A PANIC OF THOSE STOCKS WHERE THEY DROPPED DRASTICALLY IN PRICE SO THAT THEY WOULD THEN GO IN AND BUY THEM BACK ON PENNIES TO THE DOLLAR. IT WAS TOLD TO ME YEARS BACK THAT THEY "PULLED THE PLANKS FROM OUT FROM UNDERNEATH THE STOCK MARKET". THESE WERE THE EXACT WORDS. THEY NEVER REALIZE FROM THEIR SHEER LUST OF MONEY THESE RICH MEN WOULD BE RESPONSIBLE FOR SENDING THE WHOLE NATION INTO A DEPRESSION. THIS IS THE TRUE REASON THE MARKET CRASHED.
Frank289100 a lot of very rich at the time became poor after that crash.
@@nopenope1186 name one
MrAsus3571 the Gould family
@@nopenope1186 OF COURSE THE RICH BECAME VERY POOR. THE STOCK MARKET HAS ALWAYS BEEN A RICH MAN'S GAME AND STILL IS TODAY. STOCKS ARE NOT MEANT TO BE HELD ON TO FOREVER. THEY ARE TO BE SOLD AS THE STOCK PEAKS WHERE MONEY IS MADE, THEN REINVESTED IN OTHER AREAS OF STOCKS WITH THE ANTICIPATION THOSE STOCK WITH GO UP IN VALUE. AND WHEN THESE STOCKS PEAK, THEY ARE AGAIN SOLD OFF MAKING A PROFIT AND THEN A PORTION OR THE ENTIRE AMOUNT IS REINVESTED. IT THE SAME AS GAMBLING. I WORKED IN THE STOCK MARKET BACK IN THE 1980'S WHEN I WAS A STEAM FITTER IN THE 638 LOCAL HERE IN NEW YORK. I DID THE MOST INGENIOUS THING BACK THEN. I WORKED FOR A STEAMFITTING COMPANY CALLED A.D WINSTON. I WAS THE HEAD TROUBLE SHOOTER OF THAT COMPANY THAT MY BOSS ALWAYS SENT OUT TO TROUBLE SHOOT PROBLEMS, NOT EVEN THE ENGINEERS WHO DESIGNED THE SYSTEM COULD FIND. I DID THAT FOR A.D. WINSTON FOR YEARS, I WAS A BIG ASSET TO HIM. HE SENT ME AND MY PARTNER TO THE NEW YORK STOCK EXCHANGE TO REPLACE A FLOAT SWITCH ON THE COOLING TOWER WATER ON THE ROOF. THIS PARTICULAR SYSTEM HAD THE COOLING TOWER WATER ACCUMULATE IN A BIG SWIMMING POOL ON THE ROOF, WHERE IT WAS THE RUN OFF FROM THE TOWERS. THE FLOAT SWITCH WAS IN THE SIDE OF THIS POOL AND THEY WERE GOING TO DRAIN DOWN IN BETWEEN TRADING SESSION DURING LUNCH TIME. WHICH I REALIZE WAS NOT A GOOD CHOICE BY THE HEAD OF MAINTENANCE TO DO IT BETWEEN THE TRADING SESSIONS. BECAUSE I KNEW THIS COOLING TOWER WATER COOLED THE AC ROOM COMPUTERS AND GOD FORBID THEY DRAINED DOWN AND SOMETHING WAS TO GO WRONG. IT COULD HAVE KNOCKED OUT THE AC UNITS AND OVERHEATED THE COMPUTER ROOM AND SENT THE ENTIRE STOCK MARKET CRASHING DOWN. SO I GOT A PIECE OF THICK CARD BOARD AND GRABBED MY PIPE WRENCH AND LOOSENED THE FLOAT SWITCH TO WHERE IT WAS HOLDING ON BY A THREAD OR TWO. I THEN UNSCREWED THE FLOAT SWITCH AND PUT THE CARDBOARD BEHIND IT TO KEEP THE WATER FROM DRAINING. THEN INSTALLED THE NEW FLOAT SWITCH. WHEN THE MAINTENANCE GUY CAME BACK UP TO THE ROOF I TOLD HIM IT WAS DONE. HE TOLD ME HOW DID YOU DO IT AND I SHOWED HIM AND HE WAS AMAZED. I SAID IF HE WOULD HAVE DRAINED THE TOWER POOL DOWN AND SOMETHING WAS TO HAVE GONE WRONG AND WHEN TRADING RESUMED, AND THE COMPUTERS WOULD HAVE OVERHEATED AND GONE DOWN. HE SAID WE ALL WOULD HAVE BEEN IN BIG TROUBLE. IT WOULD HAVE SENT THE ENTIRE STOCK MARKET CRASHING DOWN. HE KNEW WHAT I DID AVERTED ANOTHER STOCK MARKET CRASH. I TOLD HIM MAINTENANCE LIKE THIS SHOULD BE DONE AFTER THE STOCK MARKET CLOSES. THIS WAY YOU HAVE THE REST OF THE DAY INTO THE NIGHT TO RESOLVE A PROBLEM THAT POPS UP OUT OF NOWHERE. IT WAS BY THE WILL OF GOD I WAS THERE THAT DAY AND DID WHAT I DID, AND ALSO WHY I POSSESSED THE LITTLE KNOWN FACT NOBODY KNOWS HERE. KNOWLEDGE I ONLY POSSESSED NOT WRITTEN IN ANY HISTORY BOOKS THAT I POSTED ABOUT THE SECRET DINNER WHERE THEY HAD TO DUMPED THE STOCKS WHICH CAUSED THE STOCK MARKET TO CRASH IN 1929. I LIVED THE MOST INCREDIBLE LIFE AND WHEN MY BOOK IS FINISHED IT WILL SHOCK ANYBODY WHO READS IT. NOTHING LIKE MY STORY EXISTS IN THE ENTIRE WORLD. THE CLOSEST STORY TO MINE BUT STILL DOESN'T SCRATCH IT. IS ROGER MORNEAU'S - A TRIP INTO THE SUPERNATURAL.
