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Can we stop the carnage? Current economy vs Great Depression.

 
Lost Lady
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Can we stop the carnage? Current economy vs Great Depression.
Besides the fact that our currency is no longer backed by gold, the Fed rate is already bottomed out, and the banks have been bailed out already, how does our current economic status differ than that of the great depression? We've never truly recovered from 2008 either, so is there any way out of this mess, besides a staged war? I'm serious about this question, as I truly don't know the answer. I'm not economy savvy.

Timeline of the Great Depression:

The Great Depression era can be divided into two parts. The initial decline lasted from mid-1929 to mid-1931. Around mid-1931, there was a change in people’s expectations about the future of the economy.[1] This fear of reduced future income coupled by the Fed’s deflationary monetary policy resulted in a Mundell–Tobin effect. This further depressed the economy until Roosevelt stepped into office in 1933 and ended the gold standard, thereby ending the deflationary policy.[2]

A true understanding of the Great Depression requires not only knowledge of the U.S. monetary system but also the implications of the gold standard on its participatory nations. The gold standard made the involved nations interdependent on each other's monetary policy. Due to a fixed exchange rate, the only way to affect the demand for gold was through interest rates. For example, if interest rates were high in one country, then investors would have no reason to exchange currency for gold and the gold reserves would remain stable. However, if interest rates were low in a different country then its investors would elect to move their funds abroad where interest rates were higher. In order to stop this from happening, each nation within the gold standard union had no choice but to raise its interest rates in correspondence with its fellow nation.[2] This interconnectivity of deflationary policy amongst so many nations resulted in the prolongation of the greatest economic downturn.

1928 Edit

February: The Federal Reserve begins raising the federal funds rate in an attempt to rein in the bull market.

The U.S. and France significantly increase their gold reserves[3]

Germany's industrial production declines

1929 Edit

U.S. decline in industrial production August: The recession begins, two months before the crash. Production falls by 20%.

October 24: Stock market crash begins.

October 25: Brief surge on the market.

October 29: 'Black Tuesday'. U.S. Stock market collapse.

November 1: The Federal Reserve begins lowering the federal funds rate from its 6% level.

Decline in the commodity prices.

The stock market crash had little substantive effect on the recession because only 16% of the population was involved in the market, and only 10% of wealth was lost. However, the crash created uncertainty in people’s minds about the future of the economy. This distrust in future income reduced consumption expenditure. As demand for commodities decreased, so did their prices.[1]
1930 Edit

June 17: Smoot-Hawley Tariff Act passed.

September - December: First round of U.S. bank failures.

December: The Federal Reserve's federal funds rate reaches 2%, a record low.

1931 Edit

May: Creditanstalt, Austria's premier bank, goes insolvent.

May: The Federal Reserve's federal funds rate bottoms out at 1.5%.

May–June: Second U.S. bank failures / Change in people's expectation of the economy

If people expect the deflation to continue, they anticipate that prices will be even lower in the future than they are now. They hold off on purchases to take advantage of the expected lower prices. They are reluctant to borrow at any nominal interest rate because they will have to pay back the loan in dollars that are worth more when prices are lower than they are now. In short, the real interest rate rises above the nominal rate (Temin 56).[1]
July: Germany banking crisis

September 21: Britain leaves the gold standard.

September - October: Substantial amount of dollar assets are converted to gold in the US

September - December: The Federal Reserve increases the federal funds rate.

Fed wanted to stabilize the dollar without going off the gold standard. As a result, production continued to plummet and the depression intensified.
November - Summer 1932: Foreign trade restrictions / Imperial Preference

1932 Edit

April 2 - June: Government conducted open market transactions to increase money supply.

July: The Government discontinued open market operations.

November 8: Franklin D. Roosevelt elected President.

