The 2020 Economic Crisis Is NOT A "Great Depression"

Get a 10-Day Free Trial of Market Insiders: https://theminoritymindset.com/Market-Insiders . . 🚨Read Our FREE eBook🚨 Get Richer Sleeping - Investing 101: http://bit.ly/m2InvestingeBook Many experts have related the 2020 economic crisis to the great depression, however 2020 is nothing like the great depression. In this video, we talk about our 2020 recession and what could make it worse. Subscribe To Our Channel: http://bit.ly/M2YouTube Recommended: Things You NEED To Understand About The New Economy: https://www.youtube.com/watch?v=Ziya5w6BELg&list=PLKsS_EjCEmdpTPQF64uDehmbsuHkB5P-i Real Estate Investing: https://www.youtube.com/watch?v=4-hnVtPCLms&list=PLKsS_EjCEmdqIuFuM-4soEpS0ybzBTnoh Why Financial Education Is More Important Now Than Ever: https://www.youtube.com/watch?v=0cScikkNXqQ&list=PLKsS_EjCEmdp1Ou6YeukY1refAQY251ef The 2020 Economic Crisis Is NOT A "Great Depression" 0:29 - What we’re experiencing during the 2020 crisis is not the great depression 1:28 - The difference between a recession, a depression, and a great depression 3:02 - We are in a recession and we could enter a depression if the economy continues to get worse 4:34 - Monetary policy during the great depression led to deflation and a credit crisis which put the United States into a great depression 5:20 - How to protect your finances against a depression by owning commodities 7:08 - What determines the price of gold and how commodities are insurance against a worst case scenario type of situation 8:59 - What would put the United States into a depression What Is The Minority Mindset? We are a financial news & education company. The Minority Mindset has nothing to do with the way you look. It's the mindset of thinking differently than the majority of people. #MIH #GetMoneySmart Check out some of our recommended products! Please note: some of the links are from our sponsors, so if you use them, we will get compensated. There's no additional cost to you. ---------- ➤ Real Estate Investing Online 1) 🏠 Fundrise - Invest in real estate with as little as $500! See the historical returns here: http://bit.ly/InvestFundrise ---------- ➤ Best Online Savings Account 2) 🏦 CIT Bank - Get a much better interest rate on your savings account with no fees. CIT Bank is FDIC Insured and conditions apply: http://bit.ly/CITsavings ---------- ➤ Active Stock Market Investing 3) 📈 Webull - Buy & sell stocks, pay $0 in commissions, and get a free stock: http://bit.ly/m2WebullFreeStock ---------- ➤ Passive Stock Market Investing 4) 💰 M1 Finance - Pick a few ETFs and stocks, then let M1 Finance invest your money automatically: https://bit.ly/M1FinanceStocks ---------- ➤ Loans & Refinancing 5) 💸 Credible - Get the lowest interest rates possible on your loans - see how much you can save: Student Loan Refinance: https://bit.ly/m2RefinanceLoan Mortgage Refinance: https://bit.ly/MortgageRefiCredible Getting A New Mortgage: https://bit.ly/MortgagePurchaseCredible *Advertisement from Credible Operations, Inc. NMLS 1681276, not available in all states. Visit https://www.credible.com/a/state-licenses for important information about Credible’s licenses. ---------- ➤ Home & Life Insurance 6) 🛡 Policygenius - make sure your family is protected with life insurance & home insurance. Policygenius will find you the best deal at no cost to you: http://bit.ly/PolicygeniusLifeYT Get a free home insurance quote: https://bit.ly/m2HomeInsurance ---------- ➤ Car Insurance 7) 🚗 CarInsurance.com - See how much you can save on your car insurance with a free quote: https://bit.ly/m2carinsurance ---------- ➤ Credit Cards 8) 💳 See some of our recommended credit cards*: http://bit.ly/ *We are compensated when you click on or are approved for offers. The information in this video and YouTube description was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. ---------- Twitter: https://www.Twitter.com/MinorityM1ndset Instagram: http://www.Instagram.com/MinorityMindset Facebook: http://www.Facebook.com/MinorityMindset See more & read our blog! http://www.TheMinorityMindset.com This Video: https://youtu.be/3MFnk4EVN2o Channel: https://www.youtube.com/MinorityMindset Video host: Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you. DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.