This Happens Before a Depression Starts

This always happens right before a depression starts. The 1929 Great Depression was preceded by a period of economic boom and a stock market rally known as the Roaring Twenties. But it all came crashing down in 1929, leading to the Great Depression and the 1929 stock market crash. The 1929 stock market crash and the Great Depression was not unexpected. There were numerous economic indicators at the time that we are now seeing today, and this is leading some people to wonder if we'll see an economic depression in 2024. If we do get a great depression in 2024, it would lead to a stock market crash in 2024 also. To understand why we could see a 2024 stock market crash, we need the 1292 stock market crash explained. In order to do that, we need the Great Depression explained, and to save time, we need the Great Depression oversimplified. Once we understand that, we can consider whether or not we'll see a US depression in 2024, or at the very least a recession in 2024 and a corresponding stock market crash in 2024.

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*ABOUT STOCK CURRY*

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*CHAPTERS*

00:00 - How the Great Depression Started
01:22 - Fake Abundance
02:39 - High Inflation
03:06 - How the Federal Reserve Prevents Depressions
04:25 - Fake Economic Growth
05:44 - Broke Consumers
07:48 - How a 2008 Depression was Prevented
08:38 - Stagflation
10:00 - Jamie Dimon's Warning
10:42 - Stock Market Crash 2024
11:31 - Fed Rate Cuts Unlikely
12:32 - Fake Jobs Data
15:51 - Banking Crisis
17:34 - Debt Crisis
19:48 - Kicking the Can Down the Road
21:10 - Stock Market 1929 vs 2024
22:00 - Stock Market Prediction

#recession #depression #greatdepression #economy #useconomy #investing #stockmarket #stocks #invest #investment #investor #stockmarketnews #stockmarketcrash #investors #investments

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Scott Curry is not a financial advisor. Nothing on this channel is to be construed as financial advice. No speech, text, images, or other conveyance of information is a recommendation to buy, sell, or hold any asset. All speech text, images, and other conveyance of information is just Scott Curry's opinions, which may or may not be accurate. Please do your own research before investing in any asset.

[StockCurry]

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[Cestmoi-eybv]

What is the difference between recession and depression.. recession is when your friend loses their job, depression is when you lose your job

[mccoyji]

Correction, government deficit spending is causing inflation.

[chrisbt]

Back in 1929 the dollar was backed by gold...today its shit paper. That's why they keep printing money. In the long run this will be worse then 1929

[moppman]

Spending is going up because we have no choice but to pay higher prices- not because everyone is buying boats and luxury cars. But they don't count food and gas prices - in inflation.

[Mike-tihk]

This just in: "US budget deficit tops $1Trillion halfway through fiscal year". All of this spending is nightmarish.

[zardoz]

I lived through it in former Yugoslavia. I'm here in the US and things look very very bad. This will be epic. Like the collapse of the bronze era.

[rossbabcock]

Thanks for the analysis! I'm 65 and seen this similar scenario a few times now. I lost everything in 08 and I'm hunkering down and protecting what I have left. I don't have a warm fuzzy feeling for the future!

[chinatownimportscom]

In California, there are so many homeless, that it looks worse than the photos of the poor during the Great Depression. Except.... in the 1930s, you could still walk in the parks and open spaces in your cities safely.... not anymore. So, it is much worse now.

[ayoutubewatcher]

The fact of the matter is, you’d be foolish to think all is hunky dory. The Feds should have never bailed out the banks the way they did last year. It was the perfect time to make the economy come to a screeching halt and rip the band aid off. There’s only one way this ends. And the sooner we get it over with the faster we can move on.

[aztecacalendario]

Saw a report yesterday that the US is at a 3.8% unemployment. This is false. Withe the recent layoffs and more to come, we are really at a 8%-10% unemployment rate.

[bemdkrh]

Inflation only reduces debt load if the government stops spending...

[intercityrailpal]

The depression was from bank failures. Plus people need to use cash again. No credit.

[elliotmanson]

In Canada we are in a depression! long food bank line ups, high unemployment rate, No jobs available & high crime.

[MrAceRoth]

The federal reserve did exist during Great Depression and was arguably one of the prime reasons for the crisis getting out of control, due to not ensuring a stable money supply which facilitated the bank runs.

[Vivienedouglass]

Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.

[JohnDaniels]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson

[kevinwilliams]

I would like to make a slight correction to your concept. Consumers ran out of savings in 2008 now they have run out of credit. 98% of the population lives on credit. They are truly screwed.

[Independentlivingchannel]

Inflation will keep going up as they keep printing

[arrowhead]

What people are not factoring in enough is that the market is inflating due to inflation, not good times. Just a symptom of reality.