[Ciexyz]

You get the feeling, when will they pull the rug out from under us again. They being the manipulators and power brokers of the world economic system.

[Rodamala]

Expect global war... and a 3rd and 4th term for Øbama.

[cynwoody]

A few contrasts stand out. First, the Great Depression triggered much deeper drops in GDP and employment rates in the United States than in any major European country. The peak-to-trough drop in the United States from 1929 to 1933 was a stunning 26 percentage points of GDP, versus only 11 points in Europe and 6 points in the U.K.

Blame the Doofus on the Dime.

[kvanbrunt2]

well from the charts i would say the the US government is better at manipulating the data and components used in GDP between 1929 and 2007 which would make the current chart look like we are getting better.

[Pelham]

There’s some significant differences between now and the 1930s. The Great Depression became what it was because of a massive collapse in the American banking system. The Depression hit hardest in the US because of this.

In order to replay the 1930s we would need one third of American banks to fail, we would need one third of the US money supply to vanish, we would need all of the customers of the failed banks to lose all their money.

None of that is likely to happen because of important changes done in response to the disaster of the 1930s.

We now have FDIC so that customers aren’t ruined if their bank fails. Milton Friedman called that the single most important legislation to come out of the ‘30s.

Today the Fed won’t just sit on the sidelines and let nature take its course which is what they were doing in the 1930s. Today they buy up troubled assets and otherwise provide liquidity to prevent a vicious spiral from getting a head of steam.

That’s what all the TARP and QE junk has been about. Granted they appear to have been done without much oversight, and the very people who helped cause the calamity enriched themselves by stealing from the taxpayers.

[ClearCase_guy]

bfl

[indthkr]

Fourth Turning bump for later....

[bert]

Chartists assume their charts are always predictably meaningful

But, so are sheep entrails when properly arrayed and interpreted

[RWB Patriot]

I recommend “The Politically Incorrect Guide to the Great Depression and the New Deal”.

[Renkluaf]

Yes and the parallels are striking. Both find an idiot in the White House with no idea how an economy works. Both idiots think government creates prosperity. Both think bigger gov’t is the solution. Both hate private enterprise. And both made their respective financial downturns worse.

[patriot08]

Project Prophecy
predicts imminent $100 trillion U.S. collapse

http://pro.moneymappress.com/MMRBSSH39PPM2/PMMRQB88/?iris=267040&h=true