Charles Payne draws 'eerie' comparison to today and 1920s
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- Опубліковано 20 січ 2024
- 'Making Money' host Charles Payne discusses the similarities between today's stock market and the 1920s. #foxbusiness
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❤️ We love our Charles Payne. ❤️
In 1920 we had a Gold standard and no 33T in debt
The trillion dollar question.
What was the US debt
A century ago ?
Good question! I personally don't know.
I believe the debt was 17 billion in 1920 and that would be 275,909,100,529 today. Wish it was that low@@carlostuggle6515
Thats because the federal reserve was just getting started, look how bad theyve devalued the dollar over the last 100 years by making money and pretty much causing hyperinflation.
@@davidbedwell4306
Corporate greed creates inflation
this guy has it going on. Class, clothes, humility, and the ability to reach the general populace.
Shame he works for the democrat lead media channel fox news, seriously why does fox news support biden sooooo much and work so hard to hurt conservatives?
Charles Payne is absolutely right! I am a baby boomer who grew up in NYC during the Mad Men era of the 1960s and in school we learned about what the American economy was like then. For us the 1960s was an extension of the 1920s.
Hit the nail on the head! Way to go Charles!
Charles is the best !!!
Great historical analysis Mr. Payne
yes wasn't the time of AL Capone. ran wild, for a while.
Typical Faux fables analysis.
Now if only Faux could bring themselves to report the economic similarities of a post covid planet to a post Spanish flu global economy they would be doing their veiwers a a true public service.
Love your work Charles 👍
Whenever I see a video like this I'm reminded of what my 92 year Grandmother told me "The future is like the past except when it isn't".
The Chief Business of America is business. ~ Calvin Coolidge
Socialism was also embedding itself in America in early 1930’s that hampered our initial response to aid our allies in WW2. Sure seems like Socialism is getting mighty comfortable here right now.
Do you even know what you're arguing? How many workers are owning the means of production?
Well done, and if you want to understand, or begin to understand, what is happening in DC now, and no, the comparisons are not exact, but the themes and tides of history are the same, read Babylon Berlin. The TV series is outstanding, that's easier to do and still see how things are shaped and how many ways things can turn differently, but the books are best, at least to immerse yourself into so you can feel then and now and decide your choice.
Let the good times roll is a Louisiana Cajun expression.
I can remember 3 of my first home telephone numbers and both grandparents numbers...all from party line days.
It was after the 1st World War, not the 2nd. The 2nd World War started in the 1930s
The war on terror didn’t start in the 2020s.
Nor did WWI start in the 1920s. I believe he was inferring they came in the beginning start of their respective centuries and predated their 20's (WWI before 1920s & War on Terror b4 the 2020s.) Both times (1920s and current day) were post major war societies.
Thank you Mr. Charles 😊
Soooooo what's your conclusion, Charles!?
Fun to listen... But context is so different...
Days are numbered
Thanks Charlie your tops
Charles you are a gem , 4:17
Charles is always spot on!
What happens when our country had a very high debt to GDP? A major war occurred - American Revolution, Civil War, WWI and WWII. Right now, it is 2nd highest in our history.
no Internet, no fed, no fdic,
CP is the best.
I love Charles. He often has great insight and provides sharp analysis. This was a fail. There’s more holes in these historical analogies than in your average marine sponge, whether or not it’s square and yellow.
And it's ain't getting better.
I think he chose the wrong model. He is on the right track. It is more like the us and the fall of rome. Very eerily the same.
Charles, as a white man as I am, and as a racist too many would say I am, because I'm white, you are the best of a person our county could have..Love you
Meanwhile 3.7% unemployment, record US oil production, 14M new jobs and a record stock market.
Why are we all broke and can't afford food or loans? It's a great economy for rich peeps...
@@michellem.8443I’m not broke.
Life is great for me!
Record US oil production? Where are you 2018?
Imagine believing the jobs numbers when the vast majority of Americans think the economy is terrible - bad
@@erickanter4090 3.7% unemployment is essentially full employment. Enjoy the ride and stop whining.
Prosperity is around the corner - Hoover . 1928 . 👏👏👏👏👋 .
I like Charles
lol yeah except today there’s trillions of dollars of liquidity both in the stock market and on the sidelines and companies are producing hundreds of billions of dollars in revenue with great balance sheets, and we’re not even in a period such as the “roaring twenties” economically we’ve already gone through a decade of inflation, into hyper inflation, and now deflation and some would argue have been in a recession for a while. 100 years makes a world of difference
0:45 / 4:16
Hey, Charles Payne, we look forward to your presence. Do not step one pace back. We are paying attention.
Charles for president!
the sky is falling the sky is falling
I draw the comparison to 1979 and 1980.
20 was industrial age that collapse economy because people lost their job's and oppressed by greedy corporations who replaced most handmade goods with machines.
You never had it better than you do today
I could be but 1929 it took 25 years for the country to come back right look around our country is falling apart
War on terror? When was this!?
In 1920's, there was no income tax, and we had no debt to speak of. Today, we are Rome before it burnt.
God Bless you Charles, but this segment was a hot mess lol
Great economic analysis we should just be more poor uhh your fired
is there still a war on terror? hmm i thought that was over.
The Lead Up.
