Category: Great Depression II
The analysis published under this category are as follows.
Monday, March 28, 2011
U.S. Economy In the Greater Economic Depression Confirmed by GDP Data / Economics / Great Depression II
By: Jas_Jain
On all forums and blogs I have always posted under my name, Jas Jain, but in early days of my comments in 1990s I would sign as Rabbi Jazzman (rabbi of morality of financial practices and their impact on the real economy and asset classes, e.g., the stock market and the housing market; with moral tone obvious in my use of language). Here is a quote from the period, July 1998:
Read full article... Read full article..."May be you are on to something here... What will happen...? The Greater Depression? ...The glory days of the US stock market may be over for good and in few decades the Chinese might assume the place of the supreme economic power in the world. Shalom, shalom. Rabbi Jazzman"
Thursday, March 03, 2011
U.S. Economic Death Spiral Into the Second Great Depression / Economics / Great Depression II
By: D_Sherman_Okst
Bernanke’s Unstoppable, Self Reinforcing, Negative-Feedback-Loop
Wracked up by both parties over many decades our debt has evolved into a yearly deficit that can no longer be serviced with tax revenue and borrowing.
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Friday, February 11, 2011
Escaping the Great Depression and Extending the Greater Depression / Economics / Great Depression II
By: Casey_Research
Doug Casey, The Casey Report writes: Here at Casey Research, our view of the Great Depression of the 1930s is a little different from that of most people. In our eyes, Franklin Roosevelt wasn't a hero, he was a villain. Nearly everything he did served to extend and deepen the economic downturn.
With the exception of supporting the 21st Amendment for the repeal of Prohibition, Roosevelt's involvement in the economy was an unmitigated disaster. But in popular memory, that failure is obscured by U.S. success in WW2, over which Roosevelt presided.
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Sunday, January 23, 2011
Great Depression, Debt and Economic Decline: Ireland, Portugal, Greece, US, UK / Economics / Great Depression II
By: Bob_Chapman
As of Wednesday we have seen the euro rise 7 straight days, which caused the USDX to fall to 78.14, this in spite of having 10-year rates in Spain, Portugal and Ireland rising 3 bps.
Both food and energy prices have risen at double-digit rates. This is an inflation reflection of 1979-80, 1996 and 2008. In the 1979 and 1980 and in the 2008 period our inflation gauge measured real inflation of 14-1/4%. Both occurred in recessions similar to today’s inflationary depression.
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Thursday, January 20, 2011
Economic Collapse Scenarios That We Could Potentially See In 2011 / Economics / Great Depression II
By: Chris_Kitze
What could cause an economic collapse in 2011? Well, unfortunately there are quite a few "nightmare scenarios" that could plunge the entire globe into another massive financial crisis. The United States, Japan and most of the nations in Europe are absolutely drowning in debt. The Federal Reserve continues to play reckless games with the U.S. dollar. The price of oil is skyrocketing and the global price of food just hit a new record high. Food riots are already breaking out all over the world. Meanwhile, the rampant fraud and corruption going on in world financial markets is starting to be exposed and the whole house of cards could come crashing down at any time. Most Americans have no idea that a horrific economic collapse could happen at literally any time. There is no way that all of this debt and all of this financial corruption is sustainable. At some point we are going to reach a moment of "total system failure".
Sunday, January 16, 2011
America Replicating Japan's Depression / Economics / Great Depression II
By: Stephen_Lendman
An except from Franck Biancheri's new book titled, "World Crisis: The Path to the World Afterwards" states:"The (current) financial and economic crisis....marks the end of the world order established after 1945." In 1991, the Soviet Union dissolved, and since fall 2007, we've "witness(ed) the accelerated decomposition of the 'Western pillar' with" America advancing disintegration.
Tuesday, January 11, 2011
Hoover and Bush, Interventionism Turns Crisis into Great Depression / Economics / Great Depression II
By: Mark_Thornton
The most basic rule of economic policy is to allow prices to adjust to market conditions. This maintains Say's Law and produces what Frédéric Bastiat called economic harmony.
