| Time | Text |
|---|---|
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1929 Market Crash Comparison
00:04:35
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| So we saw the the the chart on a previous show and this is something that comes from the Wall Street Journal and in the financial world. | |
| So I want you to take a look at this. | |
| This is we cut this out of a show from a couple days ago This is July 2nd It starts out July 2nd is where the chart you can't have the whole lifetime So you have July 2nd from 2012 and that would be today is on the red line. | |
| All right. | |
| So you have colored television. | |
| I hope this is the current Dow Jones in red on this chart. | |
| The black is 1928 through 1929 on this chart. | |
| Look at, look at these. | |
| Look at these charts. | |
| Go up, look at it. | |
| Look at it. | |
| Wow, look at it. | |
| Look at it. | |
| Look at here. | |
| You think they were doing a water ballet. | |
| Yeah, you know, this one here just dips down and up going. | |
| Let's keep going up. | |
| Look at there. | |
| The stock market kept going higher and higher in 1929 until you see this peak up here and then it come down and then it went up and then the crash came. | |
| This is this is what has been happening for the last two years and laying it over 1929, crash it's. | |
| These are. | |
| This is year 28 and 29, and I love what you said earlier. | |
| How, back in the Great Depression that the black line, they experienced one more small increase in the market before the huge crash. | |
| Okay, and that's where we are right. | |
| This is what I want to say now. | |
| How many dollars did we lose? | |
| Three trillion. | |
| That was right here. | |
| People, are you seeing that? | |
| Yes, you see, you see. | |
| You see this. | |
| This red right here. | |
| This is a drop. | |
| That was just ten days ago, wasn't it? | |
| Or so, two weeks ago, about 10 days ago yeah, when we're taping the show, it was 10 days ago. | |
| A couple weeks ago, that market crashed. | |
| How many months, how many dollars? | |
| Three trillion dollars, three trillion dollars was lost from there to there there, right? | |
| Okay. | |
| So what has happened since then? | |
| The market has started going up again in the United States. | |
| Right, it's regained some of that crashed territory there. | |
| What happened here in 1929? | |
| It had the same kind of fall. | |
| Almost the top is almost the same. | |
| Look at how it hits here, look at, look at those two tops. | |
| And so it dropped in 1929 and it went back up for a few weeks. | |
| This is what's. | |
| This is where we are. | |
| We are right there in 1929's chart right, if this is true and it may not be, who knows? | |
| Figures can change life, can you? | |
| But so far it's followed that pattern. | |
| But i'm just saying it is so spooky. | |
| And this is what. | |
| What did they say? | |
| There's a headline there, scary parallel, that was in the magazine. | |
| Okay, let's look at the dates here, folks. | |
| Okay, this line right here, I believe April 2nd is probably this line all the way over to here. | |
| So over in here, we're near March. | |
| Right. | |
| I would say right in here. | |
| So we're dating this time. | |
| This would be January 1st. | |
| Yes. | |
| This line. | |
| Because this is the end. | |
| This is the end of the year. | |
| This would be where the year ends. | |
| So here we are between January and April. | |
|
If The Crash Comes
00:01:07
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|
| Okay? | |
| So we are already here in the middle of it. | |
| So where do you think this would be if you're just sort of guessing? | |
| Well, the dip would be early February. | |
| All I know is if this is an indicator, something big is going to happen. | |
| If this is true and the crash, a huge crash comes, well, I have a headline from the other day warning, this is from Money News, stocks will collapse by 50% in 2014. | |
| That's right. | |
| So that's a headline which we use on this program a lot. | |
| But here's the thing: if the crash comes there, are you ready for it? | |
| Right. | |
| If it comes in a few weeks, if it comes in a few months, if that is any indication, if this thing is an indicator, and I'm not saying it is. | |