Money didn't disappear, it went from one account into another, and then another. It's not magical.
@Dennis Not at all. It's completely incorrect. If you think these big firms all sold out at the very top and didn't suffer massive, massive losses because they drunk their own Kool-Aid you're mistaken. When billions of dollars of shares drop through the floor it hits everybody really hard. It hits the rich way more than the average joes but the rich are lucky enough to have enough cash left over that they are still wealthy at the end. Doesn't mean they didn't lose boatloads too though. When stock prices drop, the "money" literally disappears into the ether.
Uh, I don't think you quite understand how stocks and shares work
If you own 100 shares of company X, and then the value for these shares lose £3, you have 'lost' £30. Because if you were to sell these stocks, you would be short by £3 on each share.
If we want to be pedantic, the value of many stocks and shares lost a lot of value, so many peoples assets lost value, so their net worth went down. But that is a mouthful, so we say that the money disappeared.
In the perspective that it is a material, that quickly disappears and becomes invisible and sometimes reappears (if you're fortunate) is collaslally magical 🤔
That’s not how deflation works. The underlying value of the stock or thing or whatever really can just “disappear” and become worthless as soon as no one wants it! The real mind blowing idea is that people that own, say, $100k in stocks don’t really have $100k of wealth until they sell it. And “selling” usually just means converting it into fiat dollars, which potentially can also lose value if people no longer want them (see Weimar Germany). Gold is safer, given its long history as a store of wealth. But in the most apocalyptic situations, it will only be food, water, and guns that have any value. Everything else would deflate in value.
@@jasondashney You're right, speculation does make that phony money disappear into the ether.
Gambling with borrowed money? What could possibly go wrong? Duh.
PLENTY!!!
never mind, hindsight is 20/20 isn’t it? Duh
that's just a scapegoat. It was government policies that caused this.
Gamble with paper money worth nothing? What could be worst?
something like US economic policy
"If you are lucky enough to have a million dollars, hold everything and don't play the market".
That touched my soul.
If I had 1 million certainly I’d still have less than15% cash
A million is poverty where I live. Toronto, Canada. The Chinese drove the cost of living into the stratosphere.
then you get to enjoy inflation eating away that million every year
@@scottwilly86 Beats losing it in a market melt down!
A million dollars in 1929 is about 100 million dollars now. Gold was about 20 dollars an ounce then and now it is about 2000 dollars an ounce.
This doc talks about the overspending, excessive buying on margin, bank failures, and everything else in the history books. But I like the part where it discusses consumer culture, and how luxury goods became necessities.
Catch the keywords here guys, “the depression lasted a decade and was prelude to war” I think the same awaits us this time.
i think this time will not last for a decade
I certainly hope to hell that's not the case.
The political extremism will come before the war. I expect the USA to become extremely nationalist in the next 10 years, enough that they can enact a draft without too much crying.
