The Great Depression (clip)

[Welsh77]

any explanation for the depression that doesn't at least mention the failure of the federal reserve is as laughable an non-academic explanation. how anyone can't see that the stock market crash was not the primary cause of a TEN YEAR era of pain and suffering makes me wonder. the man in charge of the entire country wanted to tax income over 25,000 dollars at 100%. no wonder it took so long for the economy to recover.

[goody2shoes14foru]

Leave obama alone dnt 4get bush was the one that fuck us over in the first place not obama !! It must be very stressful to be obama not only because he has to fix the shit that bush fucked up but because he also has to deal with criticism from people who doesn't kno how it is to be the president at all so shut the fuck up ppl dam get off OBAMAS DICK!!

[Craziguy33]

Jeez leave bush alone seriously... it must've been so damn stressful to be him during that time

also obama has done nothing to change anything while his campaign slogan was Change

[ajnakin]

SCHOOL IS BORING TODAY. DANG MS. PERRY WHY DID YOU GIVE WORK TODAY

[MrCraig1930]

I remember the first Depression, it came from Wall Street and Woodrow Wilson. FDR put band aids on it and now it's coming apart now with no good fix.

[TheMrPangloss]

This post is posted by "TheMrPanglosss", not by me. I don't blame any ethnicity, nation, religion, race, sex & c. for the calamities befallen on the mankind. I blame movements, corporations, pools of capital and individuals.

The accounts "TheMrPanglosss" and "TheMrPanglos" are made to damage my reputation.

[nicegirlatmiami]

kinda boring but anyways.

[Deutsche22]

If we didn't have foodstamps and unemployment benefits we would see this now.

[soundsliketruck]

I can't believe Bush would do this. What a jerk.

[Jesusismyonlylove77]

@soundsliketruck bush didn't do this, america did this to itself. and its only going to get much much worse.

[soundsliketruck]

@Jesusismyonlylove77 My statement was facetious. The left (Obama especially) has blamed Bush for everything that is considered broken. George W. Bush was born in 1946, therefore he obviously had nothing to do with the Great Depression. Regardless of the truth Liberals absolutely LOVE to blame Bush.

[Jesusismyonlylove77]

@soundsliketruck oh sorry for my misunderstanding! I'm not a fan of both presidents, Obama especially.

[fridaysabtu]

Watch my video. It will blow your mind away!

[BackPackDuder]

So what truly caused the Depression? I've heard de-regulation, regulation, stock market crashes, bankruptcy, and fiat money. So which one?

[DonPaulPro]

Fiat Currency and an Unregulated Federal Reserve.

[DirTyOhGee]

Daaaa Fed! Daaaaa Stock Market. Daaaa Bears! Daaa Bulls! :P

[jaffyyyy]

everything contributed into the cause of the great depression. unemployment, stock market fail, over production etc. etc

[IVoteNone]

"Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. Regarding the Great Depression. You're right, we did it. We're very sorry. We won't do it again."

-Fed Chairman Ben Bernanke, Nov. 8th, 2002.

[BackPackDuder]

@IVoteNone this may be one of the most important quotes relating to the world and it's economic crisis.

[kokonutbaby1]

Other tips: Watch what's going on w/the banks, pull out if u think your bank is defaulting or change banks, stock up on food/water, non perishables, i.e.: pasta, rice, dried beans, powdered milk, canned foods, flour, sugar, dried meats, etc. Keep food vacuum packed, labeled, rotated out. Try not to rent but buy ur own land/property. Make ur own urban farm, raise chickens for egg/meat source, use the manure, leaves, etc for compost for garden, read up on self sustainability. Dont waste gasoline.

[kokonutbaby1]

the key to living: is never live beyond your means, economize, get out of debt/dont create debt, do not use more than one credit card & pay it off each month to avoid interest/or avoid use, learn to garden & be self sustainable..u can garden even off a balcony using containers. U dont need much space. Learn to can, cook cheap meals, do not eat out unless u can afford it, save your money, think do i really need this? keep your utilities as low as possible, turn off lights when not in use, etc.

[hiphopsocnroc]

Key word, confidence, that's all it is folks, a massive confidence game.

[jpcl21]

Why did government intervention fail for so many years? Why was war what was necessary? And how did a war planned economy solve the problems? Was it the rationing? The death? Or was it the massive destruciton of productive resources worldwide?

