1929 Stock Market Crash and the Great Depression - Documentary

Ойын-сауық

Brief History of that other economic designed crash of 1929
BBC documentary
If you like this check out our other videos:
The BLACK Wednesday Stock Market Crash: • Black Wednesday - Stoc...
How JP Morgan Started: • How JP Morgan Started ...
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On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression (1929-39), the deepest and longest-lasting economic downturn in the history of the Western industrialized world up to that time.
1929 Stock Market Crash
During the 1920s, the U.S. stock market underwent rapid expansion, reaching its peak in August 1929, after a period of wild speculation. By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. Among the other causes of the eventual market collapse were low wages, the proliferation of debt, a struggling agricultural sector and an excess of large bank loans that could not be liquidated.
Stock prices began to decline in September and early October 1929, and on October 18 the fall began. Panic set in, and on October 24, Black Thursday, a record 12,894,650 shares were traded. Investment companies and leading bankers attempted to stabilize the market by buying up great blocks of stock, producing a moderate rally on Friday. On Monday, however, the storm broke anew, and the market went into free fall. Black Monday was followed by Black Tuesday (October 29), in which stock prices collapsed completely and 16,410,030 shares were traded on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors, and stock tickers ran hours behind because the machinery could not handle the tremendous volume of trading.
1929 Stock Market Crash and the Great Depression
After October 29, 1929, stock prices had nowhere to go but up, so there was considerable recovery during succeeding weeks. Overall, however, prices continued to drop as the United States slumped into the Great Depression, and by 1932 stocks were worth only about 20 percent of their value in the summer of 1929. The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America’s banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce.
#Market #Crash #GeatDepression #documentary_films #Documentary #Full_Documentary #doсumentary #full_doсumentary #Doсumentary_Films #Documentaries

Пікірлер: 9 500

  • @Raymondjohn2
    @Raymondjohn211 ай бұрын

    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.

  • @hermanramos7092

    @hermanramos7092

    11 ай бұрын

    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.

  • @martingiavarini

    @martingiavarini

    11 ай бұрын

    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

    @Oly_laura

    11 ай бұрын

    @@martingiavarini Well if isn’t that the hard truth…this investment-adviser that guides you must really on to something…who is he?

  • @martingiavarini

    @martingiavarini

    11 ай бұрын

    @@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.

  • @Oly_laura

    @Oly_laura

    11 ай бұрын

    @@martingiavarini Thanks for the contributions, I just skimmed through Catherine Morrison Evans webpage, interesting stuff, wrote her an email.

  • @lawerencemiller9720
    @lawerencemiller97202 ай бұрын

    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.

  • @alexyoung3126

    @alexyoung3126

    2 ай бұрын

    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.

  • @jessicamoore3093

    @jessicamoore3093

    2 ай бұрын

    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

  • @jessicamoore3093

    @jessicamoore3093

    2 ай бұрын

    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.

  • @timopint1125

    @timopint1125

    Ай бұрын

    thanks cpt obvious

  • @mandohunter8509

    @mandohunter8509

    Ай бұрын

    Huh?

  • @kaylawood9053
    @kaylawood9053 Жыл бұрын

    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

  • @AddilynTuffin

    @AddilynTuffin

    Жыл бұрын

    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.

  • @albacus2400BC

    @albacus2400BC

    Жыл бұрын

    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?

  • @albacus2400BC

    @albacus2400BC

    Жыл бұрын

    I searched her name and her website popped up immediately on google, interesting stuff so far, about to schedule a session with her.

  • @mikedosegaming4298

    @mikedosegaming4298

    6 ай бұрын

    Wow, That’s amazing Congrats

  • @hattrick5076

    @hattrick5076

    6 ай бұрын

    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??

  • @Erinmills98
    @Erinmills98 Жыл бұрын

    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.

  • @AstaKristjan

    @AstaKristjan

    Жыл бұрын

    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.

  • @simonbad

    @simonbad

    Жыл бұрын

    @@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.

  • @user-sb6po3yj7d

    @user-sb6po3yj7d

    Жыл бұрын

    @@simonbad Fantastic! can u share more details?

  • @simonbad

    @simonbad

    Жыл бұрын

    @@user-sb6po3yj7d Visit her web-page to know more on the services she can render.

  • @carknower

    @carknower

    Жыл бұрын

    Buy FTC

  • @romalawal1289
    @romalawal12894 жыл бұрын

    ONE THING THAT WE LEARN FROM HISTORY, IS THAT WE DON'T LEARN FROM HISTORY.

  • @BigRed2

    @BigRed2

    4 жыл бұрын

    samantha tang Um you can’t borrow money to invest in the market folks it’s not allowed so obviously we learned something

  • @Jesseg-rj6xf

    @Jesseg-rj6xf

    4 жыл бұрын

    Bring on the crisis...time to buy 😎

  • @BigRed2

    @BigRed2

    4 жыл бұрын

    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

    @jeremycooper2065

    4 жыл бұрын

    @samantha tang hold on learning from history and learning from the past are the same fucking thing dickhead who are you calling stupid

  • @ct8618

    @ct8618

    4 жыл бұрын

    @@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.

  • @parrish8386
    @parrish83869 ай бұрын

    I am really worried about the current crisis/interest rates, these are all the signs of yet another 2008 market crash 2.0 , so my question is do I still save in the United States dollar or is this a good time to buy gold?

  • @TomD226

    @TomD226

    9 ай бұрын

    True, a lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $550k so far.

  • @lowcostfresh2266

    @lowcostfresh2266

    9 ай бұрын

    @@TomD226 Please pardon me, who guides you on the process of it all?

  • @TomD226

    @TomD226

    9 ай бұрын

    @lowcostfresh2266 Laurel Dell Sroufe is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

  • @leojack9090

    @leojack9090

    9 ай бұрын

    @@TomD226 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

  • @lukeyarasheski5510

    @lukeyarasheski5510

    9 ай бұрын

    Why worry? Inflation would be much higher if there was gonna be a problem. It's not like they can manipulate the CPI or anything....

  • @johnlennon232
    @johnlennon2326 ай бұрын

    What are the best strategies to protect my portfolio from a crash? I've heard that the market crash will devastate the financial market, so I'm concerned about my $200k portfolio.

  • @alexyoung3126

    @alexyoung3126

    6 ай бұрын

    Amidst recession, investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor

  • @lawerencemiller9720

    @lawerencemiller9720

    6 ай бұрын

    Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them? My portfolio is in the red waters right now

  • @lawerencemiller9720

    @lawerencemiller9720

    6 ай бұрын

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

  • @ilkerkuyumcu1205

    @ilkerkuyumcu1205

    5 ай бұрын

    If you cash the 200k out, do you really get 200k on your bank?

  • @gregorylyon1004

    @gregorylyon1004

    4 ай бұрын

    Investments are really just speculation. Nobody really knows what's best to invest in next year. I would minimize the risk in our current economy. We all know that Wall Street is nothing but a Ponzi scheme

  • @bobbymainz1160
    @bobbymainz11609 ай бұрын

    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?

  • @williamyejun8508

    @williamyejun8508

    9 ай бұрын

    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.

  • @jameswood9772

    @jameswood9772

    9 ай бұрын

    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.

  • @alexyoung3126

    @alexyoung3126

    9 ай бұрын

    This is probably what I should do. Who is your advisor, please?

  • @jameswood9772

    @jameswood9772

    9 ай бұрын

    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

  • @alexyoung3126

    @alexyoung3126

    9 ай бұрын

    I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds

  • @okiegrown374
    @okiegrown3742 жыл бұрын

    “Market manipulation was rampant.” Sounds like nothing has changed in the past 90 years

  • @macclark4112

    @macclark4112

    2 жыл бұрын

    In Fact this is the 90 year cycle upon us this year. And this is a well known cycle.

