The Great Depression & Today: Comparing the Most Concentrated Markets in History
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 23 February 2024
⏱️ 57 minutes
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Summary
Remember the Nifty 50 in the 1970s? Or the dot com bubble peak? History may not repeat itself, but it sure does rhyme.
Transcript
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| 0:00.0 | Hello, everybody. Chris Martinson here, and today we're going to be talking about finance |
| 0:03.9 | and economics as part of finance you. Remember, anything that you see in this video and all |
| 0:10.2 | resources available at our websites or affiliated websites are not intended as or construed us financial |
| 0:15.8 | advice. This is for educational purposes. Remember, if you have a financial decision, please |
| 0:20.7 | consult a financial |
| 0:21.7 | professional. We are not attorneys. We're not CPAs. We are not financial managers. As well, |
| 0:27.9 | we do our best to be accurate, and everything we represent is as accurate as we know it to be. |
| 0:32.4 | Now, let's turn to our program. We're looking now at things that I never thought I'd see again, where you see |
| 0:38.1 | companies sporting things like price to sales that are in double digits, right? |
| 0:58.9 | Well, hello, everyone, and welcome to this episode of Financial University. |
| 1:01.1 | Wow, things are really beginning to break in the world. |
| 1:10.6 | As you know, if you've been watching my other content, I've been really working on something called The Great Taking, that incredible book by David Roger Webb, but I've been going in deeper and deeper. And very thankful |
| 1:12.7 | to be working with Paul Kiker of Kiker Wealth Management on that. Paul, so good to have you back |
| 1:17.1 | on the program. I want to talk about that. Anything else on your mind? Because there's a lot going on. |
| 1:22.5 | No, it's a pleasure to be back, Chris. Good talking to you. And thank you for doing the work on this great taking. This is important. And you are so good at breaking it down in an understandable manner. So this is going to benefit a lot of people. |
| 1:36.3 | I have lost a few brain cells on this one because some things are a little bit native to my brain. |
| 1:43.2 | Legal stuff is not. I hate it when I have to read a sentence five native to my brain. Legal stuff is not. |
| 1:44.8 | I hate it when I have to read a sentence five times to try and guess what I think it means, because they put these special words in, and then they counteract them, and then they refer to something else, and this modify something they just said. |
| 1:56.8 | And it can take a little while. |
| 1:58.1 | It's not a native language for me. |
| 2:00.1 | I understand why lawyers have a little special thing all carved out because they use really weird ways of thinking and talking. |
| 2:08.8 | That are, I assume at one point they started out with like, these should add greater clarity. This is really unclear language, which I think has become the point. |
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