'Don't Panic, Stocks are Safe!'

[Bristain11]

This man didn't know that the crash would spark the worst depression in history...he was foolish and ignorant.

[RealTalkification]

lol Steve Liesman

[manhackmatt]

hey look its fox news!

[Yallniggasbetrollin]

He looks like Kernal Sanders

[FreeSTOCKnolossROBOT]

It looks very interesting and informative

[AIKevorkian]

That man should have been ☭.

[RobertScalchi]

OMG! Is it me or does this guy look and sound like Ben Benarke?

[anthonyinsc]

NEWS FLASH UP-DATE::: ((( KV-A ))) DOWN TODAY DUE TO MARKET CRASH, IS AT ONLY $7.80 THIS STOCK HAS JUST BEEN APPROVED BY FDA FOR NEW DRUG AND HAS BEEN SKY ROCKETING OVER LAST WEEK SINCE MY LAST COMMENT! i BOUGHT AT AROUND $3.50 A SHARE AND HAS CHANCE TO HIT $20-$30 MARK AGAIN...WILL IT GO THAT HIGH? NOT SURE BUT I WOULD BUY KV-A NOW IN THIS DIP AT ONLY $7.80 A SHARE AND SELL AT AROUND $22-$25 TO BE SAFE!!!! BUY BUY BUY ((( KV-A ))) HIGH VOLUME STOCK IS SUPER HOT STOCK!!! ((( KV-A ))) GOOD LUCK!

[IngloriusBastard11]

I wouldn't give these bastards a penny for their thoughts.

[IngloriusBastard11]

At least we know this guy is dead and you don't have to worry about listening to his bullshit any more.

[IngloriusBastard11]

BUY! BUY! BUY!...lol

You have a better chance of finding a virgin hooker in Vegas than you have of making money listening to a damn stock broker.

If bankers where movie actors they would only get roles playing Dracula.

[prodigee411]

FOX MOVIETIME NEWS.

[sageify]

Wow! I didn't know fox was feeding people bull crap in the 1920's too.

[AllTheSame711]

@sageify Fox News launched their news channel in 1996. haha nice try.

[EMPIRE0FLIES]

Where have I heard this story before?

[medliberty]

"Economist" = tarot card readers, tee vee evangelists, and astrologists

"investing" = gambling

[galenct]

@medliberty trading=gambling; investing=investing

[zahablog]

It's sad that such a great economist has his legacy tarnished by one big misjudgement.

[petergould]

Nice summation of the reasons for 1929 & 2008.

[BassGoesBoom1]

he was right

if people didn't borrow excess amounts of money to speculate on housing we wouldn't be in the mess we are now either

[LauraParkerSmells]

No return to boom & bust?

[Jasper1399]

Every crisis we have endured has been a product of the ever-growing human greed.

[Camnun]

Very nice video

He just forgot to say that it would take 15 years for the "great progressive improvement" to happen !

[jdbrown371]

80 years later, the banks are speculating with borrowed money and investors are running away from them...

Is this the "rule of alternation"?

[KodaCodec]

Ha, I guess it is. No trend lasts, it just takes awhile to come back and bite you in the end

[Nuanceqwest]

Hehe, look at the date of this video hehehe

If someone had gone short and kept selling with the profits they would be retiring now......... at a 10% margin.

[KodaCodec]

Someone was short, but is too young to retire

[Nuanceqwest]

Who me?

[Poiup0iu]

nice propaganda, just like now in the US.

This guy reminds me of Obama...pretends that understands situation and tries to say things will be ok.

[finefilth]

"Economic crises have been produced by us for the goyim by no other means than the withdrawal of money from circulation." - Protocols of Zion

[DreamxFar]

Don't you mean George Bush? Obama reassures us, he doesn't flatly lie in public. Please get your facts straight.

[starletdempsy]

@DreamxFar Are you sure about that now?

[DonnaSilverstein]

White man speak with forked tongue.

[xihopeyouchoke]

you dickheads, the stock market crash was a set up back then and it is now aswell

[hotsweat22]

haha, "stock market was not too high" we hear the same shit 2day, but economy is to break down further, GM bankrups, Dow below 2000, and the Afghanistan and Irak war impossible

[zeitgeisthero]

Same crap, different year ! So who is going to jail ?

