Is Economy Plunging Into Great Depression 2.0? | George Selgin
HTML-код
- Опубликовано: 25 июн 2024
- George Selgin, Senior Fellow of the Cato Institute, discusses what brought the economy out of the last Great Depression of the 1930s, and whether or not the economy of today shows any parallels and similarities.
Sign up for an IRA with iTrust today using this link: itrust.capital/David
*This video was recorded on June 11, 2024
Listen on Spotify: open.spotify.com/show/510WZMF...
Listen on Apple Podcasts: podcasters.spotify.com/pod/sh...
FOLLOW GEORGE SELGIN:
Twitter (@GeorgeSelgin): x.com/GeorgeSelgin
The Menace of Fiscal QE: www.amazon.ca/Menace-Fiscal-Q...
FOLLOW DAVID LIN:
Twitter (@davidlin_TV): / davidlin_tv
TikTok (@davidlin_TV): / davidlin_tv
Instagram (@davidlin_TV): / davidlin_tv
For business inquiries, reach me at david@thedavidlinreport.com
*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
0:40 - The Great Depression
9:00 - What cured the last Depression
14:35 - Stimulus
17:00 - Protectionism and globalization
21:55 - Unemployment
25:00 - Bitcoin
27:16 - Gold
29:50 - Stock market crash
35:16 - AI and the economy
#investing #economy #bitcoin
Coming out of facing alot, I knew two things about the stock market: It caused the Great Depression, and the fastest way to make a million on the markets was to start with two million. And then the Great Recession happened only a few years later. So yeah, I wish someone had better explained it to me earlier in life. Having a good entry and exit strategy will make you succeed in the stock market.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
Exactly, most of the investors pays more attention to the profit aspect forgetting that the market involves ups and down. securing your financial position requires lots of patience and proper education on the market so as to know the right profitable stock to buy and invest in. I made over $260k in profits, from just the Q4 of 2021. Investing in the stock market is most profitable when you understand how the market actually works.
I really acknowledge your comment, i have been trading stocks for a while now but i have not been able to make much. how do you achieve this feat?
Her name is “ANNETTE MARIE HOLT” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for sharing, I must say, ANNETTE appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.
Opinions on the market diverge; some claim overvaluation due to rapid gains, while others cite strong economic fundamentals justifying high valuations. Raises concern for my $600K equities going 8% up and 20% down. Should i hold on or sell off my positions and hold cash?
In fact, markets have incorrectly priced in such a pivot six times over the last two years, according to Deutsche Bank, which sounded cautious about this seventh time. Still showing us why pointers from market experts are essential.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1M in returns on investments.
That's incredible! What did you invest in? I'm really interested in this, because I'm in a similar position at the moment. more info needed please
’Melissa Jean Taligdan’ is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call
“When all else fails, they take you to War” -Gerald Celente
Gerald Celente, another fear mongering leach
Bring on the hyper deflation or hyper inflation already. Let’s get this show on the road.
Ur funny
It's here. We are in a deflationary recession. Unemployment will skyrocket soon. There are no good jobs.
Gov will start printing like crazy again in a year or two.
Welcome to the end.
Nonstop Stagflation, woot woot! Worst of both worlds!
@@HipHopCantSaveMeyeah prices haven’t gone down. China hit deflation but Americans spend way too much still thanks to bnpl to be in deflation. I wish it was deflation
more like hyper shrinkflation
David you are one of the best read and informed interviewers around today. Impressed with the quality of these long form interviews. Thank you.
Most most major economies had been destroyed by the war while the US mainland was never bombed and that’s why we were able to turn our factories to consumer goods from war materials and keep people employed after the war. Our economy grew because we were the only game in town while Europe and Japan were in ruins.
That’s so true now companies have sent all that. manufacturing over seas and to Mexico. So we’re in trouble in that way.
