Does any of this seem familiar? Pic related.
Does any of this seem familiar? Pic related
Levi Richardson
Leo Mitchell
They were still on a gold standard at that point. We full fiat retard now.
Jordan Cooper
A lot has changed. If the markets look like they are failing the fed just goes into printing overdrive. They will literally not allow a great depression style crash to happen.
Blake Sullivan
I am hedged with physical gold and silver along with all my other assets. Food stocks, water purification, guns and ammo included. You'd be a damned fool not to be.
Justin Perry
Won't that just cause hyperinflation instead? I am retarded with economics so if I'm wrong please explain
Noah Smith
It can still happen in the real economy as the poor get destroyed by inflation but I agree that the markets may not reflect this due to brrrrrrrrrr
Thomas Stewart
Yep and the healthy correction in 1929 was on the exact same date as the current 3/9/2020
John Bailey
Yes, a great depression for the majority who don't have any money invested could happen.
Josiah Price
the difference is that this new money isn't entering circulation, its merely being printed for government and bank debts. the virus has massively reduced public spending so we're holding up.
Anthony Roberts
Guys you are scaring me