  • @punker4Real

    @punker4Real

    2 жыл бұрын

    @@macclark4112 can't wait tell the 2021/2022 melt down it' going to be epic

  • @alessandronarom6751

    @alessandronarom6751

    2 жыл бұрын

    🤔 i wouldn't say that, we fart a lot better 😂🤣😂🤣😂🤣😂

  • @parkerbohnn

    @parkerbohnn

    2 жыл бұрын

    @@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.

  • @darrelljohnson1319

    @darrelljohnson1319

    2 жыл бұрын

    Govt manipulation as always

  • @CharlotteJacobsons
    @CharlotteJacobsons8 ай бұрын

    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

  • @Patriciacraig599

    @Patriciacraig599

    8 ай бұрын

    Me too. I want to build wealth through taking the time and effort to consistently invest but i lack good knowledge and strategy to outperform the market, yielding good returns. I have $60k i want to transfer into an s&s isa but its hard to bite the bullet and do it.

  • @user-cy7bs3hb8v

    @user-cy7bs3hb8v

    8 ай бұрын

    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

  • @Christine-ce4xo

    @Christine-ce4xo

    8 ай бұрын

    I agree. Based on firsthand encounter with a fiduciary counselor Deborah Jean Dykstra i have $385k in a well diversified portfolio which has grown by 3x with compounding, venturing doesn’t necessarily boil down to money but you also have to be informed, be patient and back it up with good hands

  • @CharlotteJacobsons

    @CharlotteJacobsons

    8 ай бұрын

    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

  • @Christine-ce4xo

    @Christine-ce4xo

    8 ай бұрын

    My adviser is “Deborah Jean Dykstra” You can easily look her up. She has years of financial market experience and she is also FINRA & SEC verifiable.

  • @ExxonMobilCompany
    @ExxonMobilCompany11 ай бұрын

    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.

  • @obodoaghahenry9297

    @obodoaghahenry9297

    11 ай бұрын

    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.

  • @charlotteflair1043

    @charlotteflair1043

    11 ай бұрын

    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.

  • @marcelrobert9569

    @marcelrobert9569

    11 ай бұрын

    @@charlotteflair1043 Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.

  • @charlotteflair1043

    @charlotteflair1043

    11 ай бұрын

    @@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.

  • @robertlucas8288

    @robertlucas8288

    11 ай бұрын

    @@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.

  • @williamyejun8508
    @williamyejun85086 ай бұрын

    I wonder if people that experienced the 2008 crash had it easier because. my portfolio has lost over $27000 and I don't see my retirement turning out well when I can't even grow my stagnant reserve

  • @alexyoung3126

    @alexyoung3126

    6 ай бұрын

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

  • @lawerencemiller9720

    @lawerencemiller9720

    6 ай бұрын

    Due to the significant dips, I require guidance in order to recover my portfolio and develop stronger tactics. Where can I find this advisor?

  • @lawerencemiller9720

    @lawerencemiller9720

    6 ай бұрын

    Thanks, I just googled her I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

  • @leondonald
    @leondonald2 ай бұрын

    With Market tumbling, Inflation Soaring, Is the stock market actually getting better or could this be the regular new year market manipulation to entice new investors? I'm currently sitting on $500k inheritance and just wondering what better assets than stocks to invest in right now

  • @donna_martins

    @donna_martins

    2 ай бұрын

    You need a certified financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but am comfortable in my financial environment

  • @robert-1miller

    @robert-1miller

    2 ай бұрын

    No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.

  • @Trevor_Morrow_LTD

    @Trevor_Morrow_LTD

    2 ай бұрын

    I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

  • @robert-1miller

    @robert-1miller

    2 ай бұрын

    'NATALIE NOEL BURNS' 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.

  • @Trevor_Morrow_LTD

    @Trevor_Morrow_LTD

    2 ай бұрын

    Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

  • @Jamieboogiespencer
    @Jamieboogiespencer4 жыл бұрын

    its 2020, anybody here reading this thinking History will soon repeat itself.

  • @aaronkelly3035

    @aaronkelly3035

    4 жыл бұрын

    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

  • @korilynn5784

    @korilynn5784

    4 жыл бұрын

    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.

  • @dianebrady6784

    @dianebrady6784

    4 жыл бұрын

    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!!!!!

  • @JS-ue5fp

    @JS-ue5fp

    4 жыл бұрын

    It's coming

  • @mdlclassworker3384

    @mdlclassworker3384

    4 жыл бұрын

    @@dianebrady6784 -- happened in 2008 also, I'm watching this today as the stock market is down over 700 points for the second day ?

  • @kimyoung8414
    @kimyoung841411 ай бұрын

    I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.

  • @alexyoung3126

    @alexyoung3126

    11 ай бұрын

    There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

  • @joesphcu8975

    @joesphcu8975

    11 ай бұрын

    I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

  • @lawerencemiller9720

    @lawerencemiller9720

    11 ай бұрын

    I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

  • @joesphcu8975

    @joesphcu8975

    11 ай бұрын

    Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. “Eileen Ruth Sparks” is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

  • @lawerencemiller9720

    @lawerencemiller9720

    11 ай бұрын

    I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks

  • @rannyorton
    @rannyorton8 ай бұрын

    It surprises me why everybody gets really worked up about inflation and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.

  • @Robertgriffinne

    @Robertgriffinne

    8 ай бұрын

    I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $21k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

  • @Natalieneptune469

    @Natalieneptune469

    8 ай бұрын

    True. I first came across investing in the market in 2019. Already stashed about $80k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.

  • @rannyorton

    @rannyorton

    8 ай бұрын

    Hi , please who is the expert assisting you and how do I reach out to them?.

  • @Natalieneptune469

    @Natalieneptune469

    8 ай бұрын

    My adviser is “Kate Elizabeth Amdall” You can easily look her up. She has years of financial market experience and she is also FINRA & SEC verifiable.>

  • @rannyorton

    @rannyorton

    8 ай бұрын

    I'm definitely gonna check her out. Do yo have any idea if she manages family fund?

  • @aemrt5745
    @aemrt57453 жыл бұрын

    "History dosen't repeat itself but it often rhymes." Mark Twain

  • @aemrt5745

    @aemrt5745

    3 жыл бұрын

    @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?

  • @salonirohilla6851

    @salonirohilla6851

    3 жыл бұрын

    Damn that's deep

  • @cubes6351

    @cubes6351

    3 жыл бұрын

    @@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

  • @aemrt5745

    @aemrt5745

    3 жыл бұрын

    @@cubes6351 "...in this world, nothing is certain except death and taxes" Benjamin Franklin

  • @madmadderson7318

    @madmadderson7318

    3 жыл бұрын

    Especially when your country thinks it is the only thing that exists

  • @bet_addict
    @bet_addict4 жыл бұрын

    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.

  • @rowdyrx6109

    @rowdyrx6109

    4 жыл бұрын

    bet addict wise individual.....stay smart,stay safe!

  • @Mark1959Holladay

    @Mark1959Holladay

    4 жыл бұрын

    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

  • @gilbertwest8245

    @gilbertwest8245

    4 жыл бұрын

    Smart move...

  • @10AntsTapDancing

    @10AntsTapDancing

    4 жыл бұрын

    @@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!

  • @milton112

    @milton112

    4 жыл бұрын

    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..

  • @georgewells3310
    @georgewells3310 Жыл бұрын

    When you invest you're buying a day you don't have to work

  • @lornagift6743

    @lornagift6743

    Жыл бұрын

    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

  • @thereamintle2062

    @thereamintle2062

    Жыл бұрын

    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.

  • @francesdebra6939

    @francesdebra6939

    Жыл бұрын

    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.

  • @michaeljamila7873

    @michaeljamila7873

    Жыл бұрын

    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.