1933 Edit

April 5 - Executive Order 6102 or President Franklin D. Roosevelt issued, forbidding hoarding of gold coin, bullion and certificates, effective from May 1, 1933

*the above written is quoted from Wikipedia*
"They can only hold you down if you let them".
Lost Lady  (OP)

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Re: Can we stop the carnage? Current economy vs Great Depression.
I honestly don't see any way, besides war, to fix our global economy. If anyone, who knows economic tricks and trades, could help me with this I'd highly appreciate it.
"They can only hold you down if you let them".
Lost Lady  (OP)

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Re: Can we stop the carnage? Current economy vs Great Depression.
I realize it's all a purposeful chess game to aquire the NWO, masterfully planned by the TPTB, but is there any way we can sneak in a check or possibly a checkmate?
"They can only hold you down if you let them".
Anonymous Coward
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Re: Can we stop the carnage? Current economy vs Great Depression.
I tend to think the economic period we are in is more akin to the first great depression rather than the second one, especially in terms of length and depth.

A truism of both great depressions is that they ended in a global conflict (WW1 and WW2 respectively) and it seems silly to think we could escape the same fate.
Lost Lady  (OP)

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01/07/2016 02:11 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
With the Fed already being so low, I can't see that being of any help. Our currency is useless, as it's not gold backed. The banks already have a clause that will take our money if they need bailed out again, so that certainly can't help. I'm truly at a loss here. War seems the only fix, but that's exactly what TPTB want! Ugh!

Last Edited by Lost Lady on 01/07/2016 02:16 AM
"They can only hold you down if you let them".
Lost Lady  (OP)

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Re: Can we stop the carnage? Current economy vs Great Depression.
I tend to think the economic period we are in is more akin to the first great depression rather than the second one, especially in terms of length and depth.

A truism of both great depressions is that they ended in a global conflict (WW1 and WW2 respectively) and it seems silly to think we could escape the same fate.
 Quoting: Anonymous Coward 71137091


Sadly, I believe you're correct. So, how do you think it'll start? There are so many possibilities. Immigration, terrorism, religion, North Korea, Iran/Saudi, Russia/USA, etc.
"They can only hold you down if you let them".
Anonymous Coward
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01/07/2016 02:16 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
I tend to think the economic period we are in is more akin to the first great depression rather than the second one, especially in terms of length and depth.

A truism of both great depressions is that they ended in a global conflict (WW1 and WW2 respectively) and it seems silly to think we could escape the same fate.
 Quoting: Anonymous Coward 71137091


just to add, in the 1960s the US renamed the first depression to be called "The Great Depression" into the Long Depression and thus we have a situation that the association, Great Depression leads to Great War is lost on most people as the establishment has broken that association in peoples minds..

They are trying the same today by naming the period we are in the little depression..

An article that might be of interest to the OP

Lessons from the ‘Long Depression’
[link to www.iea.org.uk]

Extract:
Another possibility however is that focusing on the 1930s is ultimately misguided because we are looking at the wrong ‘Great Depression’. Maybe we should pay more attention to the events that generally had that title before the 1930s, the economic contraction of the later nineteenth century.


Still ended up being the driver for a great war, just as it feels todays economic climate will be a driver for another great war..
Lost Lady  (OP)

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01/07/2016 02:17 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
kim crap
"They can only hold you down if you let them".
Lost Lady  (OP)

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01/07/2016 02:19 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
I tend to think the economic period we are in is more akin to the first great depression rather than the second one, especially in terms of length and depth.

A truism of both great depressions is that they ended in a global conflict (WW1 and WW2 respectively) and it seems silly to think we could escape the same fate.
 Quoting: Anonymous Coward 71137091


just to add, in the 1960s the US renamed the first depression to be called "The Great Depression" into the Long Depression and thus we have a situation that the association, Great Depression leads to Great War is lost on most people as the establishment has broken that association in peoples minds..

They are trying the same today by naming the period we are in the little depression..

An article that might be of interest to the OP

Lessons from the ‘Long Depression’
[link to www.iea.org.uk]

Extract:
Another possibility however is that focusing on the 1930s is ultimately misguided because we are looking at the wrong ‘Great Depression’. Maybe we should pay more attention to the events that generally had that title before the 1930s, the economic contraction of the later nineteenth century.


