Will This Be The Great Depression 2.0?: Part 1

http://www.davidjenyns.com

How today's global financial crisis happened, and what to do about it.

There's no use crying over spilt milk... David Jenyns' recaps the events leading up to the current subprime / financial crisis and what you should do next.

Watch the complete presentation here:
http://www.davidjenyns.com

Category:

Education

Tags:

• second
• great
• depression
• recession
• 2008
• global
• stock
• market
• collapse
• crash
• survival
• schiff
• prechter
• fed
• bern

[OLDYOUTH]

man you know nothing about money comparing this to chicken little come on. why don't we just hope our lives are like addlain while were at it wait for out littlle genie to give us our wish.

[VoodooChew]

go buy a Tulip, prices are really low now, bargains to be had. google "Tulip Mania" then get a life ;)

[VoodooChew]

@Estevez123321. if you were smart, you'd have sold your house at the top of the market, rented until the market bottomed, then bought 2 for the price of one (or even 3)! go buy a Tulip, they're cheaper than ever and one day they will be worth a fortune. lol. the Property Super Cycle is over - dead baby boomers don't need houses to live in. soon, supply will exceed demand, even more than it is at the moment. but you are only human!

[VoodooChew]

ok, so you can read newspapers, wow. you are clinical and logical, but wrong. we are here because fundamentally, humans don't learn from their mistakes - they have a need for greed and all business does is to try and feed it, because of their greed too, and that of their shareholders. and governments do their best to keep the ball rolling, so they can be re-elected. it's a cycle, no more, no less. boom, bust, boom, bust. big boom, big bust. smell the coffee folks! TULIP MANIA lives on....

[ah2rs4]

xD too fun !! lets chat c my profile! f

[tyronebiggums3]

p.s. The gold and silver should be physical, not the paper stuff (ETFs, etc) which are worthless if things collapse. I was out of the market a year ago at the peak. Why? Because I'm one of those stupid chicken littles. Got Gold?

Hope for the best, prepare for the worst.

[tyronebiggums3]

Also, did you know that Jim Rogers is SHORTING US TREASURIES! SHORTING US TREASURIES!

If these "bailouts" continue to pump money into the system, inflation could skyrocket. Foreigners could abandon US Treasuries (see note above). Then what? Total mayhem, daddy-o. Game over.

Subprime is a pimple on the fat-ass gambling spree by Wall Street.

Recommend Calculated Risk and Market Ticker (Denninger) for additional reading. Also recommend you get 20% of your portfolio in gold/silver.

[tyronebiggums3]

David, you're chicken little reference stinks.

Those that pointed to a housing bubble were called chicken little (go read Housing Panic). Ok, now the bubble burst. Were the chicken littles correct? Yes. The problem is bigger than housing--> CDS. Go read about them. So now many of the housing bubble folks are pointing towards the CDS problem. And guess what? Same damn chicken little reference is used. Prolems: Unemployment rising, tax base lowering, currency being de-based, CDS!

[Estevez123321]

I'm in the US. I took up a 30 yr mtg 15 years ago and have been prepaying my house...almost paid for. Now, I'm piling up cash and waiting to see how low home prices go so I can get into a second home and keep the one I have now as a rental. Many here are on the down, but a few like myself are seeing increble buying opportunities. Living frugally is paying off. good video by the way