  • @annabeldebra7830

    @annabeldebra7830

    Жыл бұрын

    That's true most people today have been having a lot of failures in bitcoin because of poor orientation or bad experts

  • @BrunoLuke
    @BrunoLuke9 ай бұрын

    Been watching, listening, and paying attention to all of predictions and forecasts since early Covid. He hasn't disappointed yet 👌

  • @DavidAntony-gq7id

    @DavidAntony-gq7id

    9 ай бұрын

    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

  • @BrunoLuke

    @BrunoLuke

    9 ай бұрын

    @@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

    @DavidAntony-gq7id

    9 ай бұрын

    @@BrunoLuke Despite the economic crisis and the rate of unemployment now is the best time to invest

  • @BrunoLuke

    @BrunoLuke

    9 ай бұрын

    @@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👌

  • @DavidAntony-gq7id

    @DavidAntony-gq7id

    9 ай бұрын

    @@BrunoLuke Thank you, Going through her profile on her webpage out of curiosity, and surprisingly she seems proficient. I appreciate this.

  • @michaelmyers8596
    @michaelmyers85964 жыл бұрын

    Woah I can’t believe they’re making a sequel!

  • @paganrythyms

    @paganrythyms

    4 жыл бұрын

    Of all people Michael, you should expect a sequel.

  • @Jace888

    @Jace888

    4 жыл бұрын

    🤣

  • @75aces97

    @75aces97

    4 жыл бұрын

    Yeah, but they're usually not as good as the original. I don't like the Previews I've seen for the sequel.

  • @foxy70yearsago37

    @foxy70yearsago37

    4 жыл бұрын

    Aha! Best comment!

  • @dylanlewis7406

    @dylanlewis7406

    4 жыл бұрын

    @@paganrythyms yeeee baby yeeeee!!

  • @raheelakhtar7
    @raheelakhtar74 жыл бұрын

    “Buy now pay later”. 1919. So in a 100 years we haven’t learned anything! 🤔

  • @indy_go_blue6048

    @indy_go_blue6048

    4 жыл бұрын

    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.

  • @tylerjodeblock1224

    @tylerjodeblock1224

    4 жыл бұрын

    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.

  • @TheHstupp

    @TheHstupp

    4 жыл бұрын

    greed is good!

  • @TheHstupp

    @TheHstupp

    4 жыл бұрын

    the greedy snake eats itself

  • @phillhuddleston9445

    @phillhuddleston9445

    4 жыл бұрын

    You got it!

  • @floxydorathy6611
    @floxydorathy66118 ай бұрын

    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

  • @floxydorathy6611

    @floxydorathy6611

    8 ай бұрын

    Pls who is this coach that guides you? I’m in dire need of one

  • @floxydorathy6611

    @floxydorathy6611

    8 ай бұрын

    I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks

  • @nielgregory108

    @nielgregory108

    7 ай бұрын

    Bitcoin and Ethereum

  • @evl150

    @evl150

    7 ай бұрын

    Learn how to swing trade.

  • @rpmcmurphey927
    @rpmcmurphey9274 жыл бұрын

    "It's a big club and you ain't in it" - G. Carlin

  • @dejavonrinker364

    @dejavonrinker364

    4 жыл бұрын

    I couldn't help but bust out laughing on that one. Thanks

  • @flamechick6

    @flamechick6

    4 жыл бұрын

    Rest in peace

  • @j.pjoseph8491

    @j.pjoseph8491

    4 жыл бұрын

    R.i.p

  • @SF-fb6lv

    @SF-fb6lv

    4 жыл бұрын

    He started out as a comedian and ended up a philosopher and socioligist.

  • @JuanitaLRL

    @JuanitaLRL

    4 жыл бұрын

    Would you Truly want 2bn that Club??? Thinking NOW ♡ Ever Learning Process

  • @ayycarlito
    @ayycarlito4 жыл бұрын

    Who's watching this in 2020 after the stock market crashed due to COVID-19 👀

  • @ywe3

    @ywe3

    4 жыл бұрын

    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

  • @squarecracker

    @squarecracker

    4 жыл бұрын

    @@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.

  • @jonci9712

    @jonci9712

    4 жыл бұрын

    squarecracker What do you mean? What does your symbolism mean?

  • @jonci9712

    @jonci9712

    4 жыл бұрын

    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.

  • @squarecracker

    @squarecracker

    4 жыл бұрын

    @@jonci9712 it means don't buy now, buy in 5 or 10 years if we have hit a bottom

  • @gregorywhem
    @gregorywhem7 ай бұрын

    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

  • @EverlyndPerez

    @EverlyndPerez

    7 ай бұрын

    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

  • @HarrisRyan-oy8eo

    @HarrisRyan-oy8eo

    7 ай бұрын

    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

  • @DougRoberts-ir4mj

    @DougRoberts-ir4mj

    7 ай бұрын

    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

  • @HarrisRyan-oy8eo

    @HarrisRyan-oy8eo

    7 ай бұрын

    *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.

  • @BenTodd-fl8nv

    @BenTodd-fl8nv

    7 ай бұрын

    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.

  • @michaelrutjens5616
    @michaelrutjens5616 Жыл бұрын

    The more stocks drop, the more I buy, I'm just focused on making better investments and earning more, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 2months, and it would really help if you could make a video covering these strategies.

  • @stevensmiddlemass2072

    @stevensmiddlemass2072

    Жыл бұрын

    I’m new to investing and I basically have cash sitting duck in my bank and I’d really love to put it to good use considering the all time high inflation rate, who is this advisor that guides you, mind I look into them?

  • @stevensmiddlemass2072

    @stevensmiddlemass2072

    Жыл бұрын

    Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @ardalla535
    @ardalla5354 жыл бұрын

    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.

  • @michaelszczys8316

    @michaelszczys8316

    4 жыл бұрын

    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.

  • @lylecosmopolite

    @lylecosmopolite

    3 жыл бұрын

    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

    @Getemtone

    3 жыл бұрын

    Imagine if you woulda held on to it??? you woulda been winning right now...IJS....

  • @darthvader5300

    @darthvader5300

    3 жыл бұрын

    @@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!

  • @lylecosmopolite

    @lylecosmopolite

    3 жыл бұрын

    @Corona Pyrrhus What is wrong with the story that if the Fed increases (decreases) interest rates, stock prices tend to decline (rise).

  • @jackwoodford519
    @jackwoodford5193 жыл бұрын

    And here we are in the 20s, again, ready to do it all again...

  • @mrleafbeef634

    @mrleafbeef634

    3 жыл бұрын

    Gold is the only way out. Only way to end inflation

  • @marcoAKAjoe

    @marcoAKAjoe

    3 жыл бұрын

    @@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

  • @marcoAKAjoe

    @marcoAKAjoe

    3 жыл бұрын

    How do we prepare financially?

  • @kimberiysmarketstrategy

    @kimberiysmarketstrategy

    3 жыл бұрын

    Don’t forget the ladies ...

  • @GLoGTown

    @GLoGTown

    3 жыл бұрын

    SLV to the goddamn 🌙!!!

  • @lailaalfaddil7389
    @lailaalfaddil738911 ай бұрын

    Investment in stocks is a great way to invest your money. The team is constantly checking the market for changes and make sure that you are always informed about the best time to invest. As a result, I have made more money than ever before, and I don't have to manage my portfolio on my own! Invest in stocks, it's worth it!

  • @lailaalfaddil7389

    @lailaalfaddil7389

    11 ай бұрын

    *ROCHELLE DUNGCA-SCHREIBER* is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.

  • @MIchaelGuzman737
    @MIchaelGuzman737 Жыл бұрын

    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.

  • @Ammo-Hoarder

    @Ammo-Hoarder

    Жыл бұрын

    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.

  • @CynthiaByrd648

    @CynthiaByrd648

    Жыл бұрын

    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.

  • @kashkat987

    @kashkat987

    Жыл бұрын

    @@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?

  • @CynthiaByrd648

    @CynthiaByrd648

    Жыл бұрын

    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.

  • @kashkat987

    @kashkat987

    Жыл бұрын

    @@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.