Still ended up being the driver for a great war, just as it feels todays economic climate will be a driver for another great war..
 Quoting: Anonymous Coward 71137091


Thank you!
hf
"They can only hold you down if you let them".
Lost Lady  (OP)

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01/07/2016 02:22 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
Would you say our current situation is more closely related to that of 1873 or 1927?
"They can only hold you down if you let them".
Anonymous Coward
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01/07/2016 02:24 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
I tend to think the economic period we are in is more akin to the first great depression rather than the second one, especially in terms of length and depth.

A truism of both great depressions is that they ended in a global conflict (WW1 and WW2 respectively) and it seems silly to think we could escape the same fate.
 Quoting: Anonymous Coward 71137091


Sadly, I believe you're correct. So, how do you think it'll start? There are so many possibilities. Immigration, terrorism, religion, North Korea, Iran/Saudi, Russia/USA, etc.
 Quoting: Lost Lady


If you look at the other great depressions there is an element of vendettas being played out.. the French where p*ssed at the Germans post Franco-Prussian war and had to pay Germany huge war reparations during the first Great Depression just as Germany had to post second (1930s) Great depression.. those vendettas where the key to starting each world war..

If we look at today we are seeing similar vendetta being played out, Russia wanting to take out the US blaming her for the collapse of the Soviet Union and subsequent hardships faced by the Russian people, to enable a war a population has to feel they have a reason to destroy their enemy, the sanctions on Russia could play a major part in that leverage.. you also have the age old p*ssing contest in the ME with Iran and Saudi seeing an opportunity to be the big dog in the ME.. but even that flows back to who is behind each party..

For my mind the core drivers will be Russia and the US.. that kind of vendetta playing out on the world stage just leads to one thing, war. a great war.
Anonymous Coward
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01/07/2016 02:25 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
Would you say our current situation is more closely related to that of 1873 or 1927?
 Quoting: Lost Lady


USA moves in never ending cycles of booms and busts. Leave the country.
Anonymous Coward
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01/07/2016 02:30 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
It's global and about 4 quadrillion dollars... probably only extensive interplanetary wars could fix it...obviously if we get able to get a couple of earth sized meant liveable planets.
Anonymous Coward
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01/07/2016 02:33 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
I tend to think the economic period we are in is more akin to the first great depression rather than the second one, especially in terms of length and depth.

A truism of both great depressions is that they ended in a global conflict (WW1 and WW2 respectively) and it seems silly to think we could escape the same fate.
 Quoting: Anonymous Coward 71137091


Sadly, I believe you're correct. So, how do you think it'll start? There are so many possibilities. Immigration, terrorism, religion, North Korea, Iran/Saudi, Russia/USA, etc.
 Quoting: Lost Lady


If you look at the other great depressions there is an element of vendettas being played out.. the French where p*ssed at the Germans post Franco-Prussian war and had to pay Germany huge war reparations during the first Great Depression just as Germany had to post second (1930s) Great depression.. those vendettas where the key to starting each world war..

If we look at today we are seeing similar vendetta being played out, Russia wanting to take out the US blaming her for the collapse of the Soviet Union and subsequent hardships faced by the Russian people, to enable a war a population has to feel they have a reason to destroy their enemy, the sanctions on Russia could play a major part in that leverage.. you also have the age old p*ssing contest in the ME with Iran and Saudi seeing an opportunity to be the big dog in the ME.. but even that flows back to who is behind each party..

For my mind the core drivers will be Russia and the US.. that kind of vendetta playing out on the world stage just leads to one thing, war. a great war.
 Quoting: Anonymous Coward 71137091


Well don't be that quick to understimate UK...who sold 4 quadrillions dollars derivates? The City.
Anonymous Coward
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01/07/2016 02:42 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
Would you say our current situation is more closely related to that of 1873 or 1927?
 Quoting: Lost Lady


In terms of economic climate, we are in a period more akin to the first Great Depression, the 1930s was a short intense period that flowed off the back of the first great depression..

