Quote Originally Posted by Vuk View Post
The media used panic to create the Great Depression, and they have been doing the samething over again...
From what I read, while it is usually said that one has to be clever to make money with shares etc., it seems that most shareholders are about as stupid as most voters(see other thread for reference). there was even a billionaire or at least very rich man on Tv who was very old and made a lot of money during all depressions, he claimed he mostly does the exact opposite of all the other shareholders, oh and the also said many of them are simply idiots.

Well, it's easy, people hear there will be a crysis because everybody will sell their shares

-> people/let's call them everybody, sells their shares because everybody will sell their shares and prices will drop

-> people wonder why we have a great depression and some even complain about all the other stupid shareholders who caused this depression by selling their shares, while they tell their broker on the phone to sell more shares most likely.

It's like, imagine it's war and nobody goes there.
Same thing, imagine it's a depression and nobody sells his shares/stops giving credit.

Of course there would still be the problem of mortgages that can't be paid off, but those existed four years ago already and we didn't have a depression just because nobody knew it.