  • @philipmoreau1224
    @philipmoreau12244 жыл бұрын

    Buy Now, Pay Later. Live For The Moment. History repeats itself.

  • @coiledsteel8344

    @coiledsteel8344

    4 жыл бұрын

    Philip Moreau - Great comments! Now go back and read mine please! They should be up front.

  • @nocturnalfolf6097

    @nocturnalfolf6097

    4 жыл бұрын

    Pray first, and God will provide as long as you believe it so. :)

  • @batuach100

    @batuach100

    4 жыл бұрын

    Federal Bureau of Investigation We would all be killing Hitler. Instantly

  • @mikelee6396

    @mikelee6396

    4 жыл бұрын

    Walmart

  • @SF-fb6lv

    @SF-fb6lv

    4 жыл бұрын

    But you can't live zero for the moment; that would be mismanagement of life too...I live probably 5% for the moment.

  • @jessiej3991
    @jessiej39914 жыл бұрын

    " History most absolutely repeats itself over & over and those who fail to learn from history are doomed to repeat it "

  • @ashleyeldorado7750

    @ashleyeldorado7750

    4 жыл бұрын

    Well then ww3 is around the corner

  • @chernorizetzhrabar1313

    @chernorizetzhrabar1313

    4 жыл бұрын

    History doesn't repeat itself alone. People repeat history on purpose over certain periods of time to transfer wealth and reduce human population.

  • @foxy70yearsago37

    @foxy70yearsago37

    4 жыл бұрын

    Aha it's not like were all going through the same thing..... aha... right?...... Jesus we're all FUCKED

  • @accumulatingtsla7317

    @accumulatingtsla7317

    4 жыл бұрын

    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.

  • @kittylozon2106

    @kittylozon2106

    4 жыл бұрын

    @@ashleyeldorado7750 , There was a warning already for China.

  • @sherryie2
    @sherryie211 ай бұрын

    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.

  • @Mcllwain

    @Mcllwain

    11 ай бұрын

    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.

  • @kurttSchuster

    @kurttSchuster

    11 ай бұрын

    @@Mcllwain 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.

  • @tonicruger

    @tonicruger

    11 ай бұрын

    @@kurttSchuster 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.

  • @Harperrr.99

    @Harperrr.99

    11 ай бұрын

    @@tonicruger 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.

  • @tonicruger

    @tonicruger

    11 ай бұрын

    @@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...

  • @HoraceWatres
    @HoraceWatres6 ай бұрын

    Hey, have you guys seen the market lately? My stock portfolio has taken quite a hit, My tech stocks have been plummeting. And also my energy sector investments have also been suffering. I have lost almost $120K in my stock portfolio. it's been a rough ride.

  • @JordanReam8186

    @JordanReam8186

    6 ай бұрын

    I think there are a few factors at play. Inflation is rising, and the Fed is talking about interest rate hikes. That's spooking investors. Geopolitical tensions are playing a role too. The ongoing trade disputes and conflicts are making everyone nervous.

  • @Mckennie61751

    @Mckennie61751

    6 ай бұрын

    When it comes to investing, the stock market can be a fantastic opportunity, but it is not without risk. My advisor thought me Diversification is essential to balance possible rewards and risk, to consider a combination of stocks, bonds, and other assets. It's a good idea to consult with a financial advisor who can help tailor your financial plan to your specific goals and circumstances

  • @ElenaFrankfurter

    @ElenaFrankfurter

    6 ай бұрын

    I get it, but I'm concerned about risk. What if I lose my savings in the market? Please who is this advisor that guides you?

  • @Mckennie61751

    @Mckennie61751

    6 ай бұрын

    Credits to *Sharon Louise Count* one of the best portfolio manager;s out there. she;s well known, you should look her up

  • @Redwood4040

    @Redwood4040

    6 ай бұрын

    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.

  • @servantofthelamb7880
    @servantofthelamb78804 жыл бұрын

    KZread algorithm clearly recognizes a panic right now.

  • @moisessaldana389

    @moisessaldana389

    4 жыл бұрын

    I actually looked this up because of my hunch that this was about something more then the corona virus

  • @alexd3693

    @alexd3693

    4 жыл бұрын

    11 years of stock market gains -- 2010s 10 years of stock market gains -- 1920s What now?

  • @generalaccount6531

    @generalaccount6531

    4 жыл бұрын

    @@alexd3693 Buy the dip. Not in next week tho. Monday is gonna be blood red again.

  • @dater58

    @dater58

    4 жыл бұрын

    Yup

  • @tallaganda83

    @tallaganda83

    4 жыл бұрын

    I googled it myself. Wondering how much worse this one will be.

  • @johnstacy7956
    @johnstacy79563 жыл бұрын

    I love how all the adds I get while watching this are Get-Rich-Quick schemes.

  • @newtschmidt525

    @newtschmidt525

    3 жыл бұрын

    Lol

  • @canadianfortrump4057

    @canadianfortrump4057

    3 жыл бұрын

    It never occurred to me. Quite the irony and a very good point.

  • @shabbiralipalasaniya8480

    @shabbiralipalasaniya8480

    3 жыл бұрын

    Use brave browser

  • @hemidas

    @hemidas

    3 жыл бұрын

    Use adblock.

  • @verbalkint1770

    @verbalkint1770

    2 жыл бұрын

    Use toilet paper

  • @mathebulamkhize876
    @mathebulamkhize876 Жыл бұрын

    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.

  • @johncronin9540

    @johncronin9540

    Жыл бұрын

    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.

  • @honorladone8682
    @honorladone8682 Жыл бұрын

    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

  • @judah6152
    @judah61524 жыл бұрын

    The Great Depression 2020: The remix

  • @rainy905

    @rainy905

    4 жыл бұрын

    Judah more like a sequel

  • @rome71rome

    @rome71rome

    4 жыл бұрын

    Lol

  • @kyliefan7

    @kyliefan7

    4 жыл бұрын

    And what do you invest your money in?

  • @kyliefan7

    @kyliefan7

    4 жыл бұрын

    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!

  • @ilovenyc2129

    @ilovenyc2129

    4 жыл бұрын

    Matt Barnes dave ramsey fan?

  • @thebarky1988
    @thebarky19884 жыл бұрын

    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.

  • @anthonyhutchins2300

    @anthonyhutchins2300

    4 жыл бұрын

    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.

  • @thebarky1988

    @thebarky1988

    4 жыл бұрын

    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.....

  • @moneymotivationmadness3275

    @moneymotivationmadness3275

    4 жыл бұрын

    Boom. Lol

  • @moneymotivationmadness3275

    @moneymotivationmadness3275

    4 жыл бұрын

    9 years early

  • @TheLegofreak99

    @TheLegofreak99

    4 жыл бұрын

    Let's only hope it doesn't get worse from here.

  • @patmelton43
    @patmelton432 жыл бұрын

    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.

  • @parkerbohnn

    @parkerbohnn

    2 жыл бұрын

    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.

  • @sunnyhill5119

    @sunnyhill5119

    2 жыл бұрын

    @@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.

  • @parkerbohnn

    @parkerbohnn

    2 жыл бұрын

    @@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.

  • @sunnyhill5119

    @sunnyhill5119

    2 жыл бұрын

    @@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.

  • @littleripper312

    @littleripper312

    2 жыл бұрын

    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.

  • @lucasanderson8993
    @lucasanderson89936 ай бұрын

    As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

  • @legacymedia8468

    @legacymedia8468

    6 ай бұрын

    Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge

  • @chrisbluebird5037

    @chrisbluebird5037

    6 ай бұрын

    I agree. Based on personal experience working with an investment advlsor, I currently have $985k in a well-diversified portfollo that has experienced exponential growth. It's not only about having money to invest in st0cks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

  • @tommychestnut5335

    @tommychestnut5335

    6 ай бұрын

    How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

  • @chrisbluebird5037

    @chrisbluebird5037

    6 ай бұрын

    There are a lot of independent advisors you might look into. But i work with Heather Lee Larioni and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.

