1929 Stock Market Crash (Part 3)
The financial memory only lasts about 30 years then analysts, bankers and
regulators fall victim to greed and fear. No matter how much they fiddle
with interest rates, Bob Marley said it best: “One day the bottom will drop
out…”
Duration : 0:4:36
Tags: bullion, colateralized, currency, debt, Federal, fiat, gold, Market, Reserve, Stock
March 11th, 2010 at 11:47 am
@dam2630 yeah, and …
@dam2630 yeah, and i’ve made 250% profit or so since I got back in the market in late may. Too bad I barely had any money in the first place…
March 11th, 2010 at 11:47 am
dam2630: It’s not …
dam2630: It’s not over yet.
March 11th, 2010 at 11:47 am
Not quite, Orandun: …
Not quite, Orandun: we only lost 40% from peak to trough- but from Sept ‘29 to July ‘32, the market lost 90% (that’s right) of it’s value….. not quite the same. We also don’t have breadlines and 25% (by some measures up to 35%) unemployment
March 11th, 2010 at 11:47 am
Looks like an old …
Looks like an old Bill Maher 4:20 on the right…LOL
March 11th, 2010 at 11:47 am
No, 1901-1907 is …
No, 1901-1907 is the same as 2000-2009.
We just saw the exact same thing that happened in 1907, or better known as the “Rich Mans Panic”
March 11th, 2010 at 11:47 am
I love stock …
I love stock martket crashes. It is the only time u buy great business below value
March 11th, 2010 at 11:47 am
2000-2009 is the …
2000-2009 is the same as 1929-1938 in stock market years
This has happened before, is happening now and trust me it will happen again despite regulations
March 11th, 2010 at 11:47 am
fuckin’ banksters
fuckin’ banksters
March 11th, 2010 at 11:47 am
I don’t believe the …
I don’t believe the real estate economy will or should recover. PAY for someplace to SLEEP??? Ridiculous!
March 11th, 2010 at 11:47 am
You ‘doubt any …
You ‘doubt any recovery from that will be long and painful’ ?
Surely any recovery from that will be long and painful?
March 11th, 2010 at 11:47 am
I’m against buying …
I’m against buying land. No one really ‘owns’ land anyway with all those taxes they throw on it. I’m not seeing ANY land’owners’ growing food on their lots. I guess their grass is just too precious. They can eat that, I guess when things get really bad.
March 11th, 2010 at 11:47 am
YEP ! And the next …
YEP ! And the next big hit will be the collapse of commercial real estate – I doubt any recovery from that (if a recovery is possible) will be long and painful. Buy a little land so that you can grow food – that’s my advice but no one listens to me any more ! (;-}
March 11th, 2010 at 11:47 am
This seems like …
This seems like 2009. Washington Mutual, Circuit City, Enron, and other stocks now worthless. Citibank, Bank of America, and AIG stocks spiralling down, down, DOWN!
March 11th, 2010 at 11:47 am
3:20 haha!!! …
3:20 haha!!! divorce sucks
March 11th, 2010 at 11:47 am
YEP! Just like …
YEP! Just like Buffet:) I was going to type that.
March 11th, 2010 at 11:47 am
Buffett only said …
Buffett only said that so that he could get a chance to get out.
March 11th, 2010 at 11:47 am
Near the end of …
Near the end of this video, they mention people didn’t really understand what was coming on New Year’s Eve. We don’t really know where this is going. It’s just going to take some time.
March 11th, 2010 at 11:47 am
LOL. This part …
LOL. This part reminded me about Warren Buffett’s stake in Goldman Sachs and GE. Buffett then put his words in a paper saying,”it’s time to buy America”. Too striking similarity. It ain’t over yet, America.
March 11th, 2010 at 11:47 am
I’m a jackass for …
I’m a jackass for pointing a fact out jack?
March 11th, 2010 at 11:47 am
“The CDS (coming …
“The CDS (coming death star) estimated at 500 + trillion more than world markets put together.” – Ion
You`re talking about the derivatives market you jacka”$!!! Nobody`s gonna pay up that quadrillion dollar black market debt.
March 11th, 2010 at 11:47 am
Dont worry, I dont …
Dont worry, I dont think that this crisis will be worse than the great deppression.
I just wanted to highlight a danger that we can face some day.
And that we should do something to prevent it.
March 11th, 2010 at 11:47 am
if you’re trying to …
if you’re trying to allude to commodity-backed currencies you are fooling yourself. even though ron paul is still the best politician we have.
don’t listen to lonwitness either; he’s being an absolute muppet.
now for some positive economics instead of the normative junk lonwitness gave you
GDP dropped by .3% this quarter
it dropped by over 16% in quarter IV 1929.
March 11th, 2010 at 11:47 am
A lot worse now. …
A lot worse now. The CDS (coming death star) estimated at 500 + trillion more than world markets put together.
March 11th, 2010 at 11:47 am
chck out my profile …
chck out my profile! Y
March 11th, 2010 at 11:48 am
Will we watch a …
Will we watch a video about this crisis in the future? What do you think?
The fact is, that it is not yet so bad as 1929, but on the other hand, we do not have any real money, just currencies in our wallets today.
March 11th, 2010 at 12:11 pm
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