2015 Global Economy Will Decline as Indicators Reveal REPEAT of GREAT DEPRESSION!
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Comments
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16,000
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ha-ha, the world economy would have to go poof in the next 4 months
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Where can i get more information on the latest economic news can you make more videos or do you have a website. Thank you orlando florida.
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Thank you for the true info.
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Banks closed, markets crashing, it has begun!
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Throughout the 1920’s, new industries and new methods of production led to prosperity in America. America was able to use its great supply of raw materials to produce steel, chemicals, glass, and machinery that became the foundation of an enormous boom in consumer goods (Samuelson, 2). Many US citizens invested on the stock market, speculating to make a quick profit. This great prosperity ended in October 1929. People began to fear that the boom was going to end, the stock market crashed, the economy collapsed and the United States entered a long depression.
The Great Depression of the thirties remains the most important economic event in American history. It caused enormous hardship for tens of millions of people and the failure of a large fraction of the nation’s banks, businesses, and farms. The stock market crash in October 1929 is believed to be the immediate cause of the Great Depression, but there were many other factors and long-term causes that developed in the years prior to the depression.
The 1920’s may have been prosperous for some Americans, but the growing prosperity was actually weakening the economy. Many US citizens were never participating in the boom from the start. There were some wealthy individuals, but 60% of people were living below the poverty line. The coal mining industry had expanded greatly, creating many jobs, but with the introduction of oil and gas, the production of coal was decreased along with the amount of jobs. The United Mine Workers Union’s membership fell from 500,000 in 1920 to 75,000 in 1928 (Temin, 33). The cotton industry experienced similar unemployment problems. In the agricultural industry, an increase in production was met with a decrease in demand, so farmers also became unemployed. The American farms and factories produced large amounts of goods and products during the prosperity before the Depression.
On average, people’s wages stayed the same even as prices for these goods soared. The factories and farms still continued to produce at the same rate, but demand for their products was decreasing. As a result, more and more workers became unemployed, until 25% of the population was out of work. The American Federation of Labor fell from 5.1 million in 1920 to 3.4 million in 1929 (Temin, 68). All of these groups, being poorer than the rest of the country, could not afford to participate in the boom of the 1920’s. There was a major unequal distribution of income that led to the richest 1% of Americans owning approximately 40% of the country’s wealth (Matthews, 2). The country entered the 1920’s with Warren G. Harding as president. Harding was a Republican as well as a laissez-faire capitalist who advocated policies which reduced taxes and regulation, allowed monopolies to form, and allowed the inequality of wealth and income to reach record levels (Tanner, 3). Harding died in 1923 and Calvin Coolidge continued Harding’s policies of minimal government intervention in the economy and in business. Under Coolidge, the stock market began its “artificial” five year rise, the top tax rate was lowered to 25%, and the Supreme Court made an important ruling which further limited government control over monopolies (Tanner, 8).
In the 1920’s more people invested in the stock market than ever before. Between May 1928 and September 1929, the average prices of stocks rose 40 percent. Stock prices rose so quickly that at the end of the decade, some people became rich overnight by buying and selling stocks (Matthews, 3). People could buy stocks for only a 10% down payment. Between 1920 and 1929 the number of shareowners rose from 4 million to 20 million (Temin, 45). With artificially low interest rates and a booming economy, people and companies invested in over-priced stocks. During 1928 and 1929, the prices of many stocks went up faster than the value of the companies the stocks represented. “It was like pouring gasoline onto a fire-the flames rose up, no lasting fuel was added, but the economy sure looked great” (Matthews, 3).
Buying on credit was huge problem in the 1920’s. Since the 20’s was a period of great economic boom, not many people took the future into consideration. Many people bought expensive luxury items using money they did not have. Installment buying allowed people to make a monthly, weekly, or yearly payment on an item that they wanted or needed. Buying on credit and installment buying left millions of people in debt. Installment buying allowed lenders to repossess an item if the borrower missed just one payment. People may have stopped making new purchases to reduce the risk of losing things they already had bought on credit. There was a big drop in consumer spending, which lowered prices, which meant that farmers, businesses, and nations could not repay their debts.
Rising debt led to restrictions on new loans, which led to scarce credit, less borrowing, lower prices, more bankruptcies, and so on (Samuelson, 1). The spiral downward of trade, investment, people’s confidence, and the economy began. Many economists agree that the Great Depression began with the Stock Market Crash in October of 1929. Stock values plummeted, stockholders were wiped out, banks and factories shut down, and millions of Americans were left jobless and penniless. Although the Stock Market Crash in October of 1929 certainly began the Great Depression, there were many events that led to the gradual decline of the economy. During the prosperous 1920’s, bank failures, together with low incomes among farmers and factory workers, helped set the stage for the depression. Uneven distribution of income among workers also contributed to the slump.