The biggest factor that prevented the second recession is the post war rebuilding effort. Pearl Harbor totally levelled, carriers, ships, fighter planes, ammo needed replacement. Above all, Europe was in total ruins and the Marshal Plan was developed to rebuild Europe which US is the only industrial power left to undertake such massive job and which Europe has to repay enormous costs to US. Besides Europe has to pay the US for helping to win the war such as ships, aircrafts, ammo, human lives lost. It was reported that UK finally paid the last payment installments a few years ago! Therefore the US war strategy since WW2 has been to fight wars overseas and never in the US, hence the Monroe Doctrine.
Once governments resort to the printing press they don't stop until the currency is destroyed. Print and spend is just too easy. There will never be a decline in spending. Up, Up and away.
The most reliable indicator for big trouble soon, just appeared this week (FED saying all is ok).
So true 😂
Now we have the Feds endless funny money to help support the black hole of the debt markets.
The US got out of the Great Depression because ….. wait for it ….. WW2
Perhaps that is why we're stoking at the WWIII?
lol really ? Had nothing to do with the German guy either the funny mustache? You know the one that liked to gas people !! lol
@@scrambledwit_nyc they hustled need to string it out a little longer. I say shtf in about 3 years
And, the reason we got into it was excessive government control. It was really post-WWII that helped us get out, not so much because war is good for business. War is horrible for business. Everything was rationed. The reason we got out was because no other country was left standing. So, it really wasn't the war it was the Pacific and Atlantic ocean that helped our country escape attack. Hawaii wasn't a state at the time since I know someone will say, "what about Pearl Harbor?"
@@scrambledwit_nyc No, it's civilational suicide.
There will never be peace while money is, "backed by men with guns" - Paul Krugmen.
Right but after world war 2 we got the worlds reserve currency, sounds like me it did save us from depression. Without all the debt we have now. Hummm
Our currency was also convertible to gold back then. Now, the dollars in everyone's pocket are counterfeit.
yeah just imagine running up the debt if we had to pay interest in other currencies.
Post WWII, rebuilding Europe and becoming the factory of the world played a huge role in growing the economy. We also had a lot of cheap American oil.
We took on the western world's gold (custodian) and handed them US debt notes. Breton Woods 1944
What do we have now to offer allied nations as a means of establishing some financial stabilization?
Do you think the economy could see another Depression like in the 1930s? Comment below and don't forget to subscribe!
Sign up for an IRA with iTrust today using this link: itrust.capital/David
FOLLOW GEORGE SELGIN:
Twitter (@GeorgeSelgin): x.com/GeorgeSelgin
The Menace of Fiscal QE: www.amazon.ca/Menace-Fiscal-QE-George-Selgin/dp/1948647931
No
Yes
Maybe...but it wasn't just private investment after WWII, we did conduct Marshall plan, we did push arms race....and then Ike's interstate highway plan....etc
No
Only if we stop using fossil fuel . The green agenda will bankrupt the world. For example, stop moving goods and people use oil based fuel. See how that works out. I believe that the Western world was OK while they had control of fuel from the developing countries, enter the solar/ wind energy. And something that will cost more than people to run production will be Ai driven production of goods.
We're in a massive bubble. When Great depression hits, it'll be max pain unlike weve seen in many many decades. People are too reliant on tech. Good luck out there. You'll need it. Black swan event isnt too far away
When great depression hit, it'll be max pain unlike we've seen (weve-we've) seen.😢😊.
The Great Depression is the best understood event in human history. Thousands of books...
Small business' has been butchered, with many middle to large cap business' have been upset, but we are living in a dual economy, with mega cap businesses holding the economy up, while the balance are in a recession/depression that may bring back stagflation as Dimon suggests; Wallstreet is doing well enough, while Mainstreet suffers.
basically its like any other third world county ... the have and the have not , big business and no more mom and pop stores
the economy is divided first by the paycheck to paycheck people , and the people who live below their means spending habits cash or credit on the low end . the upper end people spend the same , but when they cut back its 100x more then the low end
banks cause ALL depressions, and economic booms by credit .... from the 1930 to today
the economy is almost the exact ratio as potato chips , price and size
David always looks like he just woke up 😂
But he is awake and alive, sharp enough, it doesn't matter. Function over formality.
Let’s not forget that that war took over 400,000 lives and wounded it an additional almost 700,000. That’s approximately 1.1 to 1,.2 million of the working age population. That’s when the population isn’t anywhere near what it is today and the working age population is a fraction of that.
