A friend forwarded this to me yesterday. In a nut shell it is a series of line graphs comparing the progress of the first great depression to our current economic situation which has been cleverly called the “Second Great Depression”. These graphs are not an inspiring sight. I went over them a few times and looked over the pages and couldn’t really find any sources for where the information comes from, which kind of bothers me. I get into this stuff pretty deep but I do try to level myself by finding corroborating evidence from somewhere else. The internet is ripe with mis information.
I wonder sometimes…
I am no economic scholar but a question comes to mind when I see this information. If there is a pattern to it, does that by any chance mean the cause or origin of the problem is the same? Alternatively it makes me wonder if the problem is similar wouldn’t the solution to the first problem also be the solution to the second problem? I will admit that is very presumptuous on my part.
I am a very skeptical person on banking and how money makes the world go round. One small and compelling illustration to this point would be the short video below. I have a lot to learn about the world of finance, but this gentleman uses a very simple demonstration. (Note his use of the word usury in the video, it was a term used in the Money as Debt video I posted earlier)