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The GREAT DEPRESSION Diaries - PART 1
Does This 90 Year-Old Diary Predict The Next GREAT DEPRESSION?!
CATEGORY: FOOD
August 1931. People are growing their own vegetable gardens for food. Soup kitchens become overrun, there are sometimes 7 mouths for 1 available bowl
Starvation is now common. The Government has been paying farmers to destroy their livestock and produce at a time when our children are starving.  I saw some farmers today pouring gallons of milk into the river Farm animals are slaughtered and disposed of in pits. Cotton and wheat ploughed back into the soil.
While people were starving, the government was trying to boost the prices of our exports I just heard from the butcher that the animals at the zoo have been slaughtered for food, he has some of the meat.
Even though the trees are loaded with fruit, it will go to waste because the fruit cannot be sold. At the same time, thousands are starving
CATEGORY: HOUSING
After a rapid increase in prices, houses that were purchased just two years earlier, now sell at less than half of their value at public auction, there are no buyers in sight. The owners seem shaken. They know they must get a sale or they will lose the house to the bank We’ve seen a mass exodus from the city to farms and rural locations.
The people that got land early, were able to work the land and feed themselves and their families. Many who stayed in the city, waiting for Government relief, starved to death Vacation resorts were hit the hardest. People expected them to recover after a year or two, but many of the hotels still remain empty.
There are empty homes everywhere. Even though families need housing, people simply have no income in order to pay rent The banks seem to own every other house right now, they hold it on their books for better days.
Construction of residential property is down 80% Investors have started to demolish their own real estate to avoid paying the high taxes to the Government
CATEGORY: UNEMPLOYMENT
This entry is from Benjamin Roth: The effects of mass unemployment were not felt straight away. Then all of a sudden the response was rapid, car sales dropped by 25% in 1-month alone. Manufacturers who were over-stocked with large overheads began to lay off even more workers.
People didn't have money to buy food or pay their bills, and businesses couldn't pay their employees, it became a vicious cycle.
We are told today that unemployment is now at 25%. This means that 75% are still working, but very few that I know have a job. It's the same in the next City along.
Wages have crashed down as much as 50% as people are willing to work for whatever they can get these days. Most people now only work on alternative days and the best case I've seen is a 25% cut in wages.
Most people will agree to any working conditions now, just so they can buy food 1931: 75% of the workforce are now on part-time hours.
Well educated people including those with university degrees have been out of work for years now, they will take any job they can find. School teachers have not been paid in months Florida and California hit really hard Armies of unemployed march towards the capital for relief.
The army was constantly called in to dispel protesters and rioters. They use bayonets & teargas and even burned down a shanty town to dispel the people to leave. With nothing to lose, the protestors slept in the streets
November 1933
The NRA plan is failing and employers are laying off staff (The National Recovery Administration)
1938: We’re told that unemployment has gone back to 20% again. The cycle has started all over again
Dance Marathons
The popularity of dance marathons began in 1923. Initially, participants competed in order to break the 27 hour record, but later on people began to compete to win prizes which could range from money to publicity.
Dance marathons were a huge hit during the Great Depression as they provided contestants and spectators food, shelter and the opportunity to earn cash prizes, at a time when many people needed a meal and free entertainment I just heard today that a man collapsed and died on the dance floor after dancing for more than 80 hours straight.
00:00 - Opening 02:15 - Housing 11:09 - Food 15:46 - Unemployment 22:55 - Dance Marathons 25:00 - Conclusion

The GREAT DEPRESSION Diaries - PART 3
Are We Going Into An Even Greater Depression?
In 1938:
Benjamin Roth made this entry into his diary which I found to be most profound on a MACRO level, here it is: *After 8 years of pump-priming and other trick methods of bringing back prosperity, it is my conclusion that none of them are any good. In our capitalistic system we must let the forces of competition as well as demand and supply work things out in a natural way.
No man or group of men is smart enough to control prices or the supply & demand curve*
BUSINESS
Business is dead and even the big department stores are empty. We’re already seeing this now, except this time around, this is a Government led assault against businesses. Small businesses go bankrupt first and very quickly, usually within the first 3 years. The big stores held out for a lot longer because they had more access to lines of credit.
Big companies received government loans but there was nothing for small businesses this is why the small businesses collapsed so easily. The President insists that it’s the right thing to do. He says people cannot be paid so little for their work. The President's plan has ended in disaster. The higher wages resulted in reduced hours and eventually more layoffs
GOLD CONFISCATION
March 1933: Banks have been ordered to turn in all gold March 1933, gold ownership is now illegal, the Government will pay $20.67 per ounce. 100 million US Dollars in gold is returned in the first 2-days over fear of arrest After my gold was confiscation in March of 1933 under Executive Order 6102, it was then revalued from $20.67 per ounce up to $30.00 per ounce, this was theft by any other name.
To add to the injustice, the Government has just devalued the dollar, this has caused a rise in food prices and riots ensue.
The Government threat of shame and punishment was a bluff, no one has been shamed or tried to my knowledge. No action was taken against gold hoarders - very unfair!
GOVERNMENT & MEDIA
1929: The magazines and newspapers are full of articles telling people to buy stocks, real estate and other assets at these runaway prices.
Update Note 1931: Many of the people that took the advice of these newspapers are now bankrupt and lost over 80% of their money. The Government tries to pay off its debt by printing money. Prices sky rocket and violence breaks out because wages don’t keep pace. When the government printed money, prices went up 40 to 100%, but wages remained the same!
The Government fooled us again. I now realise I must understand the mysterious world of the bankers to have any hope for the future... A number of anti-free market policies came about fixing and increasing wages. The minimum wage of $7.50 per week for a department store clerk went up to $14 per week… layoffs were inevitable
1933:
The Government plans are not working: money printing, putting money into the hands of people, buying bank bonds, making business loans with printed money - none of it has worked
POLITICS
History repeating: President Hoover blamed the financial crisis on greedy people buying stocks and thought nothing of people’s spending habits and production going overseas.
November 1932:
Democratic candidate, Franklin D Roosevelt wins presidency offering the New Deal to the people Groups of hundreds of people are trucked into Ohio, Pennsylvania and West Virginia in order to disrupt the memorial day celebration - violent clashes ensue.
No one knows who paid for these people to travel
Oct 1941:
The great effect of President Roosevelt's plan is wearing off rapidly. Despite many of the feelings that it was just a ploy to get votes, we now know for a fact. Radical socialism is the order of the day in March 1934 with demands from the people to the Government for work as well as debt forgiveness!
DISCLAIMER This video is for entertainment purposes ONLY & designed to help your thinking, not direct it. These videos shall NOT be construed as tax, legal or financial advice and may be outdated or inaccurate; all decisions made as a result of viewing are yours alone.

