The Crash of 1929 & The Great Depression (PBS) 4of6
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"The construction industry was sluggish, car sales dropped, and becuase of easy credit many people were in debut. Large sections of the population were poor and getting poorer."
Call me crazy but did America somehow travel back in time to 1929 and the country is repeating itself? I feel like I'm in the Twilight Zone! o_O
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With each boom, eventually there's always gonna be a bust. If things are too good to be true- it probably is.
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Cool to see the Karol records guy in NY here! Greetings from France via the USA. I am an expatriation consultant now. People want to leave the USA.
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tnx for posting!
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@gopconservative78 "This brings us to the definition of insanity: doing the same thing over and over and expecting a different result (Einstein)!
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the paper delivery man's son. His dad was a smart guy. he said "you'll see"
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get rid of the Fed Res - listen to JFK's last speech.
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@gopconservative78 hells on the horizon; 2007 was a cake walk.
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@gopconservative78 It does sound like today's times to the tea. And the housing boom you mention is just small part of this mess of today.
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sounds the same today with the housing boom of 2002-2007 and then boom it ends and all hell breaks loose
gopconservative78 1 year ago 12
Point being that the problem is fractional reserve banking. If the gov't was really concerned with stopping Housing Bubbles, depressions, etc....all it needs to do is pull out the, trade and commerce part of the Constitution and say, "You guys are doing bad things with money that isn't yours, it effects multiple states, so we're pulling the plug." The Federal Reserve would no longer be necessary, we could go back to the gold standard, Wall Street would be very different, and industry would reign
bdgrey 7 months ago 5