No we know how to handle things. 2008 showed how to handle a crash everything is fine now and there was no war
Kush King take a rip and chill dude damn people are entitled to their opinions
"History teaches us, but has no pupils."
Whoa..😎
people ordinary people, does not have much of choice.
they will try put money on stocks or some risky investment because banks cannot allow them safe and profitable investments.
they have the choice to put money in the banks and wait for time erode their savings. in the end its a riches game
Similarly one thing we learn from history is WE DON’T LEARN HISTORY...
@@sparcx86channel42 It's called gold and silver, dude. Yes, you have a choice. Bitcoin is quite nice also. You don't need the banks for any of those.
@@theman2017inc As long as you let government run the education system, of course they're not going to want you to learn the truth about all the crimes they've committed. Government caused the Great Depression. Government is always the culprit, or the negligent, incompetent fool letting the calamities happen right under their noses.
My father was born in 1932. His family was broke before the Great Depression, so they didn't have as far to fall. He told me he started to recover from the Great Depression after he got back from the Korean War.
My mother and father were both born in 1930 just about when the great depression started.
Yes, when America thirst for money, they just start a war, it's repeating all the time. War makes money plus you can stole someone else's money
Very good and enlightning documentary. In "recent" history we had 3 enormous bank and economic crises in 1893-1897, 1929-begin WWII and 2007-2010. As it is said in this documentary: History repeats itself, time and time again. Unfortunately man's folly and greed are much stronger than reason and restraint, particularly in financial affairs. Beware of investment bankers and speculators.
This is like 2008. Lost everything. Most have not recovered, including myself. You learn to live on 25% of what you used to make.
The market is up 200% since 2008. Should have tripled your money since then huh?
i live on 10% or less on what i take in, & no debt, no bills, no mortgage, i work 2 jobs all my life 78 now & still working 2 jobs
alex carter I'm so sorry. I can relate. I became disabled in 2005 & have had to live off about 25% of what I made when I was working.
Online Ad Firm that’s irrelevant.
The 2008 financial crisis has cost every US taxpayer roughly $70,000.00 over a lifetime. That’s money that’s already gone and no amount of capital returns will bring that back- all because of greed and speculation.
@@richardrodriguez1742 you sir, are a warrior.
What is explained in this doc is EXACTLY what is going on today. Make no mistake .... "history repeats itself" is a universal moniker, and it is true, because people's behavior does not change, only the circumstances and context.
THIS time its not the idiots with too much money, and not enough common sense. they intend to STARVE us all into obedience. false flag atttacks on 51 food processing plants thus far, forbidding crop growth , milk production killing livestock as 'excess' it goes on. its time to HANG some bankers
IKR we have homeless living all over the country. I seen this coming 5 years ago cause prices keep going up every year, but income stagnant. They got us in the squeeze. Ain’t much left to squeeze.
It was explained to me that 1929 was essentially the biggest first bubble to get popped in the American economy. Stocks were ridiculously over-valued and that had to reset eventually, and eventually turned out to be October 1929. Since then we've had regulations put into place to try to prevent the same sort of shenanigans that caused 1929 from happening again but wheelers and dealers keep coming up with new shenanigans like what happened in 2008 with the housing bubble.
Biggest problem was that people were borrowing money to buy stocks. This had nothing to do with causing the depression. The depression was caused by people speculating on land in California and Florida.
There was the 1873 crash.
@@harrymcnicholas844 people are speculating on California and Florida now (Miami as the crypto headquarters)
Consumer spending suddenly dropped about 10%. It was triggered by the Middle Class. People are only going to buy so many cars, radios...
Modern economies are based on ever-increasing consumption.
@@harrymcnicholas844 bingo! Interest is the cause.
If you’re experiencing a dwindling portfolio, it’s important to reassess your investment strategy and consider making changes to your portfolio. I diversified my three-funded portfolio by investing 50% in a total U.S. stock market fund, 30% in a international stock market fund, and 20% in a total U.S. bond market fund. My $500K investment has grown to over $3.2M within a few months
TBH, 25% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?
I searched her name and her website popped up immediately on google, interesting stuff so far, about to schedule a session with her.
Wow, That’s amazing Congrats
You know they always say that people and industry lost their money, my grandmother included. But if people lost their money, what I want to know is who got all this money?? It had to go somewhere. Someone had to receive it, it just didn't vanish in thin air. Who got it?? Was it the government??