  • @mesutserim1595

    @mesutserim1595

    6 ай бұрын

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

  • @philtreman9944
    @philtreman99444 жыл бұрын

    " There is enough for everyones need. BUT never enough for everyones greed " Mahatma Ghandi.

  • @Pure-Crystal-Fire

    @Pure-Crystal-Fire

    4 жыл бұрын

    smart man but unsaved

  • @anthonyhutchins2300

    @anthonyhutchins2300

    4 жыл бұрын

    Pretty ironic for you to type that on your smartphone or laptop while people around the world work for a dollar a day... Lol

  • @petroleumcrypt707

    @petroleumcrypt707

    4 жыл бұрын

    Anthony Hutchins yeah like those same people don't have access to internet. Get with the times. "3rd world" is catching up.

  • @petroleumcrypt707

    @petroleumcrypt707

    4 жыл бұрын

    Ghandi was right. A shame he was a racist.

  • @omj309

    @omj309

    4 жыл бұрын

    Gandhi*

  • @EM-sz4hk
    @EM-sz4hk4 жыл бұрын

    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.

  • @briansmith5239

    @briansmith5239

    4 жыл бұрын

    Entirely different circumstances though. The stock market and financial system are way better regulated now.

  • @henryjohnfacey8213

    @henryjohnfacey8213

    4 жыл бұрын

    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.

  • @Homemovies1989

    @Homemovies1989

    4 жыл бұрын

    There was a depression in 1920. They called recessions depressions before the "great depression." There were many recessions/depressions before 1929.

  • @BRUNO1982ize

    @BRUNO1982ize

    4 жыл бұрын

    Brian Smith fed isn’t regulated

  • @somebadname6841

    @somebadname6841

    4 жыл бұрын

    29 87 08 and probably now too

  • @kg6683
    @kg66832 жыл бұрын

    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.

  • @parkerbohnn

    @parkerbohnn

    2 жыл бұрын

    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.

  • Жыл бұрын

    oh it WILL happen.. humans are stupid and greedy

  • @conlawmeateater8792

    @conlawmeateater8792

    Жыл бұрын

    I think sadly it's going to happen by 2024.

  • @Itallaboutwatithink

    @Itallaboutwatithink

    Жыл бұрын

    @@conlawmeateater8792 It's a gruesome very possible fact.

  • @robertscheinost179

    @robertscheinost179

    Жыл бұрын

    @@conlawmeateater8792 I agree.

  • @Alejandracamacho357
    @Alejandracamacho3577 ай бұрын

    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.

  • @Natalieneptune469

    @Natalieneptune469

    7 ай бұрын

    Do you have a 401k? you should contribute to your retirement diligently, or better still look into financial planning

  • @tommychestnut5335

    @tommychestnut5335

    7 ай бұрын

    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.

  • @PhilipMurray251

    @PhilipMurray251

    7 ай бұрын

    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?

  • @tommychestnut5335

    @tommychestnut5335

    7 ай бұрын

    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.

  • @Robertgriffinne

    @Robertgriffinne

    7 ай бұрын

    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.

  • @leonelchavez4469
    @leonelchavez44694 жыл бұрын

    2 months ago You tube algorithm was showing me how to become millionaire in the stock market,and today Great Depression Bruh!

  • @roxannescott6956

    @roxannescott6956

    4 жыл бұрын

    😂😂

  • @deannafromdablock1994

    @deannafromdablock1994

    4 жыл бұрын

    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

  • @roxannescott6956

    @roxannescott6956

    4 жыл бұрын

    @@deannafromdablock1994 must be a sign😥

  • @christophersuswal9544

    @christophersuswal9544

    4 жыл бұрын

    @T S well that was uncalled for

  • @meacomefeyou

    @meacomefeyou

    4 жыл бұрын

    You trusted KZread??? 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

  • @ernestkovach3305
    @ernestkovach33054 жыл бұрын

    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.

  • @PloWarrior1

    @PloWarrior1

    4 жыл бұрын

    Ernest Kovach keep your old love letters, throw away your bank statements

  • @patrickpelletier3104

    @patrickpelletier3104

    4 жыл бұрын

    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 ?

  • @karlastaley8078

    @karlastaley8078

    4 жыл бұрын

    Don't forget to stockpile clean water...

  • @theshowman1000

    @theshowman1000

    4 жыл бұрын

    buy gold silver and bitcoin and god will set you free

  • @theshowman1000

    @theshowman1000

    4 жыл бұрын

    @Alba Celani hell nah your nastiness and comments will get you too hell first than him

  • @ryanshuell
    @ryanshuell Жыл бұрын

    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.

  • @iantortorici5254
    @iantortorici52544 жыл бұрын

    Dude, 5 minutes in we already have similarities of people buying on margin like you wouldn't beleive today.

  • @easternempire2330

    @easternempire2330

    4 жыл бұрын

    And the fed throwing money into the market.

  • @moneybags179

    @moneybags179

    4 жыл бұрын

    iF I HAVE TO SHORT i WILL

  • @moneybags179

    @moneybags179

    4 жыл бұрын

    SHORTING IS BAD THIS AND SHOULD BE ABOLISHED. LIKE IN OTHER COUNTRY'S

  • @mattrussillo4587

    @mattrussillo4587

    4 жыл бұрын

    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!

  • @katarzynaswiatek729

    @katarzynaswiatek729

    3 жыл бұрын

    Hm we are com8mg for IT again....

  • @KentuckyDoug
    @KentuckyDoug3 жыл бұрын

    I watch this ever so often to stay grounded and realistic. Everyone in the market should keep this in the back of their mind

  • @Tyrunner0097

    @Tyrunner0097

    3 жыл бұрын

    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.

  • @jonburrows2684

    @jonburrows2684

    2 жыл бұрын

    @@Tyrunner0097 Gamestop gave them a dose of their own medicine. I don't think they liked that too much either.

  • @ericrener8177

    @ericrener8177

    2 жыл бұрын

    I'm scared my retirement is invested in stocks. Not even my choice of companies

  • @parkerbohnn

    @parkerbohnn

    2 жыл бұрын

    @@jonburrows2684 Gamestop bought up all the worthless AMC shares at what 1,000 times what they were really worth?

  • @Seegie16

    @Seegie16

    11 ай бұрын

    @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

  • @JulieArmstrongReidt
    @JulieArmstrongReidt Жыл бұрын

  • @terungwaawarga

    @terungwaawarga

    Жыл бұрын

    Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again

  • @terungwaawarga

    @terungwaawarga

    Жыл бұрын

    @user-gl7kd2is3q The Fin-Advisor I'm in touch with is *"Juanita Renee Hayes".* He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me his strategy works hence my result, you can look her up on web. She provides entry and exit point for the securities I focus on.

  • @HodgeChris
    @HodgeChris11 ай бұрын

    Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.

  • @carssimplified2195

    @carssimplified2195

    11 ай бұрын

    @@Brilliantrans That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

  • @carssimplified2195

    @carssimplified2195

    11 ай бұрын

    @@Brilliantrans She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

  • @mrjones7537
    @mrjones75374 жыл бұрын

    People need to be reminded of history. Instant gratification never works

  • @patrickrhealy6431

    @patrickrhealy6431

    4 жыл бұрын

    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.

  • @pablitoportero

    @pablitoportero

    4 жыл бұрын

    o seeMr Jones

  • @wesleyfoskey9314

    @wesleyfoskey9314

    4 жыл бұрын

    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

  • @merseybeat1963

    @merseybeat1963

    4 жыл бұрын

    Yes..as long as that history is based on accurate truth.

  • @Cmoney860

    @Cmoney860

    4 жыл бұрын

    @@wesleyfoskey9314 just read that comment while on the shitter, Gettin high.....

