1929 Stock Market Crash (Part 2)

[rlichota1]

I kind of like the guy, it is an HONEST talk.

Robert Lichota Robert Lichota Robert Lichota

[FreeSTOCKnolossROBOT]

Very useful video,thanks

[SuperAlexrios]

YESTERDAY WARRN BUFFET SAID THAT  THE ECONOMY IS VERY GOOD AD BETTER DAYS ARE COMING

[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!

[MyCrimsonTearsFall]

anyone who thinks this is the "yanks" fault, needs to just go find a bridge... lmao x_x

[Nuanceqwest]

Imagine the great depression on a global scale..........like a depression, only on steroids

[theuglyhairmonster2]

@Nuanceqwest you fucking idiot ......it was on a global scale

[ty56ty65]

JKG ROOLZ!

[deltapunk21]

Their world didn't "fall apart" idiots....the economy was still good to go and needed a recession, plenty before had happened, and the leave it alone liquidationists were correct in their view and won out the previous few times before...PS we were not a thrid rate power before them but one of the "giants" in the world as of the early 1800's/

[deltapunk21]

It was not greed pig, it was nationalized anti-gold standard central bank madness and "liquidity" that caused the stock crach with caused many a malinvestment. The derpession was not caused one bit by this, as the turnaround was well underway before Hovver's socilism hit in full force, raising taxes gigantically, protectionism, "regulations", and massive out the ass inflationary spending caused a real depression much Obama has done, only he has done it spending waise FAR WORSE!

[jared4wally]

obama stock market crash oct 29 2009 like 1929 well going do it againg.

[Nuanceqwest]

We aint gonna have another crash my friend. You already missed the big one.

you are behind the curve.

[hustlinyou4life]

most buisnessmen/politics are crooks

[davidluk8]

You deserve to go bankrupt if you trust the Wall Street bankers like JPM and GS. They spread the rumors and profit from the crash.

Remember the $200 oil price target of GS analyst.

GS profit from shorting the toxic waste the sold to the clients.

[lovesautumn]

FaeireCrone: I agree with you up to a point. We're frugal and wait on major purchases. We have been the target of snide remarks by those buying "must-haves" of the moment by maxing out their credit cards. I don't think everyone on Wall Street is "greedy", they're just hardworking people trying to wisely invest their money. I don't buy into this class-envy and jealousy the government is expecting us to have.

[FaerieCrone]

People like myself who have always had to 'make do' (lack of money) don't notice any change. If people stopped being so greedy, wanting everything that's being sold, things would level out, but that's not human nature. Everyone has to have the latest this and the best that because the media foists it on them. If you want to stay afloat, only buy what you can really afford and things that you really need as opposed to what you want. It's how I've survived all these years.

[hollywoodartchick]

You are very blessed then that your boss does not require you to buy an iphone, laptop, and high-speed internet service to do your work offsite. Not everyone has the luxury of making the prudent choices you have. If you are required to take classes on credit, buy technology on credit, and then you get laid off thru no fault of your own, it is not personal greed that pushes you over the edge.

[MrsSarb]

Most places that REQUIRE those things pay for them as well. Didn't your company compensate you for the use of a cellphone and buy a laptop for you?

[hollywoodartchick]

"Require." What does that mean? If you don't have them already, you can't get hired at many places, although they would not think of paying for them. If you have only worked at places that will pay for stuff like that after they hire you and not expect you to have them before they will consider you, you are in a very different realm than many, many people. In fact, there are places that expect you to use YOUR car for THEIR work and don't pay for your gas or insurance.

[MrsSarb]

Nope sorry. I've never needed to supply my own laptop for work. I've ALWAYS had one provided for me at my job.

[hollywoodartchick]

Lucky you. What would you do if you lost a job that provided all those things, and the next job could not even be accessed till you obtained them on your own?  And you did not have the money to buy them?

[krstnlhjt]

@hollywoodartchick - We get a laptop, but no longer get internet service free. u R not the only one that does not get all services free. just be glad u have a job

[SouthAuck]

You doomsayers telling everyone to 'pray' and 'sell everything' are nothing more than fear mongers. The world will NEVER tip over. Most humans are too strong and resilient to just roll over and die like dogs. You lot are a bunch of pussies. The US is in a lot of trouble though, but 78% of Global GDP is now generated outside of the USA, so that will save us. I hope America really suffers though, becasue you dumb Yanks have caused every crisis in history.

[RideMyBMW]

"becasue you dumb Yanks have caused every crisis in history." - South

You must be European...you ungrateful ass-hat!!!

[southparkgdp]

@RideMyBMW Yeah, it's because we are the center of the economic universe. I'm sure that since we are beginning to emulate the socialist tendencies of Europe that that will cease, but there you go..

Excessive government is detrimental to economic freedom.

