We have been in a recession for several months now. Don’t rely on the media or government officials to tell you the truth.
The state of our economy is certainly declining and we are definitely headed toward a DEPRESSION [an economic state characterized by unemployment and low levels of trade and investment].
Remember the Great Depression which began in October 1929 and lasted until World War II. Unemployment had risen from 8 million to 15 million. Banks, stores, and factories were closed which left millions of Americans jobless, homeless, and penniless. Many people came to depend on the government or charity to provide them with food.
The Great Depression was caused by an imbalance of wealth created by an unstable economy based upon an unequal distribution of wealth and stock market speculation which kept the stock market artificially high.
In my humble opinion, we are headed toward a Greater Depression.
The state of our economy is certainly declining and we are definitely headed toward a DEPRESSION [an economic state characterized by unemployment and low levels of trade and investment].
Remember the Great Depression which began in October 1929 and lasted until World War II. Unemployment had risen from 8 million to 15 million. Banks, stores, and factories were closed which left millions of Americans jobless, homeless, and penniless. Many people came to depend on the government or charity to provide them with food.
The Great Depression was caused by an imbalance of wealth created by an unstable economy based upon an unequal distribution of wealth and stock market speculation which kept the stock market artificially high.
In my humble opinion, we are headed toward a Greater Depression.