The 1920’s were a prosperous period for business, but most farmers did not prosper. Prices of farm product fell about 40 % in 1920 and 1921, and they remained low through the 1920’s (Tanner, 3). Some farmers lost so much money they could not pay the mortgage on their farm and were forced to rent their land or move. Bank failures in the agricultural areas became more frequent. About 550 banks went out of business from July 1, 1928 to June 30, 1929, the period of greatest prosperity in the 1920’s (Temin, 58). Workers in the coal, railroad, and textile industry did not share in the prosperity either. Industrial production increased 50 %, but workers could not buy goods as fast as the industry produced them because their wages were low. Workers reduced their spending to hold down their debts, the amount of money in circulation decreased, and business became even worse. The Stock Market Crash was an immediate cause of the Great Depression, but there were many long-term causes that gradually weakened the economy.
They are doing what they did in the 20s you don't need indicators you just need to know history -
people that believe this s#1t don't deserve to have a job
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QE will only work when used to fix broken parts of the system which is exactly the opposite of what they are doing right. All you can trully do as a citizen right now is get ready for the inevitable bec people can lie to you but the charts dont lie
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The economy is great 2015 will be a great year for many, I hope we all cash in and become rich.
By the way I will try to suck my own dick and finger fuck my ass -
Revelations 13: 16-18 and no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
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More rubbish
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THE STOCK MARKET IS NO INDICATOR OF "TRUE WEALTH" - ONLY EARNINGS FOR CORPORATE VULTURES !
While the international corporations wallow in profits, their workers are feeling the pain of unemployment, low wages, and rising prices for just about everything. THIS IS UNSUSTAINABLE ! The world economy is based on "consumerism". When the consumers can't (or won't) continue to consume, the whole system collapses. THIS IS ALREADY HAPPENING !
CONSIDER - 110 million Americans on government assistance - fully 1/3 of the population. ALAS, BABYLON........ -
the latest Medical Marijuana/Legalization movement happening around the world now, is the red flag dudes ,, tho it is something that the world needs, the side-effect of it tho, will inject tons of capital 'billions" into the market, extremely fast & will probably cause the biggest crash that the world has ever experienced.. isnt paying a high price for something good & in so much demand, a common pattern in the market ? .. yep you better believe it .. because only the smart money can dictate the outcome..
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I can't find a fastfood job to save my life... When will the economy crash?
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Your title......that's same same they've been saying for 8 years.
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complacency is rife, many "new" investors have forgotten about what capital preservation is all about, nobody ever went broke taking profits... retails poured record levels of fresh $ into ETFs in NOV/DEC... same old story, get mom and pop in at/near the top, and then the rug gets pulled.
Volatility is back to stay. -
Instead of reading from fringe lunatic conspiracy sites and stealing their bogus information to prey off your viewers, why don't you actually study economics and say something at least somewhat intellectual. Or is that too difficult for you?
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I think it's a pretty strong statement to make that "the IMF is there to loot the countries." I'd like to hear any factual evidence you have regarding this statement.
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There was NO 'invasion' of Crimea, Russia already had troops there! A treaty signed between Russia and Ukraine in1997 allowed Russia to have up to 25,000 troops in Crimea to protect their Black Sea naval base.
The majority population in Crimea speaks Russian, identifies with Russia and was formally a part of Russia until the region was transferred to Ukraine as a largely administrative measure in 1954 when Ukraine and Russia were full republics united in one country.
The Crimea referendum was observed by 135 international observers from 23 different countries, none of the 135 international observers registered any violations. The EODE observer mission concluded that the referendum was conducted freely and fairly.
80% of the people in Crimea actually turned out to vote, and 95% of those votes cast were in favour of joining Russia.
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Japan in the 80's had the highest personal and corporate savings on the planet - when they lowered their interest rates it caused stock and real estate prices to decline for 17 years. America should have learned from that - let the pain come and clean out the house the healthy way to plant a foundation for a real and sustained contraction of services and goods.
Now the USA fed is so strung out on printing money - they are craving a fix, so look out for QE 4, 5, 6, 7, 8, 9 .10, 11, 12 ,13 ,14, 15, 16, 17, 18 - 1,0000
12m 9sLenght
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