great depression Archive

  • No. Value investing has been a recipe for wild swings. If you do not have the stomach for long-term then it is not something to get involved in. It should also be noted that it resulted in bankruptcy pre-World War II for it could not cope with the Great Depression.

    Value Investing – Good or Bad?

    No. Value investing has been a recipe for wild swings. If you do not have the stomach for long-term then it is not something to get involved in. It should also be noted that it resulted in bankruptcy pre-World War II for it could not cope with the Great Depression.

    Continue Reading...

  • A real bubble is when you suck in everyone who has no business investing in the stock market. We are nowhere near a bubble despite the current correction process. There is no risk of a 80-90% decline as was the case following 1929. Many losers obviously didn’t come forward publicly during the Great Depression, but one such loser did.

    Why the US Stock Market is NOT a Bubble

    A real bubble is when you suck in everyone who has no business investing in the stock market. We are nowhere near a bubble despite the current correction process. There is no risk of a 80-90% decline as was the case following 1929. Many losers obviously didn’t come forward publicly during the Great Depression, but one such loser did.

    Continue Reading...

  • Nevertheless, the Wörgl Experiment resulted in a growth in employment largely because they had to use the money. This allowed the local government projects to all be completed, which many called a miracle, for it appeared to defy the depression in the rest of the country.

    Alternative Currencies of the Great Depression

    Nevertheless, the Wörgl Experiment resulted in a growth in employment largely because they had to use the money. This allowed the local government projects to all be completed, which many called a miracle, for it appeared to defy the depression in the rest of the country.

    Continue Reading...

  • And it is now dawning on everyone the impending economic slowdown you have been warning us of is on the horizon. But you were warning us back when Dow was 18000 and it was blue sky above. Truly amazing.

    Thank You – The Future

    And it is now dawning on everyone the impending economic slowdown you have been warning us of is on the horizon. But you were warning us back when Dow was 18000 and it was blue sky above. Truly amazing.

    Continue Reading...

  • The stock market or monetary issues do not create depressions. You have to destroy the bond market for that is where capital resides typically at least 10:1. Once you take out the bond market, that deleverages to the real estate market and now you have undermined not just the investors, but you wipe out the savings of the population as a whole. People just begin to walk away from property as taxes rise. This is how Rome collapsed; the city of Rome fell from its peak of about 1 million inhabitants to just 15,000, and in the process, real estate became worthless.

    The Risk of Real Estate – Forget Derivative & Fiat

    The stock market or monetary issues do not create depressions. You have to destroy the bond market for that is where capital resides typically at least 10:1. Once you take out the bond market, that deleverages to the real estate market and now you have undermined not just the investors, but you wipe out the savings of the population as a whole. People just begin to walk away from property as taxes rise. This is how Rome collapsed; the city of Rome fell from its peak of about 1 million inhabitants to just 15,000, and in the process, real estate became worthless.

    Continue Reading...

  • Why people even buy government debt is unexplained, for lawyers take control of government and pass laws that elevate government to “quality status” when in fact it is unsecured and has typically resulted in the total destruction of capital formation. When the core economy is involved, such as Rome, the resulting episode is typically a Dark Age.

    Greece 2017 – Sovereign Debt Cycle

    Why people even buy government debt is unexplained, for lawyers take control of government and pass laws that elevate government to “quality status” when in fact it is unsecured and has typically resulted in the total destruction of capital formation. When the core economy is involved, such as Rome, the resulting episode is typically a Dark Age.

    Continue Reading...

  • Still, these new rounds of monetary stimulus don’t appear to be doing the trick.  The Keynesian miracle cure has been a spectacular dud thus far.  All that modern day disciples of Keynes can do is scratch their heads and say “more should have been done.”  They never allude to how many more trillions of paper dollars should have been created or spent; just call it the excuse that keeps on giving.

    Why Listen To Keynes In The First Place?

    Still, these new rounds of monetary stimulus don’t appear to be doing the trick. The Keynesian miracle cure has been a spectacular dud thus far. All that modern day disciples of Keynes can do is scratch their heads and say “more should have been done.” They never allude to how many more trillions of paper dollars should have been created or spent; just call it the excuse that keeps on giving.

    Continue Reading...

  • Given the insane levels of debt, rampant inequality,  currency debasement, failure to punish financial fraud, letting the private banks take over the system of credit creation, de-linking of fiat money from anything real, growth of the too big to fails, repeal of Glass-Steagall, refusal to rein in derivatives, sovereigns taking on banks’ debt, crony capitalism, endless war, and other shenanigans … our financial crisis was entirely foreseeable.

    The Financial Crisis Was Foreseeable … Thousands of Years Ago

    Given the insane levels of debt, rampant inequality, currency debasement, failure to punish financial fraud, letting the private banks take over the system of credit creation, de-linking of fiat money from anything real, growth of the too big to fails, repeal of Glass-Steagall, refusal to rein in derivatives, sovereigns taking on banks’ debt, crony capitalism, endless war, and other shenanigans … our financial crisis was entirely foreseeable.

    Continue Reading...

  • The only mania and madness of the people was in trusting the words of demagogues and conmen, and their associated supporters and enablers. And even today people continue to mouth their false slogans and fatal prescriptions. The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustained growth and recovery.

    Lords of Finance: The Bankers Who Broke the World

    The only mania and madness of the people was in trusting the words of demagogues and conmen, and their associated supporters and enablers. And even today people continue to mouth their false slogans and fatal prescriptions. The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustained growth and recovery.

    Continue Reading...

  • A documentary exploring the causes of the 1929 Wall Street Crash. Over six terrifying, desperate days in October 1929.

    1929 – The Great Wall Street Crash & Depression

    A documentary exploring the causes of the 1929 Wall Street Crash. Over six terrifying, desperate days in October 1929.

    Continue Reading...