The Great Reset by the World Economic Forum, featuring 'Build Back Better', Event 201 & Global famine in the developing nations...
Chapters:
00:00 - Introduction 02:44 - The Great Reset 05:23 - Build Back Better Compilation 06:39 - Event 201 Explained 13:50 - Famine 21:40 - Conclusion

BANKS/FINANCE
December 1930: the bank of the United States (a private bank with no actual government status) collapses in what was the largest bank failure in US history at the time, freezing some $200 million in depositors funds. Prices are falling rapidly and the dollar buys you a lot more today than it did a couple of years ago, the problem is, there is no money in circulation.
March 1930: Long lines of people can be seen withdrawing their deposits from the bank today, the bank officials look scared, (then a few days later): No bank withdrawals are allowed today, they are doing an audit they tell me. Everything will be back to normal on Monday the manager has just told us all in line. At home, the president is on the radio and tells us not to panic, all is well.
The banks cannot allow withdrawals anymore because the money is no longer there. The banks explain that they lent the money to people for mortgages and businesses which they can no longer collect upon. This is due to homes being in the negative & business at a standstill, there is no hope, how will we ever escape this trap?
Bank holidays are used as a way to stop people withdrawing money.
Entry 1: Without warning, all banks, which are not even connected to one another, restrict withdrawals to 5% of balances! This all occurred on the same day. I’m told this has happened not just here, but across many Cities! It’s hard not to think suspicious thoughts. Entry 2: It has come to light that The 5% withdrawal restriction was passed into law in a secret meeting… I am starting to lose all faith in our Government. But anyone who deposits new money in the bank may withdraw on demand. There was constant restructuring of the banks with broken promises, constantly going back to freezing withdrawals even of the accounts that had recently deposited money! Cash is King, if you have cash you can buy assets like stocks for pennies on the dollar, the problem is that very few people have any cash.
Cash is the only thing that talks these days, no checks or credit are accepted, anywhere. There is no money in circulation anywhere. Scrip is now used in place of money in most major cities since cash is so hard to come by.
July 1933: there is yet again another criminal case against some bankers in the newspaper today. The investigation shows that the officers manipulated the figures in the financial reports and made loans to themselves for speculation without collateral. At the same time, other bankers were promoting and selling their stock just the day before it collapsed, taking vast profits but leaving those who had bought the stock bankrupt as it crashed to being worthless - (according to the report, they sold these worthless stocks to those with very little money to begin with).
More and more banking corruption comes to light on a weekly basis There were breeches in integrity everywhere, lawyers and bank officials were the main culprits. The bank officials were stealing people's money to live luxuriously with their family, while children on their doorstep were starving. What have we become? Have we really fallen so far from God's grace?
March 1930: Our banks are collapsing at an ever-increasing rate, taking the depositors money along with them, 20% of the banks we’re told, have already collapsed
August 1931: The panic starts to set in as the banks closed their doors with depositors money inside.
October 1931: dozens of banks start to combine into larger banks as they consolidate power
DISCLAIMER This video is for entertainment purposes ONLY & designed to help your thinking, not direct it. These videos shall NOT be construed as tax, legal or financial advice and may be outdated or inaccurate; all decisions made as a result of viewing are yours alone.

Economics 101 - "How the Economic Machine Works."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?"
Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
For more from Ray:
Principles | #1 New York Times Bestseller: https://amzn.to/2JMewHb Principles for Success: https://amzn.to/34lgnNJ Connect with him on Facebook: https://www.facebook.com/raydalio Follow him on Twitter: https://www.twitter.com/raydalio Follow him on Linkedin: https://www.linkedin.com/raydalio Follow him on Instagram: https://www.instagram.com/raydalio/ Download his free iOs app: https://principles.app.link/PFS

I believe the world is changing in big ways that haven’t happened before in our lifetimes but have many times in history, so I knew I needed to study past changes to understand what is happening now and help me to anticipate what is likely to happen. 
I shared what I learned in my book, Principles for Dealing with the Changing World Order, and my hope is that this animation gives people an easy way to understand the key ideas from the book in a simple and entertaining way. In the first 18 minutes, you’ll get the gist of what drives the “Big Cycle” of rise and decline of nations through time and where we now are in that cycle. If you give me 20 minutes more to watch the whole thing, and I will show you how the big cycle worked across the last 500 years of history—and what the current world leading power, the United States, needs to do to remain strong.
I hope you find it valuable and look forward to hearing your thoughts. 
Key Sections: 
1:33 - How I Learned to Anticipate the Future by Studying the Past  8:00 - Changing Orders  11:38 - The Big Cycle  18:26 - 500 Years of Big Cycles  18:45 - The Rise 26:16 - The Top  32:01- The Decline  39:39 - The Future