The great depression started when Clinton started exporting jobs, Bush put job exporting on steroids and Obama keeps it going. The country’s economy has been tapped out after being held afloat using credit cards, homes as ATM machines, constant wars, and stimulus efforts.
If people don’t have a paycheck, they are unable to buy. If they are unable to buy, we have a depression. The great recession will morph into the great depression as Washington continues to support the world with troops, trade and treasuries.
Exactly correct, PMFNS for China is what did it and that was Bush1 I think. Our ruling elite are in bed with the Chinese communists.