Great interview. I usually find university professors to be uninformed and hopelessly biased politically. This guy and professor Hancke are two exceptions - informed, well grounded, straight shooters. Keep at it David!
Mr Selgin seems very grounded and is using both facts and data to base his opinions. Very refreshing
I wish he would have given more specifics. He spoke in a lot of generalities. I'm guessing his book has the details, but I don't even want to get it now because he didn't give us the data and I'm afraid his book will be like that too.
Wow that was a lot of dancing Mr Selgin did.
Thank you for introducing Professor George Selgin. I enjoyed the conversation and his insights.
Mr. Lin please allow an old Grunt to thank-you for your integrity in this and all subjects you address here on your channel. I know I can count on your choice of words to be revealing and enlightening. I’m not an industry professional but it’s a hobby for me because I like feeling the peace of mind from having some actual idea about what happens largely in an opaque fashion in the world of finance. Sincerely and emphatically!
Mr. Selgin doesn't discuss the problem of the collapse in the value of commercial real estate and the threat it poses to banks that have large loan portfolios to commercial real estate owners, Many other economists thinks this overexposure of banks to bankrupcies and/or defaults by commercial real estate owners threatens the stability of the U.S. banking system.
David what on earth have you been posting consecutively post after post after post. I mean man doom, gloom, zoom and boom. It’s amazing culturally how many nihilists there are in the U.S. Wth is going on let’s talk about life friend
The infrastructure built as part of the new deal is still the bedrock of our economy. Saying the new deal didn't matter is like trying real hard not to open your eyes
Most of the New Deal job programs that employed people were "busy work." Some of the infrastructure projects served as foundations for more comprehensive infrastructure projects during the fifties, sixties, and seventies, but most really didn't amount to much. The real foundations of the America that I grew up in during the sixties and seventies was based on work done in the forties and fifties. A lot of infrastructure was built in the forties to support the war effort. In the fifties it was driven by the movement of families from the cities and farms to the suburbs.
Because we are failing to heed the follies of the past, thus we are doomed to repeat.
Very thorough and thoughtful guest. Very good. Well reasoned with full analysis of all historic factors at the time. And a good comparison and contrast to current conditions.
My MIT educated grandfather studied architecture and build any number of custom homes and buildings in Connecticut, South Carolina, and Virginia. He ended up losing his beloved 50-acre polo pony and fox hunting estate. He was a man's man, an architect, a pilot who flew in the Army Air Corps. Losing his farm to foreclosure in 1934 broke him. He still served during WWII but died too young. I never heard the story about how he lost his farm to foreclosure because my father was born in 1933 and always played like he was still the rich boy. He wasn't. My grandfather kept a modest home in West Hartford but it was his beloved polo pony estate that made him happy.
I love animals but try to stay away from the "ponys" . They get people in trouble. Famous people always seem to be falling of them (Christopher Reeve , Bonnie Blue -Rhett And Scarletts daughter and many others) And millions of families hard earned money is lost each year betting on the pony's. 😽
for someone who has deeply studied the depression , I find his current outlook to be highly questionable .
War is THE business principle of the USA or who controls it.
Why wouldn't it be?
Same exact thing happened last time.. free money for a decade at 0%, then demanding 5% suddenly.
Those banks lent money at 4%... and the federal reserve know is.
They lent the money for 30 years at 4%.. and have to pay 5% now, banks must refinance every 2 years. (system made to trap banks into fail)
“Moderates” lead us to 4th turnings. Leaders get us out of them. Leaders come in different flavors, but Americans, thankfully, overwhelmingly favor principled leaders as existed in our founding. I for one thank God we don’t rely on analysts to lead…
Thank you both, an amazing interview
And google sensors graphs and rate cut information from the 1928 period
What about the extreme debt?? Even Powell called it 'unsustainable'.
Excellent interview, thank you gentlemen. Refreshing to listen to ideas based on rationality.
Interesting interview. I think that post-WWII, the guest is neglecting to mention that the US was the only game in town. Europe and the far East were in shambles for decades and the US was untouched (not withstanding the attack Pearl Harbor). We were the widget maker for the world and prospered as a result.