The first Great Depression (1870s) is the period where the US overtook the UK as being the world number 1 economic power, the same is happening today, or at least that is what China is aiming for.. again a define driver for conflict.

So behind the economic woes you had vendettas playing out (Germany/France) alongside a major shift in global power, that turned the existing balance of power on it's head..

While the second depression (1930s) consolidated what happened in the first..

Recap as I tend to get lost, the first great depression led to the second one, and today we are at the start of that process..
Lost Lady  (OP)

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01/07/2016 02:45 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
I tend to think the economic period we are in is more akin to the first great depression rather than the second one, especially in terms of length and depth.

A truism of both great depressions is that they ended in a global conflict (WW1 and WW2 respectively) and it seems silly to think we could escape the same fate.
 Quoting: Anonymous Coward 71137091


Sadly, I believe you're correct. So, how do you think it'll start? There are so many possibilities. Immigration, terrorism, religion, North Korea, Iran/Saudi, Russia/USA, etc.
 Quoting: Lost Lady


If you look at the other great depressions there is an element of vendettas being played out.. the French where p*ssed at the Germans post Franco-Prussian war and had to pay Germany huge war reparations during the first Great Depression just as Germany had to post second (1930s) Great depression.. those vendettas where the key to starting each world war..

If we look at today we are seeing similar vendetta being played out, Russia wanting to take out the US blaming her for the collapse of the Soviet Union and subsequent hardships faced by the Russian people, to enable a war a population has to feel they have a reason to destroy their enemy, the sanctions on Russia could play a major part in that leverage.. you also have the age old p*ssing contest in the ME with Iran and Saudi seeing an opportunity to be the big dog in the ME.. but even that flows back to who is behind each party..

For my mind the core drivers will be Russia and the US.. that kind of vendetta playing out on the world stage just leads to one thing, war. a great war.
 Quoting: Anonymous Coward 71137091


Yes. The big boys will move their chess pieces using smaller countries as their pawns, Iran, Saudi Arabia, etc. Until, Russia and the USA finally come to a battle of the Queens. Where would you say China comes in? Merely as the sneaky Knight of Russia's backing, or with a Queen and King of their own? And, what of France, UK, Germany?

Last Edited by Lost Lady on 01/07/2016 02:59 AM
"They can only hold you down if you let them".
Lost Lady  (OP)

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01/07/2016 02:49 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
Would you say our current situation is more closely related to that of 1873 or 1927?
 Quoting: Lost Lady


USA moves in never ending cycles of booms and busts. Leave the country.
 Quoting: Anonymous Coward 46431582


Ha! I've never been to any other country.

verysad

And, I love this country wholeheartedly. It's the government I can't stand.
"They can only hold you down if you let them".
Lost Lady  (OP)

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01/07/2016 02:52 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
It's global and about 4 quadrillion dollars... probably only extensive interplanetary wars could fix it...obviously if we get able to get a couple of earth sized meant liveable planets.
 Quoting: Anonymous Coward 70056543


That's reassuring...

dasbier

Sit back and have a beer, because it's an unstoppable shitstorm.
"They can only hold you down if you let them".
Anonymous Coward
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01/07/2016 02:54 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
I tend to think the economic period we are in is more akin to the first great depression rather than the second one, especially in terms of length and depth.

A truism of both great depressions is that they ended in a global conflict (WW1 and WW2 respectively) and it seems silly to think we could escape the same fate.
 Quoting: Anonymous Coward 71137091


Sadly, I believe you're correct. So, how do you think it'll start? There are so many possibilities. Immigration, terrorism, religion, North Korea, Iran/Saudi, Russia/USA, etc.
 Quoting: Lost Lady


If you look at the other great depressions there is an element of vendettas being played out.. the French where p*ssed at the Germans post Franco-Prussian war and had to pay Germany huge war reparations during the first Great Depression just as Germany had to post second (1930s) Great depression.. those vendettas where the key to starting each world war..

