The Silent Economic Depression: Lessons from the Great Depression Part XIX: Revising the Economic Past.
As I stopped by my local grocery store to shop I happened to notice that for a weekend, the number of people was extraordinarily low. Recognizing the cashier I observed, “it really seems empty for a weekend.” Her comment sums up the new feeling that many have. “It feels like we are entering another like Great Depression you know?” Talk of the Great Depression now seems to be mixed in like pasta sauce into talks of the incredibly unpopular $700 billion bail out for Wall Street and irresponsible lenders. Not only has the economic Armageddon talk entered Washington D.C., they are threatening that should you fail to get onboard, your 401(k) will be held hostage.
I find it stunning and opportunistic that these same people who were cheerleading that all was well only a few months ago are suddenly coming hat in hand begging for the largest government welfare check […]
Original post by drhousingbubble
