Comments by "RiteMo LawBks" (@ritemolawbks8012) on "TradingCoachUK" channel.

It was a normal market correction and recession that a single central bank in Washington, D.C., could have intervened in, and stopped from become a global depression that destabilized world trade. I know people argue about the causes of the Second World War and link it to the Treaty of Versailles, but the Great Depression made it nearly inevitable.
2
It was a market correction and normal recession. The U.S. Federal Reserve did essentially nothing and made a recession into a depression, with debt and deflation. It wouldn't have made a different in how many government spending and infrastructure projects in the New Deal to stimulate the US economy, we just didn't understand monetary theory and how to stop a financial crisis.
1
@falconindia9384 Deflation is the worse than out of control inflation and stagflation (Only hyperinflation is worst). Deflation is what was happening in Japan during the last two decades. It stops employers from hiring and consumers from purchases until wages/prices plateau. Along with an economic recession, GDP contraction, employment, and debt is how to distinguish a nation recession from depression. The Fed has some private ownership and interests, but like the central banks in all countries, the government over rule private bankers on monetary issues. The head of the Fed during the Great Recession studying the Great Depression as an economist, and he's the one credited from stopping the recession after the US Housing Crisis from becoming a depression.
1
That's still has nothing to do with economics or history. That's more of the psychotic anti-Semitism that split the world into extremes of Fascism and Communism. You can't make an argument to end fiat currency when doing so unilaterally would return the US to the standard of living of 1913 and collapse most of the world's economy. You should effectively manage the system we have not cause another depression and world war by ruining the global economy, and sending all US wealth and assets overseas and have us living in the streets.
1
That's like buying a home for a million dollars, and then it loses value and becomes worth only $10,000. Where did the $990,000 go? If the seller had 100% equity, which is rare, the whole $1M went to the seller, and depending on where they held the money they could have gained or loss value from the transaction.
1
@jaymeese7714 If you look at the diversified asset values, in the long term, they tend increase. The Great Recession (~2007-2009) and Great Depression (1929-1932 + 1934-1937) were on a totally different scale compared to the dot-com bubble burst of 2001. The Covid-19 market interruptions were artificial, and quickly rebounded when shut downs ended, which is why we have high economic growth with higher levels of inflation. The safest alternative to stocks are to invest in government bonds and sovereign debt.
1