I think he wants us to buy his book :p
Its always interesting to see how these guests tout private industry and always blame Govt but they REFUSE to go farther back in history to show how private industry ABUSE and GREED leads to the financial crashes we have experienced over the decades.
Many of these guests on these shows are just Reagan-loving propagandists. I’m a centrist, and I certainly look at taxes with askance such that allows the reality of 56 billion dollar pay contracts with little tax while 20 per cent of my $15/hr check is taken
Capitalism 101: everything good is capitalism, everything bad is socialism. Privatized gains, socialized losses. Those are the 2 tenets of capitalism.
The top corporations have identified AI’s potential and have begun the transition in trying to incorporate its infrastructure within their businesses. Technological Displacement and the Social Crisis that stems from it. Definitely learned that from this channel.
very nice conversation
Can't wait for the book!
Thanks for sharing your thoughts George. I’m curious, you mentioned that bitcoin isn’t being used as money, because the number of transactions are so low, but would you agree that it is possibly being used precisely as money but that Greshams law maybe in effect? The “bad” fiat money is driving out the “good” bitcoin money?
😢The last time the nation work together to get out of it, To day every one is still waiting for hand out!
It is so confusing when the experts point to extremely opposite economy outcomes.
Are we entering a great depression, or is everything ok?
Depends on a thousand different factors that are generally out of our control
as long as government keeps dishing out welfare , government housing , it's hidden
I think your guest is very knowledgeable but I disagree with his assessment of what is to come regarding another Great Depression. I think with the tusnami debt and the complicated society and economy we have today makes us more vulnerable not more stable.
hoarding of money is the opposite of printing money.. so hoarding money is good because it deflates capital and consumer cost. George talks about spending and consumerism that’s not how. economy works. It works on capital and a free market. J B Say is known for saying that you cannot spend on something that’s not already produced. A true free market works using sound money instead of money, counterfeit by the federal reserve. Sound money is some thing that grows organically in a free market.
Thanks David, we’ve been talking about this depression for a long time now and yet nothing happens? It looks more like a soft landing than an economic catastrophe. There’s simply too much cash sloshing around in the economy..
Excellent interview, thank you.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Please can you leave the info of your invstment analyst here? I need such luck
Vivian Carol Gioia is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
The personal responsibility of individuals was a big part of working through the "Great Depression".
Nothing says personal responsibility like trillions upon trillions in taxpayer bailouts (and bonuses!) to bankers since 2008.
@@user-lb8bg6kj9m you might want to look at what happened with the Great New Deal buddy
The world economy and economies are much different than 80 years ago. So I don't take much stock I. This.
Sounds like he's saying the economy is doing just fine and no problems ahead in the near future.
Exactly, doomerism is fan fiction, not economic theory.
@@AustrianDurationSo you agree this is a very healthy and happy economy. The people getting left behind are just expendable.
@@Resmith18SR you're delusional
I disagree. Cyclical wave is coming from 2026 to 2040. I do like the narrative of selgin and the historical context. Thank you
That's just great!
Have you interviewed the guys about the book, 'under ground empire'?
Thanks for your insight David and George, funny how history always seems to repeat itelf!!
If a wage- Price freeze can halt hyper- inflation from happening- Someone has to have the balls to say let's do it!!
I´m bullish on VRA, Joystream and Cyberopolis. What do you think guys about my picks?
Bitcoin is on its way to down, getting closer to hitting new high prices, showing that it's loosing more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 2.1Blitcoin to a decent 11.4Biitcoin. At the heart of this evolution is mrs Beley Haener, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have, we find it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Mrs Beley Haener. I now make huge profits by weekly through her services while still learning to stand on my own.
I am new here, how do I reach out to her?
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with.
Mrs Beley analyses go beyond surface-level trends. She delves into technical, fundamental, and sentiment analysis, providing a holistic view of the market..
Gram with her username
Surely it was only Breton woods
I see question mark ... I no longer click.
My top picks for this bull run are Illuvium, Verasity and Cyberopolis.
