Great or Greater Depression?

A fun read sent by our local dissident Paul.

 

Seven reasons a ‘good’ depression beats a new Great Depression

Yes, a depression. Spelled: D-e-p-r-e-s-s-i-o-n. Wake up America, recessions don’t work any more. Why?

Get serious folks. We had a 30-month recession not long ago. Eight years later the market’s still barely at its 2000 peak, a loser. Worse, we’re back in a new recession. But Washington politicians are keeping it a secret, feeding us doctored feel-good statistics as legendary political historian Kevin Phillips wrote in “Numbers Racket: Why the Economy is Worse Than We Know.”

So we blindly refuse to bite the bullet and stop our out-of-control spiral into collapse. America needs a big wake-up call … and it’s coming soon, whether you like it or not!  More…