Furthermore, unhampered markets minimize distortions and disruptions introduced by external forces. Most importantly, the unhampered price system minimizes the impact of the business cycle on the economy. This paper examines two historical episodes where interventionist policies turned business cycle corrections into depressions.[1]
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Tuesday, December 28, 2010
America’s Second Great Depression 2010 Year-end Update (Part 2) / Economics / Great Depression II
By: Mike_Stathis
I continue where I left off from Part one of this report. [1]
Ever since the summer of 2009, economists from both Washington and Wall Street have told us that an economic recovery was in progress, but the data reveals a strikingly different picture. Some even insisted that a recovery began in late spring. You should note the source of these claims, as well as their agendas, so as to determine the underlying motives for disseminating this propaganda.
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Saturday, December 18, 2010
America’s Second Great Depression 2010 Year-end Update (Part 1) / Economics / Great Depression II
By: Mike_Stathis
“Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” [1]
That quote was taken from a speech made by then Board of Governors member Ben Bernanke in 2002 to the Federal Reserve. Unfortunately, Bernanke’s pledge has been broken.
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Thursday, December 09, 2010
No U.S. Economic Exit Strategy, Only Wall Street Speculators Are Profiting / Economics / Great Depression II
By: Bob_Chapman
Policy makers within the Treasury and the Fed are only interested in delaying and extending the timeline trying to find and extricate themselves from one of the most dangerous fiscal and monetary failures of all time. They know they and their controllers have no solution. QE1 and QE2 have temporally saved them financially, but have not saved any economy, especially the American economy. In addition it has added to the severity of the crisis.
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Monday, December 06, 2010
No Economic Recovery in Sight, Reasons Why Global Capitalism Can't Recover Anytime Soon / Economics / Great Depression II
By: Shamus_Cooke
As the recession grinds on, politicians in most industrial countries have an incentive to make exaggerated claims about the supposed coming economic recovery. Some say the recession is over. Obama is in the group that claims we're on "the road to recovery,” while other nations can only spot recovery "on the horizon.” Below are seven important social phenomena that point to a more realistic economic and political outlook.
Thursday, December 02, 2010
How can the U.S. Economy Recover When its People Have Less Money? / Economics / Great Depression II
By: Pravda
How in the world is the U.S. economy going to recover if the American people have less money to spend? Millions of American families are heading into 2011 knowing that either they won't be seeing an increase in income or that their incomes will be smaller next year.
Saturday, November 27, 2010
11 Statistics Show Just How Far the Economy Has Deteriorated / Economics / Great Depression II
By: LewRockwell
Economic Collapse writes: Are you better off today than you were four years ago? Unfortunately, most Americans are not. Both political parties have controlled the White House during the last four years – Barack Obama has been in office for nearly two years and before him it was George W. Bush – and yet no matter what politicians we send to Washington D.C. things just seem to keep getting worse. We buy more than we produce, we spend more than we bring in, we have 18 times as many "problem banks" as we did 4 years ago, the number of Americans on food stamps continues to set a new all-time record every month and we are living in the greatest debt bubble in the history of the world. But at least the majority of Americans are still prosperous enough to enjoy a happy Thanksgiving inside a warm, comfortable home. Unfortunately, if things keep going the way they are going, we are going to experience a national economic nightmare that nobody will be thankful for.
Wednesday, November 24, 2010
Mounting Unemployment in America: Poverty and "Social Explosion" / Economics / Great Depression II
By: Bob_Chapman
The social net has become a bit more frayed. Soon extended unemployment benefits will cease and 2 million Americans will have to dip into their savings, if they have any. This is an outgrowth of the effects of free trade, globalization, offshoring and outsourcing. We have lost 8.5 million jobs over the last ten years to this destructive process. We have seen more than 42,000 manufacturing plants leave the country as well.
Sunday, November 21, 2010
Fed's Hidden Agenda of Driving U.S. Into a Second Great Depression / Economics / Great Depression II
By: Washingtons_Blog
Ben Bernanke has said that the Fed is trying to promote inflation, increase lending, reduce unemployment, and stimulate the economy.
However, the Fed has arguably - to some extent - been working against all of these goals.