  • @RabelFibal1
    @RabelFibal14 жыл бұрын

    Money didn't disappear, it went from one account into another, and then another. It's not magical.

  • @jasondashney

    @jasondashney

    4 жыл бұрын

    @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.

  • @theedmaster7748

    @theedmaster7748

    4 жыл бұрын

    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.

  • @rpmcmurphey927

    @rpmcmurphey927

    4 жыл бұрын

    In the perspective that it is a material, that quickly disappears and becomes invisible and sometimes reappears (if you're fortunate) is collaslally magical 🤔

  • @rbol1965x

    @rbol1965x

    4 жыл бұрын

    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.

  • @billolsen4360

    @billolsen4360

    3 жыл бұрын

    @@jasondashney You're right, speculation does make that phony money disappear into the ether.

  • @robertscheinost179
    @robertscheinost179 Жыл бұрын

    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

  • @geraldt331
    @geraldt3317 ай бұрын

    Major indexes booked their worst yearly performance since 2008 thanks to drivers like the recession, war, hiked interest rate and inflation which so far doesn’t seem to be easing off, so I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy or do I wait?

  • @andersonedward787

    @andersonedward787

    7 ай бұрын

    I agree, having a brokerage advisor for inveesting is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.

  • @Tonyham198

    @Tonyham198

    7 ай бұрын

    that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.

  • @andersonedward787

    @andersonedward787

    7 ай бұрын

    credits to LEILA SIMOES PINTO, one of the best portfolio manager;s out there. she;s well known, you should look her up

  • @codeblue11

    @codeblue11

    7 ай бұрын

    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.

  • @marklefkowitz4385

    @marklefkowitz4385

    6 ай бұрын

    Shut up

  • @williamtsol636
    @williamtsol6363 жыл бұрын

    They teach us history in school, so that we'll repeat it ! Brilliant !

  • @evgeniam685

    @evgeniam685

    3 жыл бұрын

    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

    @turbo8454

    2 жыл бұрын

    Human foibles and greed will never change. Few if any can seem to overcome them.

  • @parkerbohnn

    @parkerbohnn

    2 жыл бұрын

    Except this time instead of taking 25 years for the stock market indexes to come back this time it will be 25 centuries

  • @musiclife7251

    @musiclife7251

    2 жыл бұрын

    @@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.

  • @bonniemoerdyk9809
    @bonniemoerdyk98092 жыл бұрын

    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

    @djh9816

    2 жыл бұрын

    you have a dutch surname :D moerdijk is a town in the netherlands :)

  • @bonniemoerdyk9809

    @bonniemoerdyk9809

    2 жыл бұрын

    @@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?

  • @parkerbohnn

    @parkerbohnn

    2 жыл бұрын

    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.

  • @tommske

    @tommske

    2 жыл бұрын

    @@bonniemoerdyk9809 Great story! It's good to remember our ties with the US is more then political or economic. You are our kin.

  • @rickwetherbee5686

    @rickwetherbee5686

    2 жыл бұрын

    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.

  • @missatrebor
    @missatrebor2 жыл бұрын

    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.

  • @Larrye123
    @Larrye1232 жыл бұрын

    Thought it was interesting while watching this video 2 commercials came on. One was a t-shirt wearing guy telling me to buy his stock trading system. 2nd commercial was the credit card with crypto. It never changes!

  • @geigertec5921
    @geigertec59212 жыл бұрын

    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.

  • @parkerbohnn

    @parkerbohnn

    2 жыл бұрын

    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.

  • @sirknighter2794

    @sirknighter2794

    2 жыл бұрын

    @@parkerbohnn did your family make it through the crash ??

  • @parkerbohnn

    @parkerbohnn

    2 жыл бұрын

    @@sirknighter2794 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.

  • @parkerbohnn

    @parkerbohnn

    2 жыл бұрын

    @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.

  • @dalehood1846

    @dalehood1846

    2 жыл бұрын

    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.

  • @DaveandAya_
    @DaveandAya_4 жыл бұрын

    You know theres a problem with the economy when you have to pay 350k to live next to a 7/11

  • @hyperdealer

    @hyperdealer

    4 жыл бұрын

    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

  • @DaveandAya_

    @DaveandAya_

    4 жыл бұрын

    @@hyperdealer i hear you there brother, there must be a 7/11 somewhere?

  • @apt62

    @apt62

    4 жыл бұрын

    David S Feds just printed 4 trillions within 30 days, soon that house will be worth 500k

  • @DaveandAya_

    @DaveandAya_

    4 жыл бұрын

    @@apt62 so will a cheeseburger at McDonald's

  • @penrodautorepair3170

    @penrodautorepair3170

    4 жыл бұрын

    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.

  • @dorianphilotheates3769
    @dorianphilotheates37692 жыл бұрын

    21:42 - “The stock market of the 1920s was neither fair nor democratic; it was a big gambling casino and it was rigged by professional speculators”. So, in nearly a century, nothing has changed....

  • @MondoBeno
    @MondoBeno2 жыл бұрын

    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.

  • @ericboland2977
    @ericboland29774 жыл бұрын

    “This is a story of a Financial disaster we hope will never happen again”- that didn’t age well.

  • @Frank289100

    @Frank289100

    4 жыл бұрын

    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

    @nopenope1186

    4 жыл бұрын

    Frank289100 a lot of very rich at the time became poor after that crash.

  • @MrAsus3571

    @MrAsus3571

    4 жыл бұрын

    @@nopenope1186 name one

  • @nopenope1186

    @nopenope1186

    4 жыл бұрын

    MrAsus3571 the Gould family

  • @Frank289100

    @Frank289100

    4 жыл бұрын

    @@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.

  • @Mark1959Holladay
    @Mark1959Holladay4 жыл бұрын

    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.

  • @nancybarnes29

    @nancybarnes29

    4 жыл бұрын

    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

  • @michaelweizer7794

    @michaelweizer7794

    4 жыл бұрын

    Mark Holliday someone else that didn't like Banks or wall street?. I think his name was Henry Ford!.

  • @larrytennant7476

    @larrytennant7476

    4 жыл бұрын

    Smart man your grandpa!

  • @ronknowledge953

    @ronknowledge953

    3 жыл бұрын

    and bitcoin 😁

  • @WJack97224

    @WJack97224

    3 жыл бұрын

    @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.

  • @abradfordajb
    @abradfordajb2 жыл бұрын

    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.

  • Жыл бұрын

    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

  • @wontbefooledagain9400

    @wontbefooledagain9400

    Жыл бұрын

    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.

  • @tonycruz2302
    @tonycruz23022 жыл бұрын

    I can't remember the name of the movie, but Kevin Bacon played an ex stockbroker. A friend stopped him and inquired as to where his money was. His reply was that the money was still all there, just in someone else's account.

  • @ziksy6460
    @ziksy64602 жыл бұрын

    When you get old enough, you realise that everything that happens in the world of finance will keep repeating.

  • @inthedarkwoods2022

    @inthedarkwoods2022

    Жыл бұрын

    Fed printer goes brrrrrrrr

  • @nevermind-he8ni
    @nevermind-he8ni5 жыл бұрын

    Gambling with borrowed money? What could possibly go wrong? Duh.

  • @vernonbrowne6127

    @vernonbrowne6127

    5 жыл бұрын

    PLENTY!!!

  • @genecoppedge5972

    @genecoppedge5972

    4 жыл бұрын

    never mind, hindsight is 20/20 isn’t it? Duh

  • @zionram

    @zionram

    4 жыл бұрын

    that's just a scapegoat. It was government policies that caused this.

  • @SidneyBoud

    @SidneyBoud

    4 жыл бұрын

    Gamble with paper money worth nothing? What could be worst?