[RideMyBMW]

"Emulate socialist tendencies in Europe..." - southparkgdp

Emu - what ? All I know iz some muthafu%$a come up ta me and start emulatin n sh%$ ? I'll busta cap in that nig. so fast he best be wearin couple Kevlars.

Fu%$in Euro sh%$ my fu%$in ass... 'Merica started this sh%$, we gonna finish this beeeatch!!!

[southparkgdp]

@RideMyBMW ..........k.

[krstnlhjt]

@RideMyBMW - r U kidding, right?

[krstnlhjt]

@RideMyBMW - just cant get what u said out of my mind. And Bush 1 and W had nothing to do with the situation we are in now. Or Hoover, Or nixon, or....ronnie?  Get real. We all help or we all suffer

[Mick342]

I Live In Eire and Or Ecomeny And Stock Keeps Plumeting i tought We Were A Singular Item Or One Of The Worst In Eourope Or America......i was Wrong America By This Time next Year (At Current Paces)Will Be Far Worse Of than us.....It's coming Boys Be Ready.

[mungcray]

look at calendar. there's a pyramid in it. 2:40.

[timyotoole1991]

the bailout just postpones the inevitable. Everything happening today was predicted in science movies of the 70'S.

[SouthAuck]

And just what science movies would they be?

[reginaDexant]

Get ready guys save your nickles, at home, not in a bank. Learn to hunt, fish, and plant victory gardens. Scotch and various liquers, cigarettes, canned meats, canned milk, anything that can be traded on the black market. This bailout will go through and give us 20 days to 120 days to prepare.Most importantly pray.

[TVaclavicek]

I would rather say, buy gold and get ready to step into the market and buy on the lows. Buy on a discount. Be greedy, when others are feared (such as you are), as Warren Buffett said. There may come more, buy you also may sell everything when you see it coming...

[RideMyBMW]

Dudes, only way to get outta this mess :

Default on ALL sovereign debt OR/and re-tool

American industry. Either way its "fortress America" all over again.

[SERSOLGDL]

There are a lot of similarities between 1929 and 2008.The only difference is the speed of panic over the "enter" computers. God save us¡¡¡

[crazypdj]

"But this time it's different!"

[saxrider]

only 9000 views. very telling. and it's exactly why I'm against bailing out anyone. fools and their money will soon part.

[LaRoucheisright]

The thing can go two very opposite directions. The solution now in our time is similar to what FDR did. It is best expressed in the proposals of Lyndon Larouche and his youth movement. Anyone who hasn't viewd the 1932: Speak not of Parties, but of Universal Principals (A True History of the United States), and shared it with all your contacts please do it now! We need the congress to listen to Mr. LaRouche. The "Home Owners and Bank Protection Act", must be enacted. National Credit Projects.

[cybertrader69]

i don't know why people fear a market crash. i mean it's no suprise, it is part of the cycle. the big boys know this and look forward to it, don't kid yurself.

when the goose is cooked it's cooked!

[dam2630]

Prime1mover, in a perfect world, you are correct. Real world, WRONG: Naked shorting exists and is done every day (Shorting a stock you have not yet borrowed - (not only selling what you don;t own, selling what you haven;t borrowed!) ) It is a pervasive problem in thin, illiquid stocks (many Nasdaq issues), When selling short, the bank or broker who is facillitating the trade must only make a 'best efforts' attempt to locate your stock to short. Check out REG-SHO on SEC website.

[MisterQuebec]

Well put: "In the stock market, you have two emotions: Fear and greed."

[xxxresistance]

I wonder how bad this next one is gonna be?

[zenithomega19]

bad......very very bad

[endlessmountain]

short the financials! For more info check my channel for 2008 Stock Market Crash playlist

[secretbonus]

Oh yeah, and they got rid of a "uptick rule" meaning that previously a stock had to be bourhg and go up before you could short sell it, now you can borrow shares that don't exist to sell them, and buy them back later AFTER it's gone down. This leads to bigger downfalls and more panic, making breaking through the "floor" possible and mass rapid panic possible.

Listen to Jim Rogers about the economy

[prime1mover]

Secretbonus, you should do you homework. Every share of stofk that is sold short exists, and is borrowed from margin account owners. That share must eventually be repurchased to return it to the original owner from whom it was borrowed. As a result, when the market goes down, it automatically triggers a wave of purchases. A short seller who does not repurchase the borrowed shares when the drop in price must either put up more margin cash, or return it to the person from whom it was borrowed.

[belovedmakesmusic]

whats naked short selling?

[secretbonus]

They cut the interest rates, and the dollar ain't worth crap, and housing crashes, now they'll hike rates and it'll tighten up and people will start hoarding money, and people won't be able to get loans because the rates will be too tight, banks will go bankrupt, and so many people go "oh crap"

recessions are natural crashes, and depressions are artificial based on artificially low rates, and borrowed money that doesn't exist.

[HACKA33]

Simply...Thank you for this incredible videos.