This is What it Looks Like Right Before a Depression Starts

LIMITED TIME DISCOUNT - 25% Off Heresy Financial University

TIMECODES
0:00 Video Overview
1:17 The Boom and Bust Cycle Theory
5:54 How it Plays Out

Important Links:

Affiliates & Partners:

Socials @HeresyFinancial

I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.

[HeresyFinancial]

LIMITED TIME DISCOUNT for Easter - 25% Off Heresy Financial University

[russboatright]

I had relatives that never got over the Depression, lived modestly, drove old cars, etc. When they passed away in the 60s, everyone was stunned to learn they were sitting on millions.

[Duttonmuffins]

On a brighter note, every recession comes with an equal chance in the fin-mrkt if you're early informed and equipped, I've read folks amass up to 7 figures during these times, and even pull it off easily in a favorable economy. Truthfully, I’d need guide please for a boomer like me to attain such amount for retirement, we definitely need to benefit from this situation somehow.

[notgunnadoit]

Here's what we have:
1. Massive Debt
2. Much higher Inflation
3. Much higher Unemployment
4. Global Conflict
5. Supply Chain Breakdown
6. Public Pension Fund Shortfalls
7. Increased Corporate Bankruptcy
8. Major Banks Going Defunct
9. Record Credit Card Debt and Default
10. Record Auto Loan Debt and Default
11. Record Low Household Savings
12. Record Pay Disparity
13. A Split Country that think the other side is evil
13. Record Long Inverted Yield Curve
14. No Faith in the Federal Reserve
15. Massive Consequences from Record Money Printing (QE)
16. Over a Decade of Artificially Low Interest Rates
17. A Massive FOMO Blow off top in Equities
18. A larger Housing Bubble Making homes unaffordable for most Americans and People who need to move for their job can't because they can't give up a record low 3% 30 yr fixed for a 7 or 8% 30yr fixed.
19. A National Homeless Crisis - Americans living in tents and campers
20. the worst illegal immigrant and border crisis this country has ever faced
21. Americans shooting at our Public Officials
22. A major Obesity Epidemic due to Our Own Medical Establishment and Federal Government Lying about the Food Pyramid - saying Meat is Bad and Plants are good when it's the opposite and the push to force Americans to eat "Poison" Highly Processed Food Stuffs which is just cheap chemical compounds - this is where ALL of humans METABOLIC disease comes from
23. A complete collapse of our education system turning our youth into Communists and Socialists
24. Please let me Know if I've missed anything Important!!!!

[annaj.osorio]

The Fed is undoubtedly responsible for the present catch-up efforts, as they were first too slow to control inflation. The pandemic, supply-chain issues, are all contributing reasons to the impending inflationary perfect storm. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...

[Deloria]

In high school I wrote a paper on the collapse that resulted in the great depression and it has always stuck with me. The huuuge credit and loan rates that were part of the triggers never left me. I have felt pretty isolated in my observations lately so thank you for making this! My only concern today is that A) we are no longer part of the gold standard and B) the federal reserve's printing of money, and interest rate shifting. These factors actually make me worry that this will hit worse than the great depression.
Great vid, thanks!

[beverlylooper]

My family was like that song" someone told us wallstreet fell but we were so poor we couldn't tell "

[siroswaldfortitude]

Where i live, even the Charity shops are closing. My Dad told me 50 years ago, to always keep an eye on those charity shops...they are the canary in the coalmine.

[mrkuizl]

The only difference this time will be all the people making Tik Tok videos while standing in the soup lines.

[Goodieshoes-lbjf]

If ppl. Would put down thier phones and talk to old folks, they would learn much. My great grandma I made come to school as a "live" history project. She talked about life before lights how they lived.
The teacher gave me an A+ and the kids couldnt quit asking questions. 15 min report lastwd 2 hours. She was 102. Idk who liked it more grandma or the kids.

[Accrd]

Grandma went through the great depression as a teen. She told me one year all they got for Christmas was oranges from Florida. She said they never hurt for meat as they lived on a farm. She said each Sunday her mom would go out and kill a chicken to cook for the family after church. She said it was so bad though for others. She lived like she was always in the great depression until the day she died. She put money aside each week into a savings account and then a CD. She literally lived debt free for the last 40 years of her life and kept her cars 20 years before buying the next one cash! I only hope to have our home paid off in the next 3 years!

[kathleenmckeon]

Before the Great Depression---Bankers could gamble with depositors the Great Depression, Glass Steagall Act 1933 enacted, Bankers not able to gamble with depositors money----Glass Steagall Repealed or neutralized 1999 by Bill Clinton, Bankers could gamble with depositors money...Once Depression for US Now.

[thedeafcattledog]

My mother-in-law’s parents were young during the Great Depression. She told me that the price levels fell because there was deflation due to a severe decline in demand from the high unemployment - if you had a job everything was so cheap. You could afford steak every night- IF you only could find a job.

[BitcoinMoonShot]

Homeless camps everywhere are a feature not a bug.

[papapickett]

Finance is fairly simple. My golden rule is: Live your life like money is always short, because eventually, it will be.

[sandienochs]

In the late 1920s everyone had to have a radio, on credit. Now everyone has to have everything, on credit.

[stardust]

I’ve been living in the US since 2016. These are the videos I see every year. “2016=2008”, “2017=1929”, “2018=2008”, “2019=1929”… well you get the idea

[fsm]

In the old days you saved for anything you wanted to purchase, the credit system was called Layaway pay then pick up prior 82

[nuzvbqn]

Finally. Someone explained this in a way I completely understand. It sheds new light on all the conversations I've heard. Thank you!!

[martymcyourflysdown]

“The DEPRESSION IS STARTING!”

*Stocks up on anti-depressants*