The Perfect Storm - What REALLY Caused The 2020 Economic Crisis

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 5 different factors have together to help create a perfect storm - we'll be talking about potential bailouts for businesses that didn't manage their money properly, the oil crisis, huge consumer debt, the federal reserve bank, and the current pandemic Subscribe To Our Channel: http://bit.ly/M2YouTube Recommended: What every stock market investor wants to know: https://youtu.be/qqcZXv9E08M Investing Your Money: https://www.youtube.com/watch?v=U7tJn4qv8Lk&list=PLKsS_EjCEmdojUw_JdJgLKkyPiGJphcmK Stock Market Investing: https://www.youtube.com/watch?v=LKpupMSYCko&list=PLKsS_EjCEmdpfjBGGceaTXfmNHW6MO6pg The Perfect Storm - Emergency Bailouts, Fed Prints Trillions, and an Oil Crisis 0:29 - Wall Street declared we're in recession territory 1:34 - Greedy business decisions particularly by airlines might result in huge bailouts 3:07 - What happens when a business gets too greedy and uses all their money for stock buy backs 4:48 - The oil crisis started by Saudi Arabia and Russia 6:07 - Oil prices tanked which is not good news for oil companies 6:38 - Too much spending by consumers has led to a consumer debt problem 7:55 - The Federal Reserve Bank's monetary policy doesn't leave room for stimulus 9:00 - The fed cut interest rates to zero so if they want to stimulate the economy, they will need to be creative 9:39 - The straw that broke the camel's back which put our economy in a recession What Is The Minority Mindset? We are a financial news & education company. The Minority Mindset has nothing to do with the way you look, your ethnicity, or your skin color. It's the mindset of thinking differently than the majority of people when it comes to your money. #MIH #GetMoneySmart Check out some of our recommended products! ---------- ➤ Fundrise 1) 🏠 Fundrise - Invest in real estate with as little as $500! See the historical returns here: http://bit.ly/InvestFundrise ---------- ➤ CIT Bank 2) 🏦 CIT Bank - Get a better interest rate on your savings account with no fees: http://bit.ly/CITsavings ---------- ➤ Webull 3) 📈 Webull - Buy & sell stocks, pay $0 in commissions, and get a free stock: http://bit.ly/m2WebullFreeStock ---------- ➤ Credit Cards 4) 💰 Credit cards are great if you know how to use them the right way. Here's a breakdown of our favorite cards: Best cash back credit cards: https://theminoritymindset.com/best-cash-back-credit-card-personal/ Best travel credit cards: https://theminoritymindset.com/travel-credit-card/ Best business credit cards: https://theminoritymindset.com/business-credit-card/ ---------- ➤Credible 5) 💸 Credible - save money on your student loans by refinancing with the lowest interest rates: http://bit.ly/m2StudentLoanRefi ---------- ➤ Policygenius 6) 🛡 Policygenius - make sure your family is protected with life insurance. Policygenius will find you the best deal: http://bit.ly/PolicygeniusLifeYT ---------- ➤ Airbnb 7) 🏘 Airbnb - earn extra income by listing your home: http://bit.ly/M2Airbnb ---------- 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/FIq9DEQ32RM 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: Jaspreet Singh is not a 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.