I'm reminded of my studies in fashion and dress several years ago. It was noted that skirt length trends corresponded with how the economy was doing. Skirts got shorter when booming, longer when recession. We went into a maxi skirt trend after recession a decade ago.. if you haven't noticed, skirt trends lately are incredibly short. I believe it's because wealth tends to be a catalyst for loose morals. Isn't it amazing that the downtimes cause us to be more conservative? It's almost as if we realize we aren't invincible and hard times remind us of a greater power, which induces humility and modesty. History speaks.. yet we keep repeating it.
It is so because when there is less money one would always go for long Shirts and skirts ( warm clothes) to beat cold
today women wear trousers (pants)/ also hair lengths seem to also have something to do with a barometer
"wealth tends to be a catalyst for loose morals" ok wow
Yes, only women can have bad morals 😒
@@jonsanchez141 Did you even read my comment? Talking about fashion, which is generally a woman topic. Men seem to follow women as from the beginning... Women are very influential in the morality of the nation and have always been. You are blind if you can't see that.
In 1929 you would have never guessed that we would one day be trading stocks from our living rooms.
they used telegraph back then
It only took us about a century to do that.
That little kids would be trading using money borrowed from credit cards
etoro
Or as I sit on the toilet..
My grandfather lost everything. They went from having maids and living in great comfort to having to shoot rabbits to put food on the table. My mother was only nine yrs. old and her entire life was spent working and trying to help the family. Eventually, she was sent to live with my great grandmother so she could finish school.
Good story. Thanks for sharing. One can only imagine what life in the dustbowl must have been like as the wheat and corn markets crashed alongside cotton all of which was cheaper to have imported from elsewhere .Besides the financial crash the drought that went on for years in the dust bowl did the rest . The result abject poverty amongst the farming community also not just city sharks.
Lucky he had a gun to shoot rabbits. Next time around guns might not be around.
@@gregk.6723 trust me they’ll be around
Dammn
When you invest you're buying a day you don't have to work
Many thinks bitcoin investment is only profitable when the market price is going up but from my knowledge and experience I can boldly say to you that investing in bitcoin is profitable both in bulls and in bears all you need is the right information
True! Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The stock market has plenty of opportunities to earn which I myself took advantage of. I made my first million from going diverse, mainly ETFs(stocks, bonds etc), bitcoin , and gold. I'm also working on an investment plan that includes NFTs with my advisor, Marion . It's been a year and half of steady growth.
Same here ,It's strange how people talk about all the profits, they've been making through investing in bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that bitcoin investment is one of the profitable money exchange services that elevates investors and their financial status.
That's true most people today have been having a lot of failures in bitcoin because of poor orientation or bad experts
“Most of the time people are greedy”
Pretty much sums it all up, as true today as then. History repeats.
When someone else attempts to better themselves, it is a vice. When you do it, it is a virtue.
Someone very famous said, what if you gain the whole world and lose your soul!
@@ka9fon Fortunately, you can better yourself AND not compromise your soul. I might say more, but the same famous person advised against judging others.
@@sampetrie340 judging must be done in deep humility and governed by the Word of God. If you're redeemed by Christ, He will keep you from this greed that loses souls. In 2 ways...by His deep love that affects your heart. Or He will chastened you deeply by causing you to lose riches, Ill-gained. Or even taking you home. But my actions do not contribute in gaining salvation. But the grace of God should affect one's walk. If it doesn't, something is wrong with their faith. Don't be surprised if many rich and powerful, who defrauded people in the 30s, always were in church on Sunday morning. It won't profit them anything on Judgement Day.
Roj Blake ... the "trick" is to destroy the family unit. Think about this: You and your wife have 12 kids. They have 12 kids. Those kids have 12 kids. In about 4 generations you will have 10s of thousands of blood related kinfolk! This is what Cain/Vatican set about to destroy! The money masters set us up into believing money is the be-all end-all when the greatest wealth of all time is the number of children one has! If you have 20,000 kinfolk and you don't like what government is doing you can have heads on a stick in no time. However, vatican has been slowly giving back the ancient technology to us in the form of slavery ... we can't beat their military ... their pHarma ... their money systems! And women, men are at fault to a large degree, are looking for fame and fortune ... breaking the glass ceiling ... once they chase fame and fortune by their mid
30's they find out the lie, their biological clocks are running down and they become SWANKS .... (single women and no kids). Your best investment is 200 acres of land then move in the relatives ...expand ... like the pagan Mennonites and pagan Hutterites and their colonies!
God created man and man created money.