Also read Fruits of Graft , by Wayne Jett to learn more about the bad things that were done to the people during the great depression.
The professor made a very important point about Kaitlyn Long ,Custodia Bank being able to custody and Finance with BTC and fiat exchange.. It is unconstitutional that Custodia Bank got denied… I believe once this gets reversed. It is full steam ahead.!
Insightful interview knowledgeable guest thank you
whatevwr happens will be difficult but healthy for the longevity of humanity
Deficit spending does in fact help an economy get out of recession/depression UNTIL debt/GDP exceeds 120%. After that, a country's borrowing authority should be considered as used up because any additional debt gives a diminishing return and destabilizes the financial system. We are past that point now!!
wrong again. Deficit spending plunges the economy into recession/depression due in large part from govt intervention and onerous regulation/taxes that prohibit the private sector to operate efficiently.
@@nicklll4477 too bad history has shown you're wrong buddy. Keep up the narratives
Thirty-four trillion in U. S. debt could end our depradation and save the world from us.
When all else fails they take you to war - Gerald Celente.
Excellent interview. I have an old cassette tape in my archives of Father Charles Coughlin in the 1930s and the title is "Relief That Fails To Relieve" where he's criticizing the New Deal. The presentation on the other side of the tape he talks about entry into WW1 and predicts WW2. As far as presenting information this guy would take any social media commentator by the scruff of their neck and spank them like a puppy dog.
Post WW II economy kept going with rebuilding Europe and Japan.
You gotta have this guy, Art Laffer, and Bob Murphy debate the causes and exacerbation of The Great Depression
Check out Art Laffer vs Peter Schiff in 2007.
The guy claimed the economy was great in 2007.... just before a massive crash in 2008.
These guys keep re-emerging regardless of how terrible their record have been.
How anyone platforms Laffer like some genius is hilarious. Even his curve is the most obvious thing ever. You're telling me there's an ideal level of taxes and for optimal growth?!? No way!! It was just a giant psyop to lower taxes commiserate with Reagans spending spree
@@user-lb8bg6kj9m You're never wrong about anything? Also, I think Laffer is the kind of person who learns from mistakes like that because he seems to be aware of the current trajectory we're in today.
Anyway, I also enjoy listening to Schiff. I just think it's important to listen to a bunch of perspectives so we can get a larger data set. And Laffer has specifically studied The Great Depression and written about it in his book.
@@davidmann2524 You're telling me that when you get taxed less, you don't have more money to spend into the economy? lol
@@geoffgjof
If he could not foresee one of the biggest bubbles of our times, of what use is his analysis?
No discussion on economics is complete without mentioning inequality and AI.
I'm just an "old fellow" but after the war the US was the only country left with any manufacturing factories so it supplied the rest of the world with durable goods, electronics, etc. Many of those factory jobs,(nearly 60%), were under union collective bargaining agreements with good wages, benefits and pension plans that allowed even blue collar people to move into the middle class. A lot of veterans went to college on the GI bill and got well paying jobs as engineers, designers and even management positions. Corporations decided that it was more cost effective to send the manufacturing overseas and Reagan helped them start that, Bush Sr. got NAFTA ratified and Clinton signed it after organized labor put him in office which was the final nail in the coffin for manufacturing in the US. Independent voters have no parties left that give them any hope for relief from the extremes on both sides.
I am from S.E. Asia. First of all I totally agree with you that US prospered as the factory of the world post WW2.
Regarding the relocation of US manufacturing overseas, I am a beneficiary as I worked in an American semi conductor factory for 10 years. Since the 1960s Japanese factories started in S.E. Asia as export substitution program. In the early 1970s US started with relocation of mainly electronics manufacturers. The main reason is to check Communism from rolling over the rest of SE Asia, spreading from Vietnam and Cambodia by developing and enriching the economies to strengthen democracy and capitalism against Communist socialism. Through time due to the cost effectiveness of low costs, incentives like tax holidays and good profits, more American companies moved over and later to Korea, Taiwan and China for the same reasons. So it was a win win solution then. No one is the victim. The US was making a lot of money then through exports to the world market until China caught up now.