  • @jamesblack9499

    @jamesblack9499

    4 жыл бұрын

    something like US economic policy

  • @Sirphil-dj9dh
    @Sirphil-dj9dh2 жыл бұрын

    My Mother and her family lived through the depression. They got the next twelve years by living frugally and not buying a new car. Her father had solid employment with the railroad but his union voted to reduce their own hours so more employees could work. My Mother died May 3rd 2021. Live well Margaret KB your children are doing fine.

  • @baldwinosko6278
    @baldwinosko6278 Жыл бұрын

    This is why I will never right now get into the stock market is I got a feeling we’re going into another depression not a recession and I got a feeling it’s gonna be worse than 1929

  • @michaelszczys8316
    @michaelszczys83164 жыл бұрын

    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

  • @michaelszczys8316

    @michaelszczys8316

    4 жыл бұрын

    The people that own most of the world are working on owning all of the world

  • @ukulayme2

    @ukulayme2

    4 жыл бұрын

    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

  • @oliviaortiz5157

    @oliviaortiz5157

    4 жыл бұрын

    Nope you have to belong to THE CLUB OF DEMONDS!!

  • @BlaaqboxfilmsEntertainment

    @BlaaqboxfilmsEntertainment

    4 жыл бұрын

    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.

  • @oliviaortiz5157

    @oliviaortiz5157

    4 жыл бұрын

    @@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 🤮😠🤬

  • @jerryhayes2351
    @jerryhayes23513 жыл бұрын

    "History teaches us, but has no pupils."

  • @nancyrobles1005

    @nancyrobles1005

    3 жыл бұрын

    Whoa..😎

  • @sparcx86channel42

    @sparcx86channel42

    3 жыл бұрын

    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

    @theman2017inc

    3 жыл бұрын

    Similarly one thing we learn from history is WE DON’T LEARN HISTORY...

  • @WreakingHavoc1

    @WreakingHavoc1

    3 жыл бұрын

    @@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.

  • @WreakingHavoc1

    @WreakingHavoc1

    3 жыл бұрын

    @@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.

  • @Hollergirlohio
    @Hollergirlohio2 жыл бұрын

    I have my great grandfather bonds that he never got paid back for and are and were completely worthless after the war ended. Taken from his check every week.

  • @TradingCoachUK
    @TradingCoachUK Жыл бұрын

    If you like this Check Out the BLACK WEDNESDAY stock market CRASH story: kzread.info/dash/bejne/d3x1urCpgrOrXaw.html INSIDE JOB Documentary: kzread.info/dash/bejne/eJya2NaIg8eblrg.html LEHMAN BROTHERS Documentary Here: kzread.info/dash/bejne/oaqX0NFwpMzAkdY.html Don't forget to SUBSCRIBE! kzread.info 🤓 Thank You

  • @robertcartino9677
    @robertcartino96774 жыл бұрын

    WHEN ALL ELSE FAILS, THEY TAKE YOU TO WAR...

  • @Foreman-lb8cp

    @Foreman-lb8cp

    4 жыл бұрын

    War wont help our economy any more, as it used to. TOO MUCH AUTOMATION & weapons co. They can function with out the private sector. To build and produce most of it. They will only need soldiers to fight & die. God bless all armed services.

  • @robertcartino9677

    @robertcartino9677

    4 жыл бұрын

    @T S corona virus = political war

  • @therainbowrhapsody3455

    @therainbowrhapsody3455

    4 жыл бұрын

    You as well.

  • @robertcartino9677

    @robertcartino9677

    4 жыл бұрын

    @@therainbowrhapsody3455 I AM 73, AND GOT SUCKERED INTO VIET NAM 1967-68 USMC, SO I AM OUT...

  • @ressikanflute

    @ressikanflute

    4 жыл бұрын

    Economic nationalism, viable business going under, leads to more unemployment... sounds like 2020

  • @deemariedubois4916
    @deemariedubois49163 жыл бұрын

    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.

  • @Pc-ut2tc

    @Pc-ut2tc

    2 жыл бұрын

    Thank you for sharing your story! I hope you are both doing better now.

  • @deemariedubois4916

    @deemariedubois4916

    2 жыл бұрын

    @@Pc-ut2tc Doing great thank you so much.

  • @karenwilson712

    @karenwilson712

    2 жыл бұрын

    Wow, so glad you made it thru and that you got new underwear

  • @deemariedubois4916

    @deemariedubois4916

    2 жыл бұрын

    @@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

  • @PK-zb6wh

    @PK-zb6wh

    Жыл бұрын

    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.

  • @gregwilson825
    @gregwilson825 Жыл бұрын

    Excellent work in depth and detail. Seems knowing history or not we are doomed to repeat our worst times anyway.

  • @bapi6643
    @bapi66432 жыл бұрын

    And here we are in 2022, money is being printed out of thin air in extraordinary amounts. What could go wrong ?

  • @leokimvideo
    @leokimvideo3 жыл бұрын

    KZread fed me this as a homepage video, is it telling me to be a prepper and Great Depression incoming

  • @ricks.9456

    @ricks.9456

    3 жыл бұрын

    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.

  • @skylangford6083

    @skylangford6083

    3 жыл бұрын

    Jerome Powell would say yes.....

  • @davidjohnston7733

    @davidjohnston7733

    3 жыл бұрын

    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

  • @vickilynn5620

    @vickilynn5620

    3 жыл бұрын

    Me too, that was the first thing that entered my mind too..SMH

  • @jovannyalvarado1580

    @jovannyalvarado1580

    3 жыл бұрын

    Wow I think it’s actually gonna crash soon

  • @Glen-ft8ch
    @Glen-ft8ch8 ай бұрын

    I remember the 2008 Stock Market Crash like yesterday.

  • @eliascastillo1641
    @eliascastillo16414 жыл бұрын

    Man I’m amazed at how history is repeating itself. Funny thing though, as I’m watching this I’m getting KZread ads about how to trade and get massive returns on the stock market

  • @codypolar6593

    @codypolar6593

    4 жыл бұрын

    Get Ads Killer Plus... it's a wonderful addition to Chrome

  • @user-nc6rn3rd2h

    @user-nc6rn3rd2h

    4 жыл бұрын

    Elias Castillo don’t trade the stock market buy Bitcoin, XRP,ADA and hold.

  • @OuterfleshEntertainment

    @OuterfleshEntertainment

    4 жыл бұрын

    @@user-nc6rn3rd2h People will regret not listening to you, but it will be too late

  • @anthonypeters4945

    @anthonypeters4945

    4 жыл бұрын

    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

  • @kavinanil7406

    @kavinanil7406

    4 жыл бұрын

    The irony of ads and marketing...

  • @lopezalvaro2716
    @lopezalvaro27163 жыл бұрын

    I remember working at Vanguard during the 2007-008 crash. Today's drop is very reminiscent. But i think it's great.

  • @Jme---

    @Jme---

    3 жыл бұрын

    opportunity to pick up some dividend gems at a great starting yield.

  • @Mcdd7-_-

    @Mcdd7-_-

    3 жыл бұрын

    @@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?

  • @Jme---

    @Jme---

    3 жыл бұрын

    @@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.

  • @Mcdd7-_-

    @Mcdd7-_-

    3 жыл бұрын

    @@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?

  • @Jme---

    @Jme---

    3 жыл бұрын

    @@Mcdd7-_- You can look her up for more info and connect her through her webpage.

  • @scuddyleblanc8637
    @scuddyleblanc86372 жыл бұрын

    It was government inference in the economy that deepened and lengthened the great depression. Until June 1930, unemployment never went up to 7% and was starting to decline when Hoover passed tariffs to protect U.S. jobs. Hoover bargained with industry to keep workers on in exchange for strike prevention. That's when unemployment and government deficits skyrocketed. FDR, the one most at fault in the NY stock market crash, won election by promising spending cuts and a balanced budget. FDR's new deal was a continuation of Hoover's big government, deficit spending program, instead. FDR's new deal destroyed crops and livestock at a time when people could afford to buy food, and his new deal policies practically ruined manufacturing in the U.S. Unemployment never fell below 10% for the entire decade of the 1930's. U.S. unemployment finally fell below 10% when FDR listened to his military advisors, reject his new deal policies, and turn to the leading industrialists and to the profit motive in rearming the U.S. in preparation for war.

