Housing Bubble vs. Great Depression
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Another great depression is comming....We had to learn from the past but seems that we didn't
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Affected in a very negative way. Sorry, I left a word out. See my channel for what videos I have in favorites, like Videos from Mike Maloney, and you will see proof
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The great depression affected most investments in a very way. But for people who purchased gold and silver bullion, they accumulated the wealth lost from all the negative. The Richest people in history, made their fortune off the back of negative investment declines. The wealth is never ever lost, it never disappears, it simply transfers to another asset class. Today, you can buy an ounce of silver for $45 or less. If we see stock market crash, and decline of U.S. Dollar, watch silver fly. See
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@farmboycarl How did 'they' do that? The housing bubble was fueled by expansion of credit, even most Keynesians don't deny this anymore. There are many factors in expansion of credit but when somebody is steering it, blame them.
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Let's see, I think I counted quotes from 17 Graduates or represntatives of Ivy League Universities here. But how can that be? President Obama said the answer to America's problems is more education!
Fact is, People with normal value systems constantly under estimate the drive and greed of Wall Street. They set this housing bubble up from the start so they could reap TRILLIONS in profits from average people. What do you think a Credit Default Swap is, but insurance on self-created destruction
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Hmmmm....where is Murtha now? Looks like God heard you :)
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It's a poor prospect to begin with when the economy of a nation is driven by real estate and housing. Like, Hey! who will live in and pay for all those new houses? When would it stop? When the rest of the world moves here and our beautiful country is paved over and is one big housing complex? There will have to be some room left for agriculture. Look what has happened to Southern Cal. All the beautiful country that was used in the making of movies, movie ranches and the like are now residential.
The reality is had they not bailed them out, their system of greed and theft would have finally come crashing down they have been robbing the American people blind for over 50 years under the guise of democracy. They ever bail out banks again and its time for my Ar15 to put some tennis ball sized holes in senators faces.
xiola6969 2 years ago 9
I think the lesson here is that...no one really knows what they are talking about....:-)
MrCrackerman1 1 year ago 5