The thing is, in 1929 this was such a massive shock. Now the narrative is that a crash or boom and bust is just part of the system. Think its safe to say that when we live in a system where most of us suffer from a crash, its probably not a good system. In my 30 years on this planet I've lived through 5 major recessions. No wonder people are jaded.
Newsflash Ben Bernanke broke the business cycle. Now there is no business cycle. Recessions and depressions are not allowed to happen anymore.
@@parkerbohnn lololol
They teach us history in school, so that we'll repeat it !
Brilliant !
Human history is well planned out way before it happens by those who control the world. Money and power rules our world, otherwise we wouldn't have such things as wars, pandemic, great depressions.
Human foibles and greed will never change. Few if any can seem to overcome them.
Except this time instead of taking 25 years for the stock market indexes to come back this time it will be 25 centuries
@@turbo8454 Agreed. I have suffered through greed and was subsequently and rightly wiped out from my own ego and arrogance. I read another idea about why we repeat history.. You never really learn unless you go through it personally.. That's why there are 4 turnings during a century time span.
I've spent a lot of time studying economics & finance - the history of it in the United States.
One thing I noticed about economic crises in the United States (and they happen more often than you think).
There is one bank that always seems to figure out what is happening, what could happen, and then decides not to take the risk watching all around while the competition gets over extended.
Then. When the crash happens. JP Morgan buys one or more of its competitors when the competitor is going to file for bankruptcy, getting the competitor at a discount.
In 225 years this bank has bought more than 1200 of its competitors.
Oh they get dirty too. But they never go in as deep as their competitors and reap even more rewards when it is time to clean up the mess.
trump
@angelalake200 not very bright are you. TDS does that. Work on your reading comprehension.
I was almost ruined by the 2008 financial crisis - so I can say - what you learn watching this video could save your home, your family, your life and your future - please watch it.
@@IsisAdgerWasHere21stC. at least he's not married anymore
I remember working at Vanguard during the 2007-008 crash. Today's drop is very reminiscent. But i think it's great.
opportunity to pick up some dividend gems at a great starting yield.
@@Jme--- I really acknowledge your comment, I recently started trading but i have not been able to make much, I am envious i've been in the red for too long even before the dip. how do you invest?
@@Mcdd7-_- My portfolio is very much diversified so it's not like i have a particular fund i invest in. Plus i don't do that myself. I mirror the trades of Freda Lynn Johnson, a US regulated broker and she has been very consistent with my portfolio has grown at a tremendous pace & it only mirrors what. She trades not just on some particular industries of my choosing.
@@Jme--- That's impressive I copy trades in forex too with an MAM account which is also an aspect of algorithmic trading. If Freda Lynn Johnson is this good, I would love to try her out. How do i get in touch?
@@Mcdd7-_- You can look her up for more info and connect her through her webpage.
My wise and hard working "salt of the earth" grandfather and great grandfather built a still standing wholesale produce warehouse with freezers and a freight elevator in 1919. A good position to be in when the Stock Market crashed ten years later. They spent the whole depression years in comfort driving Packard cars and in business without interruption. But it was a tough business, and few people among us would have the right stuff to maintain it. When all of those displaced stockbrokers were out on the street selling apples from a cart, who do you think was selling them the apples...???
I used to think every investor lose out during recession, meanwhile some make millions. I'm nonetheless considering whether to put $400k in my stock portfolio. What is the greatest approach to profit from the market?
The mkt has gone berserk! Whether you’re a newbie or a veteran trader, everyone needs a sort of coach at some points to thrive forward.
I’ve been using a coach for over 3 years and my portfolio has yielded from initial $500k to a ballpark estimate of $1.85m as of today.
This is probably what I should do. Who is your advisor, please?
My financial advisor is Lisa Angelique Abel . I found her on a CNBC interview where she was featured and I reached out to her afterwards. She has long helped me with my portfolio
I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds
Watching in October 2019... things like 90 years ago... YIKES!
Me too. Greetings from the Philippines! 🇵🇭😊✋
@Alec Alberti Or they could take a gun to the local bank! :-0 You can't even do that now.
BS. In 1929, at the peak of the stock market, unemployment had risen to a near peak and businesses had already begun to contract. In other words, the stock market was wildly inflated relative to underlying values. Today, the opposite is happening and unemployment has hit historic lows and business are expanding.
Its not a matter of if its when ...and am 62 I really hope im dead before it does.
Alec Alberti invest in crypto currency, such as Bitcoin and stock up on gold (on the dips).
