Similarities Between 1930 & Now

[Ozarks Tom]

A few things have changed, like the gold standard, but the overall problems mirror the run-up to the Great Depression.  What I take away from this article is the unintended consequence of low interest rates once again putting emerging markets and commodity producers in untenable positions.  Everybody going for the fast dollar today, with little or no thought to what those actions might bring in the long run.

One view of what caused the Great Depression in the 1930s is that the Federal Reserve failed to prevent a collapse in the money supply.

This is the famous thesis of Milton Friedman’s and Anna Schwartz’s A Monetary History of the United States, 1867-1960, and it was, more or less, the view of Ben Bernanke when he was chairman of the Federal Reserve.

The global economy today resembles that of the 1930s in several ominous ways.

Financial author Edward Chancellor recently called attention to a paper written by Claudio Borio, head economist at the Bank of International Settlements, that provides a fuller picture of the causes of the Great Depression. The paper also draws parallels between global economic conditions that led to the rise of protectionism in the 1930s and our situation now.
www.marketwatch.com/story/chilling-ways-the-global-economy-echoes-1930s-great-depression-era-2016-02-19

[blackfeather]

We have been watching a documentary on the depression, figured we better get informed about our future. Our new greater depression started in 2008 but we threw everything at it and stalled it, but now it is picking up again. The only thing is now we have far more debt, and every country is going to be affected. This will be far worse than the 30's. In the 30's many still had access to farms, it might have been their grand parents farms but there was a place to go and survive, few have any ties to the land now.

I can see once this gets under way we will have a jobs program like FDR did with his conservation camps. This time the president will send people to concentration FEMA camps with slave labor work programs. Of all the candidates running, I could see Trump doing this the quickest. He will have good intentions but the road to hell is paved with those. They will advertise free food, hot shower, free wifi and the zombies will gladly go there. If someone goes in, they won't come out. I can see people packed in and disease spreading through a camp, and food shortages. Kind of makes me want to watch the Star Trek show "Conscience of the King", I could see a Kodos arise in order to solve a food shortage.

[sawmilljim]

From what I have found reading tons of pages is our Gov. that is being owned and operated by the big banks refuse to admit we are broke and in the hole . They refuse to audit the private money printing Co. much less abolish it .If our congress and senators weren't owned by this corrupt banking cartel they would fix it before everything goes to pot. The elite are fine they have took real goods from the people while giving them their note of debt . Hard concept to grasp for most .

Yes when not if the dollar goes and it will be massive .People living in cities stacked floor after floor reminds me of total confinement hog operations . They are there by the hundreds of thousands expecting their local store to always have their supper right there for them. After a few days a FEMA camp would look mighty nice I would think or the survivors would think so.Way to many years of easy living is going to bite many fast.

China Russia and a few other countries are I think wise to the US with their goal of the OWO group .They are taking measures to separate from much of it ie China and their own trade clearing houses along with shedding the dollar in trade. The petro dollar is dead but the elite prefer to take the world economy down rather than admit it. That is the reason other countries are setting up their own gold exchange and clearing houses .

Next stage is probably WWIII to use as a reason for the mess the bankers have instigated before the above things happen . Either way living in the sticks with a way to provide for ones own self is the poor mans only hope of survival IMHO.