‘Don’t Panic, Stocks are Safe!’
Economist Professor Irving Fischer explains that the stock market crashed due to high expectations- not high stock prices. Too many speculators were playing the stocks with borrowed money, resulting in a run on the banks. 80 years later, the banks are speculating with borrowed money and investors are running away from them.
Duration : 0:1:29
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LauraParkerSmells February 27th
No return to boom & …
No return to boom & bust?
Jasper1399 February 27th
Every crisis we …
Every crisis we have endured has been a product of the ever-growing human greed.
Camnun February 27th
Very nice video
He …
Very nice video
He just forgot to say that it would take 15 years for the “great progressive improvement” to happen !
KodaCodec February 27th
Ha, I guess it is. …
Ha, I guess it is. No trend lasts, it just takes awhile to come back and bite you in the end
jdbrown371 February 27th
80 years later, the …
80 years later, the banks are speculating with borrowed money and investors are running away from them…
Is this the “rule of alternation”?
Nuanceqwest February 27th
Who me?
Who me?
KodaCodec February 27th
Someone was short, …
Someone was short, but is too young to retire
Nuanceqwest February 27th
Hehe, look at the …
Hehe, look at the date of this video hehehe
If someone had gone short and kept selling with the profits they would be retiring now……… at a 10% margin.
DreamxFar February 27th
Don’t you mean …
Don’t you mean George Bush? Obama reassures us, he doesn’t flatly lie in public. Please get your facts straight.
finefilth February 27th
“Economic crises …
“Economic crises have been produced by us for the goyim by no other means than the withdrawal of money from circulation.” – Protocols of Zion
Poiup0iu February 27th
nice propaganda, …
nice propaganda, just like now in the US.
This guy reminds me of Obama…pretends that understands situation and tries to say things will be ok.
DonnaSilverstein February 27th
White man speak …
White man speak with forked tongue.
xihopeyouchoke February 27th
you dickheads, the …
you dickheads, the stock market crash was a set up back then and it is now aswell
kkmartbr549 February 27th
The government knew …
The government knew, they are not the ones in control. people do not realize someone is making money off the markets going down they are making a killing! they always do, they make the paper that makes the markets. those derivatives are contracts. the banks might be losing money but the entity on the other side of those contracts is making a killing.
hotsweat22 February 27th
haha, “stock market …
haha, “stock market was not too high” we hear the same 2day, but economy is to break down further, GM bankrups, Dow below 2000, and the Afghanistan and Irak war impossible
stillrob420 February 27th
yea it did, it was …
yea it did, it was founded in 1913
stoiccid February 27th
hey thanks… i did …
hey thanks… i did my research because of you!
stoiccid February 27th
ok, you made me …
ok, you made me look like a dumbass.
stoiccid February 27th
dahhhh *drool* i …
dahhhh *drool* i THOUGHT i knew that…i forgot, Bretton Woods and all that crap right?….well you made me look…uhh not a graduate of an Ivy league school. Anyways I was thinking gold-standard…and the FED which kinda got me mixed up. Sorry. believe me i didnt reasearch it after I posted my last comment. I just kinda say things before i think.
jjenson2006 February 27th
1) Government …
1) Government manipulates the interest rates. This in turn makes money artificially cheap causing malinvestment (bubbles) which causes the boom and bust cycle. Without the FED it would be impossible for people to borrow so much money.
2) It is the FED that is preventing the companies from failing. They are bailing out all these companies causing an even bigger problem.
3) The FED was created in 1913.
stoiccid February 27th
So why do you blame …
So why do you blame the Fed? Yeah maybe they did up…because they did too much, that’s why. if they did too little, we’d still blame the Fed.
stoiccid February 27th
how the are …
how the are governments the ones to blame? they aren’t in the business of lending to people who cant pay back the money, and speculating.. THEY ARE NOW; AFTER THE PEOPLE UP. It’s the Public as a whole that’s to blame. why the do you borrow money, you know you can’t pay back. Just to steal, thats why. the Govt isnt in the business of speculating. they shouldnt be buying these shares. Let all the companies fall. as for the Fed. The Fed didn’t exist back in the 20′s.
MissMinnieMousegirl February 27th
I was thinking the …
I was thinking the same thing!! LOL! I am looking at all of these 1929-1930′s footage now because it is so much a repeat of what is happening now~ just different characters!
zeitgeisthero February 27th
Banish the FED to …
Banish the FED to jail. lol. but yeah somebody better be going. We could start with the rothschilds if you would like.
UTubeFreeMind February 27th
THE OWNERS OF THE ‘ …
THE OWNERS OF THE ‘PRIVATE’ FEDERAL RESERVE. ie Influential bankers…not government. This is a farce propgated by the government. Start with Rothschilds…they who own 550Trillion of global wealth…so you the serf/debt slave can keep their power trip alive. Obama can do nothing other than give money to the crack addict companies. Ron Paul had the answer…ABOLISH THE FED.
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