  • @musictosoothe

    @musictosoothe

    2 жыл бұрын

    sounds a lot like what we have now for policies

  • @setapart2serveministries
    @setapart2serveministries2 жыл бұрын

    The info about the "EXTRA, EXTRA READ ALL ABOUT IT" was an extraordinary story!

  • @jupitereye4322
    @jupitereye43222 жыл бұрын

    The crash destroyed all the savings but preserved all the debt. Incredible.

  • @valentinius62

    @valentinius62

    2 жыл бұрын

    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.

  • @ronaldmurberg7639

    @ronaldmurberg7639

    2 жыл бұрын

    Same today the virus destroyed all the saving but the debt stayed.

  • @parkerbohnn

    @parkerbohnn

    2 жыл бұрын

    @@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.

  • @matty2176

    @matty2176

    2 жыл бұрын

    Deflation

  • @mjm7071

    @mjm7071

    2 жыл бұрын

    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.

  • @eldorado6332
    @eldorado63324 жыл бұрын

    Catch the keywords here guys, “the depression lasted a decade and was prelude to war” I think the same awaits us this time.

  • @Nacer07majid

    @Nacer07majid

    4 жыл бұрын

    i think this time will not last for a decade

  • @horsepanther

    @horsepanther

    4 жыл бұрын

    I certainly hope to hell that's not the case.

  • @haikat4

    @haikat4

    4 жыл бұрын

    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.

  • @waiata216

    @waiata216

    4 жыл бұрын

    No we know how to handle things. 2008 showed how to handle a crash everything is fine now and there was no war

  • @tacotuesday3315

    @tacotuesday3315

    4 жыл бұрын

    Kush King take a rip and chill dude damn people are entitled to their opinions

  • @mosessupposes2571
    @mosessupposes2571 Жыл бұрын

    The Hooverville in Central Park looks frighteningly like downtown San Francisco and L.A. today.

  • @gextreme2381
    @gextreme23812 жыл бұрын

    So glad everything has changed and this won't happen again. The market is totally different now. No wild speculation, no manipulation of currency, powerful and sound laws and regulations, a rock solid US dollar. This could never repeat itself. I also have a bridge in Brooklyn to sell if anyone is interested.

  • @FirstLastOne

    @FirstLastOne

    2 жыл бұрын

    For the TL:DR crowd, the last sentence was a '/s'.

  • @chemistrysimplified1501

    @chemistrysimplified1501

    2 жыл бұрын

    In fairness it is different now. It certainly isn't typical for 90% of most people's portfolios to be margined! People also rarely mortgage their houses to buy stocks! It is different now!

  • @brianmirrasi6389

    @brianmirrasi6389

    2 жыл бұрын

    The market is now indirectly full of government debt.

  • @crankychris2

    @crankychris2

    2 жыл бұрын

    According to Warren Buffett the 7 most dangerous words in the investment market are: "That won't happen, the market's different now"'

  • @IronTom

    @IronTom

    2 жыл бұрын

    @@chemistrysimplified1501 sure, sure different 😆

  • @keepingyouincheck8533
    @keepingyouincheck85334 жыл бұрын

    This was by far the best documentary depicting the events and its consequences of the crash. well done!

  • @rhuephus

    @rhuephus

    2 жыл бұрын

    you been conned !!! This is propaganda put out by the losers of the American Revolutionary War

  • @judyjennings3426
    @judyjennings34262 жыл бұрын

    Isn't this going on today in some ways? Look at all of these iconic retail stores losing their business like Sears JCPenney Macy's and Kmart stores. Malls that used to bustle are dying and are already dead. People who are up to their ears in debt over credit cards. Yes the same thing is happening now with a pandemic going on to add to the misery.

  • @233kosta
    @233kosta2 жыл бұрын

    No amount of regulation will prevent "too big to fail" financial institutions from being reckless. Bailing them out just makes things worse.

  • Жыл бұрын

    the exec boards need to be imprisoned.

  • @233kosta

    @233kosta

    Жыл бұрын

    @ That won't happen I'm afraid. These people are essentially an extension to the state. When's the last time a politician openly campaigned to jail another politician?

  • @deanpd3402
    @deanpd3402 Жыл бұрын

    The biggest mistake everyone makes is believing that government is working in our best interest.

  • @johnlopez4089
    @johnlopez40894 жыл бұрын

    Hooverville’s are already everywhere here in California.

  • @BryceJohnson88

    @BryceJohnson88

    4 жыл бұрын

    In the best economy in history... Lol fucking CA

  • @daveicc495

    @daveicc495

    4 жыл бұрын

    John Lopez That’s right Hooverville is in California And on the West Coast and spreading USA 🇺🇸 and right now these shanty-Villes are called Trump-Villes The President holds the baton. Politicians of all parties better unify together instead of remaining distant from one another and solve the crisis across all of our Nation.

  • @hurotiz

    @hurotiz

    4 жыл бұрын

    John Lopez California is suffering from over liberalism, it’s proven that being racist or sexist towards the majority of your consumer base is bad for business. Look at what happened to Gillette when they put out that sexist commercial, their stocks fell 5.4 on the global market and went from being the best to the worst traded stocks in their line almost overnight. The same is happening for Hollywood and the tech industry. Liberalism is terrible for the economy and California is a bombshell waiting to go off. I was rooting for cal-exit because the state literally can’t take care of itself. It would have been shutoff from US aid as a rebel country with no water and an industry aimed at trading tech and entertainment. Which would have been disastrous as tariffs would have killed the fledgling country. The US would not have allowed China to swallow up a new country on its shores and so that option wouldn’t have been available to them. The US military belongs to the US and so they would have had to field their own military operations. The costs would have debilitated the former state. They can barely feed themselves without importing. I’d give them a few years of starvation and death before they came crawling back as a territory, not a state, aon limited grounds and with no voting power. They are one of the major voting centers for the democrats, if they had gone then republicans would almost be guaranteed to win forever. California was a great state, but it’s gone downhill steeply ever since most of its citizens drank the far left cool-aid.

  • @raybon7939

    @raybon7939

    4 жыл бұрын

    .....yeah but i dont agree on pinning all of this on hoover....he was worried when none were, i mean lets be realistic. be his adovcate.......there was nobody that could of stopped the massive casino.

  • @LucasFernandez-fk8se

    @LucasFernandez-fk8se

    4 жыл бұрын

    JodyJohn123 they should call it liberalville since only the liberal cities and states are having mass homelessness

  • @stephenthomas3493
    @stephenthomas34934 жыл бұрын

    1919 to 2019.......nothing has changed.

  • @bittasweetsymphony726

    @bittasweetsymphony726

    4 жыл бұрын

    now we have drones

  • @adilmustic9085

    @adilmustic9085

    4 жыл бұрын

    Stephen Thomas technology has changed!!! That’s one

  • @dvamateur

    @dvamateur

    4 жыл бұрын

    Culture has collapsed. Body piercing, tattoos are the norm now.

  • @kinanshmahell8065

    @kinanshmahell8065

    4 жыл бұрын

    Dalmain J good point

  • @stephenthomas3493

    @stephenthomas3493

    4 жыл бұрын

    The system had not changed it’s just become more easy to implement the system with technology. But I am hearing this bubble is the mother load of bubbles.

  • @CB_AlwaysLate
    @CB_AlwaysLate2 күн бұрын

    Who else right now is binging hard on Great Depression documentaries because of what is presently going on in our economy?

  • @Alex_FRD
    @Alex_FRD2 жыл бұрын

    "Learning from history" is not in the dictionary of humanity, but "Repeating mistakes" has about 30 different entries.

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