Note how there were mini crashes and mini bail outs until the faith in the bail outs went to nil.  That is when the real crash occurred in October of 1929.  With the central government of the USA doing the bailing it may only take longer.  In fact its probably occurring with just the stock market artificially inflated by Ben Bernanke on the behalf of President Obama.  Obama appears to be of the cargo cult religion that says if we merely keep prices up the economy will be healthy.

 

   

A good chaser to the preceding video is Milton Friedman's explanation on the causes of the great depression.

Categories: EconomicsHistoryVideo

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