A list of ways this economic collapse is different from the great depression
By Daniel at 28 October, 2009, 7:50 am
let’s make a list.
1. The Average American wasn’t up to their eyeballs in consumer debt during the great depression.
2. We were a nation of farmers then, now we are a nation of computer programmers, accountants and marketing consultants.
3. The currency wasn’t fiat, and money was “real” back during the first one. Now, the treasury and fed are printing money.
5. The movie industry skyrocketed during the first one, this time around, the movie industry is getting killed.
6. Art and Music was available to personalize the pain of the great depression…Now, all popular culture and music is ignoring the facts. Where are the artists?
7. The US government wasn’t being operated by politicians and business people with a global agenda during the first one.
8. The internet wasn’t available to seek out the facts during the great depression
9. Manufacturing base has been exported.
10. The US had a trade surplus. The Federal budget was balanced.
11. Aging socialist programs supporting able people. Great abuse of the social safety net.
12. No federal debt during the first depression.
I am sure there are others…
Written by GreatObamaCrash
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