We are rapidly approaching the collapse of the Dollar...better to buy now people then to be caught flat footed. That 300k house will never cost you more once you sign the papers...but that 50k in the bank you saved can very quickly become worthless due to reckless government debt.
Charles missed the most obvious comparible - the date itself. The numbers. He could learn a lot more by starting there and looking with an open mind. He might figure something out. Like an actual theory.
2020s will be americas fair well party.
No one has a land line now, so no need to memorize it .
I know my land line number. I have no clue what my TracFone number is because I only use a cellphone for emergencies, and it is almost always turned off.
My next secretary of the treasury. Please.
$12 shoes? Where?
Walmart and Target
In 1921. That’s also when the hearing aid and add meds were developed.
He's spending this to help the democrats.
The 4th turning. Look it up people
Fourth Turning
War on terror started in 2001
john dos passos
DRS GME
You went from WW1 to WW2 and then back again??
SORRY PROPAGANDA
The Flu pandemic in early 1900’s was in 1917!
And we had a racist democrat president in the early 1920's. Almost exactly like today.
trump, trump, trump 2024
2029 Great Depression deja-vu?
i hope not we need it to happen in the coming months to 1 1/2 years before 2026 look around housing bubble stock bubble no real recession for 15 years the m2 money supply contracted for the 1st time in 2022 since 1932
@@brianoleson9224
Exploding collapse in 5 years… 💀
2020 War On Terror ?
And democrats are still against the American citizens
One factor that he fails to mention was the Great Migration during WW1.
That was when individuals like the president of Sears Roebuck, julius Rosenthal, in chicago went down south and handed out 60,000 train tickets to bring workers up to chicago to fill the jobs, many to work the production lines of Sears prefabricated homes demand, that were originally filled by the men fighting in the trenches in Europe.
When the Americans that finally survived the spanish flu, the poison gases, the disease, the artillery, machine guns, and the hell in the trenches returned home to chicago and many other cities, their jobs were filled by the so called Great Migration brought up from the south.
Of course, your history books or education. system are not going to mention this.
Wait until you see what happens to our economy after the 12 millions plus illegals fill millions of jobs previously filled by United States citizens, especially in the municipal union jobs in all of these sanctuary cities like chicago, denver, Philadelphia, Los Angelas, and New York, etc.
This is nonsense. Numerology. Psychic readings level.
This is a sweet way to condition the american people that recessions is coming and its totally normal. These clowns have no idea what recession is with their executive level incomes.
😷☕🇺🇲
very weak analogies
IF I WIN (THE BIG ONE), I KNOW WHO'S GOING TO BE, ON MY SPEED DIAL, (CHARLES PAYNE).🇺🇸🇺🇸🇺🇸.
SORRY but this guy doesn't know what he is talking about
What a comedian you are Charles leading off talking about the 29 crash when the stock market is doing better than it ever has even under Trump keep trying sport not that I'm a mush head and think that that really is a true indicator of our economic health I just had to say that because Donald always loved the stock market and he is probably chewing his balls off right now😂
You obviously never heard about the "roaring 20's" They had a stock market that was booming. Money was being made left and right. Then suddenly all of that just stopped.
The parallels are there is you look for them. The stock market is overinflated and will come back down to a more reasonable level. Look at the charts of how long it took for the stock market to recover after the 1929 crash. It did not happen in 5 years or even 10.
By that logic, the stock market is doing "better" than any president since it's at a record high. But that's not a fair way to compare. But I will give you credit how Trump annoyingly kept mentioning the stock market all the time when he was in office
@@researchthetruthyourself8982 do you see the picture next to my post that's my picture I went to school at a time when they actually taught history so yeah go ahead school me🤪 I guess next like Donald Trump you're going to tell me something I didn't know like he was trying to tell the nation something they didn't know Lincoln was a Republican 😂😉 and yes he really did say it like that I watched it
and comparing AL Capone to trump was left out.
@@DankNstien I learned a lot more history in the last 10 years on my own compared to what I was taught 4 decades ago in school. I do not recall being taught about the depression of 1920, did you get taught about that when you were in school?
only took you 3 years to catch on LOL
this guy is awful for adivce
Anything to push trumpism eh
This has nothing to do with the left or thr right. This has everything to do with conditioning the American people that recession is here. The more you hear of it, the more accepting it becomes.
@@JustMe-gx4xt I fully agree. Right authoritarianism, left communism. We found on liberal democratic Republicanism. Equality not capitalism. That is killing our country and its called political slavery. Swing voters make the majority and we get stuck with whatever crap representatives yall enable. It'd breeding chaos. No room for prejudice wether religious politics or anti religions policies. Time to demand intellectualism. Not this keep people dumb and bickering for a vote
There's no difference between 1920 racism and bigotry and 2023 racism and bigotry it the same.
There was actually racism in 1920...today, Democrats are just telling you there is racism. Big difference
@@Positiveenergy68 Stop.
@@Positiveenergy68 First of a got mix family and they deal with racism and bigotry all the time. Besides I just saw a video of a white man holding a BLM sign on
a corner in a small white town in Georgia do I need to go any further on how that went over.
@@Positiveenergy68 My little grand daughter who is 12 got called a half N. Because she was playing in a white nationalist neo-nazis white supremacist yard. Of course I had a conversation with him while I stood in his neck.
Racism and bigotry will always exist. However, the levels of both are down over the past century.