Best investment are precious metals and have them at home sef, but diversify of your investment will never do damage.
Honest question, if world population decreases how that creates a shortage of labor?
I understand less workers, also less people less demand for goods and services?
Agriculture or global trade had been the issue after WW2?
Cyberopolis presale is on Times Square video wall, get in while you can!
“The Depression You’ve Never Heard Of: 1920-1921”
Look it up and learn how to deal with an economic depression. And no, Wars don’t fix them, that’s the “Broken Window fallacy”, on steroids.
CATO Institute is one of the best think-tanks out there.
Can you have a big economic downturn if everybody is calling for one ?
The housing market usually busts every decade or so. It's been over a decade
The lesson the US govt learnt from 2008 is not to let big companies collapse and not to let the stock market dive.
So expect backdoor bailouts and high stock markets even as the economy crumbles.
@@user-lb8bg6kj9m They've already done some bank bailouts. There *should* be a downturn, but not so sure about this one....
@@user-lb8bg6kj9m bingo. Politicians decided recessions should not be allowed anymore.
EZ Pickens for computers outsmart humans with the dog training style of education today . 😆😆
How to say nothing in 41 mins
But concise. Very concise.
Yeah, I was kind of blown away by the lack of data he gave.
How the heck did Germany get our of thr Depression in the 30s so fast?
War. Leaders start wars to get out of a depression. Stay tuned to China.
Labor force participation is “healthy”? Tell that to the tens of millions of us who are working only part time, often multiple jobs, and even if employed full-time, require an additional part-time job just to make ends meet. This of course does not include those who have run out of eligibility for unemployment benefits, nor the millions who have simply given up looking for work altogether, to say nothing all of those who are under employed, but for a variety of reasons are not in a position to get a second job at this time. No thinking person with both feet on the ground, who lives in the real world and works fora living, calls this “healthy“
This was just the most wishy washy analysis of the depression and post depression I have ever heard. And this guy would make a great J Powell clone.
Yeah... we may be favoring the Landlords of yesteryear too much here? Since I bought my house in 2009, right after the big crisis. I rode the 0% interest rate now for 15 years. Now I know my house has doubled in value since I bought it. But since I have tenants, all I have to do is have a sit down. Look, the Fed increased rates, so if you want to continue and maintain this lifestyle, you'll have to finance it. Whether it or not my tenants can finance this David? It's up to them, it's not up to me anymore. i have faith in them though, but they'll be grumbling every step of the way believe me. But I'm the 42 year old retiree that everyone seems to want to be right? The 2009 Landlord wins in this scenario. I don't even have to sell the house.
Inflation actually lowers the cost of debt. So expect inflation to stick around.
You forgot to mention Cyberopolis. It will destroy other alts. Still early to ape in.
Unemployment did not go up after WWII when the soldiers returned home. Wonder why?
How many of those soldiers never returned home to get a job because they died??!!
And the women abandoned their wartime needed roles to return to the home for a more important role of being a mother and depopulation the country.
With advancing technology, increasing demographics, fewer working age men, there was a need for more productivity.
Everyone should read The Politically Incorrect Guide to the Great Depression and the New Deal by Robert P. Murphy. We exited the Great Depression despite government intervention and WW2
ruclips.net/video/S6jYIOzm5Mg/видео.htmlsi=JCQNKAVTt_nbYaD5
He needs to read The Forgotten Man by Amity Shlaes.
Tell me someone from Cato Institute is going to talk about the New Deal, and I can tell you exactly what he's gonna say, no need to hear this guy talk. He's gonna say it didn't take us out of New Deal, and if it seemed so it was for all the wrong reasons lmao. I don't have any respect for people who have already decided what they think about stuff based on their ideology. Now you will say you've already decided what this guy says, so that applies to you; well that's the exception, it can work first degree, but not second degree; just like being tolerant of others, unless that other himself is intolerant.
I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.
I’m sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.
Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
He is very Strenuous to follow...
Everything is completely fine. Depression?
If people don’t have wages there is no need for AI or real I or any I.
This one they won't be able to sell abroad, it's going to be internal, crash of epic proportions