1929 Wall Street Stock Market Crash - Prepare for the next Great Depression in 2011
Loading...
Link to this comment:
Top Comments
All Comments (51)
-
THE USA HAS THE OBAMA BLUES
CLICK THIS LINK TO LISTEN
-
@Ilikemustard Theoretical bullshit. Corps do buy politicians - but there are plenty of other ways to destroy competition. Try setting up a local shop next to tesco metro and see how much effect tescos debt has on how much money you make. You arguments are out of the US book of crap arguments to justify the 'free market'. They don't stand up any more.
-
Part 2)
No, you're completely wrong. The larger a corporation gets, the EASIER it is to compete with them. As a corporation buys out the market, it becomes more expensive to do so as there are less competing firms to buy out. Basic economic law, low supply, high cost. So the more firms that are bought out, the more expensive it becomes to buy out the market.
So to do this, big corporations need to take on lots of debt, making them easier to compete with.
Simple myth.
-
Part 1)
Yeah, they act to destroy as much competition as possible, and the most efficient way of doing that is lobbying politicians. This is just common sense and there is evidence everywhere you look (e.g airlines in France).
-
@Ilikemustard Oh dear. Every corporation must act to destroy as much competition as possible. The bigger they get the harder they are to compete with. This is just common sense and there is evidence everywhere you look (eg supermarkets in UK). You quote an example of a government protecting a home-grown (and in that case taxpayer-funded) business. Agreed governments DO do this type of protectionism - but this doesn't prove monopolies can ONLY be created by governments. That's logic.
-
So you give me an example of a corporation trying to avoid TAXES and you think this demonstrates a flaw in the free market? Wow.
NO, monopolies are formed WHEN government intervenes, because when government intervenes it is almost exclusively to help the big corporations because they are the ones that can pay off politicians.
An example: Google "easyJet Air France monopoly". easyJet wanted to compete with Air France, but the government blatantly said no.
-
@Ilikemustard Not sure how some of these corporations are going to get any meaningful competition any time soon - with or without help from government cronies. Take amazon - they avoid sales tax in the Uk (20%) by shipping all their stuff thru Jersey. I can't compete with that. Our government would have to take action against them to stop them - that isn't a free market. I say that the free market creates monopolies. You will disagree with me. I see no evidence that you are right.
-
This is learning, history to repeat itself.
Robert Lichota, Robert Lichota
-
Don't confuse a true free market with the crony capitalism that currently dominates the world.
-
Alexander Hamilton = i <3 central banks
No founding father IMO
9:58
Financial Armageddon Coming Soon (2012)by 19justinbrown88304,083 views- 9:48
When will America Collapse? .....answers from Jim Rogers, Marc Faber, Gerald Celente and othersby PaulRevere2012384,248 views
- 8:14
Tony Robbins on The Coming Economic Collapse (part 1)by MrSilverovergold70,571 views
- 10:00
2012- 2013 Violent Welfare Riots/ Looting spread across America - Gun confiscation in major citiesby PaulRevere2012125,365 views
- 9:37
The Crash of 1929 & The Great Depression (PBS) 1of6by AllHistories66,643 views
- 27:47
Stories from the Great Depressionby usnationalarchives119,741 views
- 2:41
Bob Marley - Rare Illuminati Interviewby TheDrfreemason798,718 views
- 8:26
REAL REASON WHY USA & ISRAEL WILL ATTACK IRANby WeAreNinetyNine6,514 views
- 3:14
An Economic Storm is approaching -- Crisis begins in 2012 and worsens in 2013 to Economic Depressionby PaulRevere201281,934 views
- 3:11
Economic Collapse: Government Forced To Raise Taxes in 2011by MisericordiaVerdader9,437 views
- 2:06
Dennis Ng Warns of Stock Market Crash in Year 2011 or 2012by HousingLoanSG10,295 views
- 4:56
Economic Collapse : Why it might happenby CopingWithTheTimes77,773 views
- 9:58
The Truth About The Economy: Total Collapseby DavidThePatriot1,288,495 views
- 6:47
The Collapse of Americaby greenback00140,700 views
- 5:10
"Economic Collapse" A Real Threat!by jjaayypp9632,987 views
- 4:54
2012 - The Crash of the U.S. Housing Market?by sensfaninohio120,628 views
- 9:01
stock market crash in 2011by tradeyourwayout52,999 views
- 8:17
Lindsey Williams: Elite Plans (Gold/Silver Oil & Hyperinflation)by GypsyHustled6,909 views
- 2:55
How the Economic Collapse Will Startby shelter101com185,982 views
spread organic heirloom food seed far and wide,its called"johnny appleseed economics"or"gorrila gardens",spread more organic food. wake up everyone,do your part!IF YOU ARE angry,get seed and make a organic revolution your way.SPREAD THE ORGANIC SEED EVERYWHERE TELL OTHERS! INCREASE THE FOOD SUPPLY RIGHT NOW WHILE WE GOT TIME!! GROW VERTICAL GARDENS IF YOU DONT HAVE THE SPACE! START NOW!SOLAR ENERGY,HAM RADIO,WATER!
AN ARMY IS ONLY AS STRONG AS ITS STOMACh
boxa888 1 year ago 5
Clarkewi makes a most important point that wall street is totally disconnected from main street. There has been no recovery in the real economy. Further decline in the economy is being artificially stopped by the Federal Gov't but it can't keep this up forever. There are no real jobs being created compared to the millions lost. How can a retail stock increase on Wall Street when there are no shoppers on Main Street is beyond my comprehension. A total disconnect.
acousticonlyforever 1 year ago 5