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Is History Repeating Itself? The Direction of Politicians and the Impending Great Depression with Peter St Onge

**Title: The United States’ Economic Crises: How Government Policies Worsen the Situation**
**Video Link: [https://www.youtube.com/watch?v=VIDEO_ID](https://www.youtube.com/watch?v=VIDEO_ID)**

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In this thought-provoking video, Peter St Onge delves into the United States’ economic crises and the detrimental role played by government policies. Drawing parallels with the severe economic downturn of the 1930s, Peter highlights the alarming lack of lessons learned by politicians. He cautions against potential risks posed by politicians like Elizabeth Warren advocating for similar policies that could disrupt the productive economy and trigger major crises.

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Throughout history, the United States has faced various economic challenges, but few compare to the unprecedented crisis experienced in the 1930s. However, as Peter asserts, it seems that governments have failed to internalize the mistakes of the past. With a fascinating historical perspective, he sheds light on the catastrophic consequences of ill-advised government interventions during that time.

As governments intervened during the 1930s, the situation worsened significantly. Industrial production dropped by an alarming 50%, unemployment skyrocketed to 25%, and the stock market experienced a severe decline of 90%. Contrary to popular belief, the government’s involvement exacerbated the crisis instead of resolving it. Tragically, even Wall Street witnessed stockbrokers resorting to desperate measures, perpetuating further damage.

To truly understand the events leading up to the 1930s crisis, one must trace it back to the stock market crash of 1929, triggered by interest rate hikes. While some may find this scenario reminiscent of current times, it’s essential to recognize the critical distinctions. In the aftermath of the 1920 depression, the government wisely refrained from interfering, leading to a swift recovery. However, in 1929, Herbert Hoover assumed the presidency, and his interventionist approach to tackling the crisis proved disastrous.

Hoover’s increased spending on relief and infrastructure, along with tariff hikes and stringent regulations, only worsened the situation. Conversely, Franklin D. Roosevelt, who succeeded Hoover, initially pledged a different approach but ultimately followed his predecessor’s footsteps, expanding government control and interfering with businesses. The so-called New Deal turned out to be a reflection of the Soviet Union’s economic failures, prolonging the depression until the onset of World War II.

Now, with the U.S. facing potential major crises once again, it is crucial to examine how government policies can break the productive economy. Alarmingly, politicians like Elizabeth Warren are advocating for an agenda reminiscent of Hoover and FDR. As Peter warns, if this approach gains momentum, it may be time for individuals to consider alternative measures to protect their wealth and financial well-being.

Join Peter St Onge’s insightful discussion on the United States’ economic crises and the perilous course set by government policies. Gain valuable insights that will help you navigate the complexities of the current economic landscape. Don’t miss this thought-provoking video – hit that play button now!

**Timestamps:**
– 00:00 Intro
– 01:23 The 1930s: The Worst Economic Crisis in a Century
– 03:45 Lessons from History: Government Intervention Gone Wrong
– 07:12 The Prelude to Crisis: The Stock Market Crash of 1929
– 10:18 Herbert Hoover: Misguided Government Intervention
– 13:36 The Illusion of Change: Franklin D. Roosevelt’s New Deal
– 17:02 Government’s Inefficiencies and the Lingering Depression
– 19:45 The Risks of Elizabeth Warren’s Agenda and the Present Administration
– 23:10 Conclusion

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**DISCLAIMER:**
Please note that the content provided in this video is for entertainment purposes only. Peter St Onge is not a professional financial adviser and does not offer financial advice. It is always recommended to consult your own investment and tax experts for personalized financial guidance.

**Keywords/Tags**: silver, gold, silversqueeze, precious metals, Reddit, Miner, housing crash, housing crash 2021, bitcoin, real estate investing, mortgage rates, housing bubble, housing market 2021, deflation, mortgage forbearance, mortgage interest rates, wall street silver, silver raid, LBMA, interest rates, Federal Reserve, Fed, Central Banks, Comex, wallstreetsilver, inflation, hyperinflation, CBDCs, bailouts.

**Sources:**
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In this video, Peter discusses the United States’ economic crises and how government policies have played a role in worsening the situation. Peter explains how the 1930s were the worst economic crisis in the past century and how politicians have learned nothing from it. Peter also warns about the potential risks of politicians like Elizabeth Warren pushing for similar policies that could break the productive economy and lead to major crises.

Peter St Onge from @Profstonge has granted us permission to upload this video for our audience.
Peter’s Twitter: https://twitter.com/profstonge?s=20

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Instagram – https://www.instagram.com/wallstreetsilver/
Telegram – https://t.me/s/WallStreetSilver
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DISCLAIMERS/TERMS/RULES:
► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.

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27 Comments

  1. Peter Schiff said that in the Great Depression even if you lost your job, your dollar went up in purchasing power, and bought more. This time around, it's going to be a Great Depression with hyperinflation, you didn't think the elites bought all those underground bunkers cough (in New Zealand) for nothing did you?

  2. I disagree with you. Throwing Wall Street executives out the window of a tall skyscraper is a good idea. Especially ones that manipulate everything and change the rules so only they get the money and us regular people are left with debt and more debt. Donโ€™t forget high inflation so what money you do make is taxed both by the government and inflation ( inflation is a hidden tax). Can also add the lawyers that complete our lives and sue people for everything and anything. Fun fact, 93% of the lawsuits filed on planet earth are filed in the United States.

  3. "…Politicians leading us…" How about, we are allowing the regime to destroy us? REALITY CHECK – LOOK IN THE MIRROR TO UNDERSTAND WHO IS TO BLAME. Big talking american, freedom, constitution, patriot babble. Fix it with the tools made available by the founding fathers. And the voting tool doesn't work anymore.

  4. Letโ€™s stop kidding ourselves
    Politicians,all of them, are all mere puppets in this mess
    Itโ€™s the central planners aka the central bankers that are behind all of this carnage.
    Itโ€™s them that control everything including everyone of โ€œourโ€representativesโ€ on both the right and the left sides of the aisle.
    Itโ€™s time to cut off the head of the snake, the central banks, and everything and everyone else will fall into place.
    Itโ€™s time to bring back a honest monetary system
    One backed by something physical wether it be Gold and Silver or any other limited commodity.

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