[UTubeFreeMind]

THE OWNERS OF THE 'PRIVATE' FEDERAL RESERVE. ie Influential bankers...not government. This is a farce propgated by the government. Start with Rothschilds...they who own 550Trillion of global wealth...so you the serf/debt slave can keep their power trip alive. Obama can do nothing other than give money to the crack addict companies. Ron Paul had the answer...ABOLISH THE FED.

[zeitgeisthero]

Banish the FED to jail. lol. but yeah somebody better be going. We could start with the rothschilds if you would like.

[MissMinnieMousegirl]

I was thinking the same thing!! LOL! I am looking at all of these 1929-1930's footage now because it is so much a repeat of what is happening now~ just different characters!

[DNchap1417]

The parallels with today are ASTOUNDING!

[informationauth]

Wow. Speculation got out of control back then, just as it did now.

The House market got out of fucken control. People thought prices would continue to rise. so, they continue to lend.

[selfidentity1]

is really strange how they let this happen again. i think governments are the ones to blame for this whole mess. didn't anyone know about the consequences?? christ

[stoiccid]

how the fuck are governments the ones to blame? they aren't in the business of lending to people who cant pay back the money, and speculating.. THEY ARE NOW; AFTER THE PEOPLE FUCKED UP. It's the Public as a whole that's to blame. why the fuck do you borrow money, you know you can't pay back. Just to steal, thats why. the Govt isnt in the business of speculating. they shouldnt be buying these shares. Let all the companies fall. as for the Fed. The Fed didn't exist back in the 20's.

[stoiccid]

So why do you blame the Fed? Yeah maybe they did fuck up...because they did too much, that's why. if they did too little, we'd still blame the Fed.

[jjenson2006]

1) Government manipulates the interest rates. This in turn makes money artificially cheap causing malinvestment (bubbles) which causes the boom and bust cycle. Without the FED it would be impossible for people to borrow so much money.

2) It is the FED that is preventing the companies from failing. They are bailing out all these companies causing an even bigger problem.

3) The FED was created in 1913.

[stoiccid]

dahhhh *drool* i THOUGHT i knew that...i forgot, Bretton Woods and all that crap right?....well you made me look...uhh not a graduate of an Ivy league school. Anyways I was thinking gold-standard...and the FED which kinda got me mixed up. Sorry. believe me i didnt reasearch it after I posted my last comment. I just kinda say things before i think.

[stoiccid]

ok, you made me look like a dumbass.

[stoiccid]

hey thanks... i did my research because of you!

[stillrob420]

yea it did, it was founded in 1913

[kkmartbr549]

The government knew, they are not the ones in control. people do not realize someone is making money off the markets going down they are making a killing! they always do, they make the paper that makes the markets. those derivatives are contracts. the banks might be losing money but the entity on the other side of those contracts is making a killing.

[dontblamethemessenge]

now you will have Paul Krugman als economist.

I wish you luck, a whole lot of luck, because that is only thing that is left.

[Andrea2pac93]

seen it yesterday! lets chat

anyone want to chat 5n

[gyroplanefdk]

"It was not that the stock market was very much too high" this guy is a professor? Anyway, it dropped another 40% after this.. Sounds like the Larry Kudlow Bulls...

[kailynleto]

I can't believe I'm defending Kudlow, but even he knows something's wrong here. Then again, you'd have to be a complete idiot not to know that.

And the Dow eventually dropped (in nominal value) all the way to 41. Way more...

But I agree completely with your premise. We're fucked either way you go.

[thebonefish]

I guess time really does flow like a river.

[bscottb8]

"Stocks have reached what looks like a permanently high plateau." -- Irving Fisher, Professor of Economics, Yale University, October 16, 1929.

Professor Fisher would lose about $10 million in the stock market crash. Yale had to buy his house and rent it back to him to prevent his eviction.

[MOOSETVTV]

wow. z

[muisman2]

lets do somethin tonight! MSG me on MSN. ID is in my profile. g

[angryveryoldman]

History repeats itself