Both of my parents lived through the Great Depression. They instilled in me how to live conservatively.
well at least you know what to do when it happens
They should make this mandatory in elementary school
Along with teaching the names of the banking families who committed these acts of aggressions and greed.
That's an awful way to look at it. You wan to punish someone today because of something their granddad did? That's hateful and mean. If your grandpa beat up my grandpa and stole his wife, do I get to beat you up now? That's just insane. How far back you want to go? Are you personally responsible for something someone decided 200 years ago? Thousands?
@@jasondashney but but 'the jews'
literally no reasonable person cares about the names
@@jasondashney I didn't say we had to punish OR take any action against their offspring. Not even being rude to them. I only said we should teach people of this important part of our history. Especially, since it is so integrated, so impactful and so essential.
@@JoostEurovisionFans C'mon man, you said you want everyone to learn the names. To what end? How about just teaching that some industrialists and bankers were/are awful people? The only reason to name names is to make people today suffer for the sins of the father/grandfather.
Investing in various sources of income that are independent of the government should be the most essential thing on everyone's mind right now. especially in light of the global economic crisis at the moment. I have $560,000 sitting in savings searching for the best method to enter these markets. This is still an excellent moment to invest in equities, gold, silver, and digital currencies.
Something I’ve learned from my first bear market: You don’t have to outperform, just survive. If you can survive and let your competitors blow up you’ll be the only one left and in a better position than before.
@@billclinton-f8n Building a good financial-portfolio is more complex so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.
@@viewfromthehighchairr Working with a professional to develop a well-structured investing portfolio is a wonderful approach to get started. That's why I've been working on my dealings with “NICOLE DESIREE SIMON”. Because most traders enter the market with the intention of making a quick 10% to 20% profit, I've learnt to remain patient with the market. They miss out on the massive gains since it trades at a P/E ratio of 40-50.
@@AlbertGReene-p8w Glad to have stumbled on this conversation. Please can you leave the info of your investment-advisor here? I’m in dire need for one.
@@Harperrr.99 NICOLE discusses topics like insurance, retirement planning, investing, insurance, tax benefits, and techniques to reduce investment risk volatility. numerous instances of that. Just Google her complete name to see what it says. Finding her shouldn't be difficult because she is highly recognized...
This documentary should be taught in grade school and high school AND included in testing. It’s an important lesson. But I assume the elites would disagree. An educated public is a politician’s nightmare.
*@Dinner’s* *Ready* - Public Schools do teach about the Great Depression Of 1929, in Social Studies and American History. You probably were one of those kids who fell asleep during class, but now you’re telling everyone to *wake* *up!* 😂
@@erwinkunze4091 You're probably right. I slept during those classes (although I did know about the crash.....just not the mechanics of it). Here I am 55 years later with a fascinating interest in history.
Today's stock market is a pure ponzi with zero fundamentals. At least in '29 the people knew better times were ahead. Today worse times are ahead for generations to come... hundreds of years. The upcoming crash should shave at least 97.5 percent off the major U.S. stock market indexes.
pure propaganda from the losers of the American Revolutionary War
Rome was the greatest empire ever built, yet it falls. America will be no different.
Rome still rules the world they just cloth themselves in religious group.Watch ex Jesuit Priest Alberto Rivera.
After 2000 years.
@@ChrisDodges123 Jesus Christ Empire is coming and it will last forever.
Will be? Already has, a good while ago...
Do you mean to come across as eager about it?
I think there are a few key takeaways from these events: Don't invest more than you can afford to lose, stay broadly diversified, keep personal living expenses low, avoid debt. These events are gifts if you can survive them and have a long term investing perspective.
People whop were diversified lost everything in the '29 crash. All you can do today is go 50 percent long stocks and 50 percent short stocks and it comes down to skill instead of dumb luck or bad luck.
Don't buy on margins. Don't get hooked into FOMO (fear of missing out) Don't get caught up chasing shiny object syndrome stocks. And stay out of debt.
There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading, but then again what do I really know? I'm just looking for the right moves to grow and hedge my stagnant reserve of $370k from inflation.
Time in the market beats market timing. Some people think they can view investing as a get-rich-quick scheme, but it doesn't quite work that way.
These market uncertainties are why I don't base my judgments and decisions in the market on rumors and hearsay. I got the best of me in 2020 which made me occupy a worthless position in the market, I had to reorganize my entire portfolio using an advisor, before I started to see significant results happen in my portfolio. I am still using the same advisor and I have netted over $1.5 million in 2 years, whether it's a bull or bear market, both generate good profits, it all depends on where you're looking.