[malibulanlan]

i think the reason why WWII pulled america out of the depression is because it got everyone working, that combined with the rationing of resources everything was narrowed in the direction of recovery.

[Thistledove]

Everybody listen this man..you de-regulate and this is what you get.

[HealthlyBodies]

There was plenty of food, just no refrigeration back then.

Also no one would pay to bring it to market, cause it was more expensive than now.

Start a garden and learn how to become self sufficient. Learn to fish, hunt, can food,and save plastic for storage......with no money cheap crap will seem like a luxury...........

[dbldogdareya2]

Proving Frat Buddies are not the best choice of corporate leader. The inability to see $60/K or $100/K as a very respectable wage is what is hurting this economy.

Somewhere in the 80's 7 figures was all the rage and sadly it stuck (oddly enough so was rap and to this day it too is the scourge of this nation). People need to redefine "making it" in the world. And CEOs responsible for others livelihoods must be transparent in their life choices such as drugs gambling and family life.

[93rardo]

What got America out of the Depression was massive government intervention through a war planned economy. Yet, many Americans say it was government intervention which got the economy into a mess to begin with.

Oh, ignorant brainwashed Americans.

[No1barney1]

True rardo. JK Galbraith & the bourgeois present the cyclical capitalist slumps as "natural" & the ppl can't be bothered finding the truth.

There is no "war economy" now, they r already swamped in EYErak & Afghanistan.Millions will face a rotten future & pay for the capitalist greed AGAIN! Then when the economy is nursed back to health the govt's of the west will return the banks & finance houses back to the capitalists whose system of Anarchy caused all the problems.

[Vearlsriver]

The Great Depression from what I understand was caused by deflation of the dollar, and not inflation.

[Pnoydanl7]

NAA, Correction!!

Great Depression is coust by busnesses bankrup

witch means lost of whole bunch of money!!

and once all those crush america became very poor and they have to make the price of all inventories higher..

Banks ran out of money and closed it so another people that have there savings there losted it, people dont have jobs bc busnesses are out of money to pay for things!!

In short word all the people In the amrica are cheap so jobs had closed down and it affect the industrieses

[johndeweb]

Victory gardens are in vogue again!

[paul8kangas]

What Obama is doing by giving the corporation $ billions, will make this Depression worse. Giving Israel $ billion ditto. Sending troops to the Afghan war will push the US economy over the edge. We are heading towards the worst CRASH in history. This will totally wreck capitalism and bring on a socialist revolution. As does Peter Schiff. Get out of the major cities. They are going to become violent hell holes like Oakland.

[nate850r]

correct we are so leveraged that if these bills dont do everything the democrats think they will (they wont) we will be headed for trouble. Instead of dealing with a decently rough recession im afraid we are heading for something way worse thanks to government getting involved because they didnt want to see 10% unemployment because us Americans can no longer deal with hardship or losing our digital cable

pathetic

[FatGuy]

hopefully taxes won't go up...you'll see unemployed mothers standing in bread lines...and on the streets

[macman999]

Everyone commenting here are morons! except of course, for ME!. The system works, John K is a great economist. The rule of democratic economies is the invisible hand that always allows things to come back to balance. One must understand the forces of economies and use logic when judging them to determine the most likely outcome.

--the prophet has spoken

[Kitt0000]

The imbeciles got fleeced buy wealthy TRASH. The problem is the wealthy trash, there will probably always be imbeciles.

[bossman068410]

What caused the Crash?

Fiat MONEY

Learn it and you will be disgusted.

[ThizEseDownVaRRio]

while you guys where doin great depression i was doing great impression.

[grolode]

man kind has always to learn again and again that MONEY DOES DOT WORK ! And you can't eat it ! Actually it's worth nothing.

[Garmichael1]

Money works just fine, as long as our money retains natural value by being a finite resource, such as gold. When a nation uses a currency that can be created out of thin air, then the value of that currency can only fall over time. This is what we have seen in our nation because we use that form of money. Learn about the federal reserve, starting with the history of it. Money isn't the problem - government interference is.

[7ahg]

i cant watch this video

funny video lets chat ZA

[bluehealer1]

Sounds like 2008!

[lawyerjudgesdestroy]

the only thing said with any trace of accuracy in this short shit of a clip was the dumbass knew this was once a rupublic until all you stupid fucks allowed the criminal lawyers and judges steal it from you. you will all very soon get what you deserve.

[c0rky123]

sound familiar anyone?