The Coming Greater Depression

The name “Greater Depression” is used rather than “Great Depression II” , because of a dream that I read about on the net. A woman had a dream about a future depression, and she said that people called it the “Greater Depression”. It’s easier to say “Greater Depression” than “Second Greater Depression”, so I can easily imagine that this is what it will be called.

Think it’s over yet? It hasn’t started yet (Feb 2010). See this graph below. Note that the second hill would be about four times as high as the first hill, if each color (yellow, green, red, gray), was added together, and put on top of each other:

financial graph subprime

US Debt Bubble Chart (Great Depression of 1929 repeat).

From www.moneyfiles.org

debt

Do Whatever It Takes to pay off your debt NOW. Prepare for hard times.

How high was unemployment in the USA at the height of the depression? 25%.

BUT THAT WASN’T ALL. Wages for those lucky enough to have jobs fell almost 43%!

borrowings

Source for the above image

 

See this scary graph of the Velocity of Money 

 

DANGER! MUST READ! Wall Street Journal: Surviving Anarchy after the Debt Bomb Explodes. PRINT THIS AND PUT IT ON YOUR FRIDGE

See also

Why It’s Better to Rent

The Second Great Depression

Derivatives: Why They are Important to You

50 Statistics So Crazy They are Hard to Believe 

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The owner of this website is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon properties including, but not limited to, amazon.com, endless.com, myhabit.com, smallparts.com, or amazonwireless.com.