@@CynthiaByrd648 Admittedly we are only one information away from amassing wealth, I know many people who made their fortunes from the Dotcom crash as well as the 08' crash and i have researched similar opportunities in this current market, could this person who guides you help?
My advisor "LISA ELLEN SHAW" is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversification as a bear market buffer and is considered an expert in that field. I recommend doing further research on her references. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market profitably.
@@CynthiaByrd648 This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
The difference between Wall St. of 1929 and Wall St. of today? - Today, you can't open the windows of the tall buildings!
And here we've come, almost full circle. The roaring 20's again... :(
No kidding
Ironic aint it ?
🤯
th3azscorpio
Worse actually 🤔 💭
It’s global recession, depression - chance of full collapse now
Roaring? Hell no! LMAO. We are in 1928 right now. More like the roaring 2010s.
A fact always ignored by those who impose history upon us is that in 1920, there was a stock market crash that was way bigger in magnitude, but, contrary to the 1929 crash, that earlier crash stayed a financial crisis while the 1929 one became an economic crisis. This happened because the federal reserve kept the money circulating in 1920, while in 1929 the federal reserve blocked all the money from going out of their banks. The latter led to people having no money to spend on anything and the factories didn't have any money to pay wages, resulting in a halt of production and the economy went bye-bye Kansas. So, the so-called "great depression" was caused by the federal reserve, a private bank, by the way. After a few years, the federal reserve bought over six-thousand bankrupt banks to add to their tally. There you go.
Crash by design, those fat cats like to play with the milllions morons
One promise of the fed rsrv bank cartel...was that they would bring stability to the markets.
I read about the 1920 crisis...Herbert Hoover did not step in with any useless 'new deal' socialist crap.
He just let the market correct itself.
If there is 'Great Depression 2.0', I hate to think how much 'intervention' the gov't will do to screw up any recovery.
The federal reserve is NOT a private bank. it also did NOT block money going to the people and you have zero understanding of how the federal reserve system works or what it is or does nor do you understand the great depression or other economic history of the 20th century. I have studied all of the above under the tutelage of my grandfather who was a manager of the Federal Reserve Bank of Boston 1929-1942.
@@nunyabiznez6381 studied lies..good job!!
@@JM-si8xr You should have your doctor check the dosage of your medication.
I’d be retiring or working less in 5 years, and considering this financial recession, I’m curious to know best how people split their pay, how much of it goes into savings, spending or investments, I earn around $250K per year but nothing to show for it yet.
Do you have a 401k? you should contribute to your retirement diligently, or better still look into financial planning
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28, fast forward time... I'm 50 now, got laid off March 2020 amidst lockdown, a blessing in disguise. At once, I consulted an advisor to stay afloat and with subsequent investments, I'm only 15% short of $1m as of today.
this is huge! would love to grow my reserve regardless of the economy situation, my 401k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
My adviser is "Debra Ella Nicholas". She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
Thanks a lot for this suggestion. I needed this myself so I looked her webpage up, and I have sent her an email. I hope she gets back to me soon.
Just goes to prove the concept: "Don't gamble with money you can't afford to lose!!". Speculative investments - stocks, futures, loaning money you don't actually have, etc... all essentially gambling.
i LOVE MY SPECULATIVE MONEY!
But keeping your banknotes under your mattress is like sleeping on an leaking inflatable bed.
Responsible, reasonable, and evidence-based long term investing in stocks is NOT gambling. It’s wise and necessary when possible. Trading (futures, options, common stocks, commodities, currencies, gold, etc.) is a dumb idea for most people, and trading on margin makes you 100x dumber
The only good thing about history is to learn from its mistakes....”Nothing good comes easy”.... perhaps we’ve haven’t quite grasped that ...
Thank you so much for an excellent and comprehensive revisit👍
Well said,,David,,couldn't agree more!!👍
I'm watching this on 10th March 2020... Anyone else?
March the 13 🙃
March 13 all schools in Louisiana have now been closed from the 16 till April 13. And my prom got CANCELED! 😤😡
Watch this after March 2013. The president just had a meeting with the executives and they pump the market again
@@traderknightzbitcoinuniver8168 yes... They will do it again... But how long...
COPY THAT scary how they are similar factors like one of them is consumer spending. Buy now pay later
What is the best way to profit from the current market, meanwhile I'm still undecided about investing $400k in my stock portfolio to get some dvidends and minimize risk
Pls who is this coach that guides you? I’m in dire need of one
I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks
Bitcoin and Ethereum
Learn how to swing trade.
