It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Is 2009 tracking 1930?

page: 1
2

log in

join
share:

posted on Jun, 15 2009 @ 03:11 PM
link   
www.nakedcapitalism.com...

You bet!

"It is truly stunning: when one looks at statistics like industrial production, this downturn is looking as bad as the Great Depression. "

See the data within the above link.




posted on Jun, 15 2009 @ 03:33 PM
link   
The paralells between FDR's administration and the Fed and the Obama Administration and te Fed now are mirrored images. They are making the exact same mistakes now that whee made then along with more Government controll and power grabs than FDR ever thought of. These moves made in the 30's prlonged the crisis for 10 years longer than in Europe and now its going to prolong this depression even longer. Our children's children will still be paying off this financial morass when they are old and gray!

Zindo



posted on Jun, 15 2009 @ 03:36 PM
link   

Originally posted by leo123
"It is truly stunning: when one looks at statistics like industrial production, this downturn is looking as bad as the Great Depression. "


Looking as bad?


It is as bad if not worse, and most people dont even realize it.



posted on Jun, 15 2009 @ 07:14 PM
link   
George over at UrbanSurvival.com sure thinks so as well...

Paradigm change is never easy or quick



posted on Jun, 16 2009 @ 12:27 PM
link   
www.businessinsider.com...

Normally, unemployment is a lagging indicator but this guy thinks this time around it is actually a leading indicator.



new topics

top topics
 
2

log in

join