My folks rather looked down on credit cards in the early '60s after living thru depression they weren't takin any chances
It was a wise decision from them.
My father bought a home and cars on credit. Never had any credit cards
6k in savings also was a house back then.
@M Y, Indeed, in the early 1990s one could buy a house in parts of the Midwest US for 3K or thereabouts.
6k is like 100k now!
Jesus christ
@@tatialo37 more like 1m...in nyc 1 bedroom sales start at 900-1m
@@MrBaver for real ??
I'm just here because of the quarantine and our history teacher is making us do a report on this
Good. Your teacher is teaching you important and useful staff. I wish my teachers taught me that.
@@belledenuit1992 the funny thing is that when i lived in the states I knew about the great depression but I didnt know all of this. Its much more complex than I thought. But now that I've moved to Mexico I'm learning some things about US history that I didn't know before, and I'm in 8th grade, my school there should've taught me this stuff.
Izzy - YOU are part of a NEVER before seen Crisis! ☣️
Izzy
Wish I had a teacher like yours
Is she teaching you?
Or preparing you for near future life?
I contemplate whether individuals who lived through the Great Depression had it comparatively easier, as my stock portfolio has already suffered a loss of over $27k. With my stagnant reserve, I fear for the prospects of my retirement.
You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.
To be safe and not second guess your market decisions, I’d suggest you reach out to a proper investment adviser for guidance, they understand better market patterns and adjusting portfolio to match up with these market trends.
This is probably what I should do. Who is your advisor, please?
Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I really appreciate your useful advice. I was able to set up a call with her and confirm her identity. She seems incredibly knowledgeable, and I appreciate your advice so much.
1929: Crashes
2020: Hold my beer
Corona beer to be exact 😂
You are all stupid!
This morning I perused my Yahoo news as I do each day, and came across an article on a young lady in the US, who was visibly upset as to how she found it near impossible to find diapers for her baby daughter. Her plea went viral, and while I can truly sympathsise with her because of the selfish, and inconsiderate mongrels who are stockpiling, I just wish to point out, that back when my kids were babies, then toddlers, we used terry toweling diapers, or as we called them here in Australia, nappies. We would add a nappy liner, which was akin to a Chux super wipe, which contained the poo. That was flushed down the toilet, and the nappy/diaper was then placed in a special bucket with a lid to soak prior to placing in the washing machine.
So, rather than traipse from store to store looking for disposable diapers/nappies, I would suggest that Mothers with young babies and toddlers go back to basics on this one item, and consult their parents, or grandparents in how a cloth nappy is applied and fastened with a safety pin. Good luck, hope this has helped in some way...
Amen we got 20 of those just lately on ebay and thanks for the tip on the liners :) Just need that big ole safety pin for the front :)
@@Pure-Crystal-Fire You're welcome. As for the safety pin, you could try a Pharmacy/Chemist/Drugstore for one. The type we used had a safety hood that slid over the point to prevent it springing open. Cheers...
@Debi Burge They'll certainly need some tuition. Thanks for your feedback, cheers...
Its not her fault!
There are other people to blame but you can say it's her fault also if ignorance is to blame. We have been fed a bunch of lies that cause us to live like this, when other know better. Remember why old people kept they money under there beds, why dont we?
There might be a bank run next and i know for a fact 80 - 90% that most people dont have cash on hand but in the bank that can be turned off at anytime.
@@jonmcclane4946 Back in 1929, I don't imagine the Government of the day gave out a stimulus package to help the populace through such a soul destroying time.The fact that the people made a run on the banks, tells me there were no hand outs, let alone unemployment benefits. By contrast today, our Government will be dropping a couple of extra one off $750 payments into Pensions, and other welfare recipient's bank accounts, on top of what they already receive.The current single Old Age Pension rate is near $1000 a fortnight. Newstart allowance of $550 (unemployment benefits), will double by the 17th of April to $1100 a fortnight, and will continue until the virus has passed. This temporary measure to be introduced, is due to the thousands of people now stood down from what is considered non-essential employment, to help them through the crisis, whereby they'll be joining the ranks of the unemployed, until such time that they can resume their full time employment. At that time pensions and Newstart allowance will revert back, albeit I imagine with a further increase over current rates. I guess at current percentage rates on savings accounts, it almost equals "under the mattress" returns. Cheers and thanks for your feedback. Stay safe...