If we look at today we are seeing similar vendetta being played out, Russia wanting to take out the US blaming her for the collapse of the Soviet Union and subsequent hardships faced by the Russian people, to enable a war a population has to feel they have a reason to destroy their enemy, the sanctions on Russia could play a major part in that leverage.. you also have the age old p*ssing contest in the ME with Iran and Saudi seeing an opportunity to be the big dog in the ME.. but even that flows back to who is behind each party..

For my mind the core drivers will be Russia and the US.. that kind of vendetta playing out on the world stage just leads to one thing, war. a great war.
 Quoting: Anonymous Coward 71137091


Well don't be that quick to understimate UK...who sold 4 quadrillions dollars derivates? The City.
 Quoting: Anonymous Coward 70056543


I am not underestimating anyone.. but we are moving into a period of conflict, and as such you need reasons to motivate an entire population to fight.. for WW1 and WW2 the key is the vendetta between France and Germany which was rooted in the economic woes created by reparations at a time of great depression... you have to have a reason to motivate population a) to fight population b)

As for London, I do pay a keen interest, and seeing the shift towards China at the moment as one worth following, especially when you consider how exposed London has allowed itself to be to China at a time when China is challenging the US.
Lost Lady  (OP)

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01/07/2016 02:56 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
Would you say our current situation is more closely related to that of 1873 or 1927?
 Quoting: Lost Lady


In terms of economic climate, we are in a period more akin to the first Great Depression, the 1930s was a short intense period that flowed off the back of the first great depression..

The first Great Depression (1870s) is the period where the US overtook the UK as being the world number 1 economic power, the same is happening today, or at least that is what China is aiming for.. again a define driver for conflict.

So behind the economic woes you had vendettas playing out (Germany/France) alongside a major shift in global power, that turned the existing balance of power on it's head..

While the second depression (1930s) consolidated what happened in the first..

Recap as I tend to get lost, the first great depression led to the second one, and today we are at the start of that process..
 Quoting: Anonymous Coward 71137091


So, 2008 would be comparable to 1873 and present time is comparable to 1927?
"They can only hold you down if you let them".
Anonymous Coward
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01/07/2016 03:00 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
Would you say our current situation is more closely related to that of 1873 or 1927?
 Quoting: Lost Lady


USA moves in never ending cycles of booms and busts. Leave the country.
 Quoting: Anonymous Coward 46431582


Ha! I\'ve never been to any other country.

 Quoting: Lost Lady


The problem with majority of U.S.Americans.
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01/07/2016 03:03 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
Anonymous Coward
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01/07/2016 03:07 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
I tend to think the economic period we are in is more akin to the first great depression rather than the second one, especially in terms of length and depth.

A truism of both great depressions is that they ended in a global conflict (WW1 and WW2 respectively) and it seems silly to think we could escape the same fate.
 Quoting: Anonymous Coward 71137091


Sadly, I believe you're correct. So, how do you think it'll start? There are so many possibilities. Immigration, terrorism, religion, North Korea, Iran/Saudi, Russia/USA, etc.
 Quoting: Lost Lady


If you look at the other great depressions there is an element of vendettas being played out.. the French where p*ssed at the Germans post Franco-Prussian war and had to pay Germany huge war reparations during the first Great Depression just as Germany had to post second (1930s) Great depression.. those vendettas where the key to starting each world war..

If we look at today we are seeing similar vendetta being played out, Russia wanting to take out the US blaming her for the collapse of the Soviet Union and subsequent hardships faced by the Russian people, to enable a war a population has to feel they have a reason to destroy their enemy, the sanctions on Russia could play a major part in that leverage.. you also have the age old p*ssing contest in the ME with Iran and Saudi seeing an opportunity to be the big dog in the ME.. but even that flows back to who is behind each party..

For my mind the core drivers will be Russia and the US.. that kind of vendetta playing out on the world stage just leads to one thing, war. a great war.
 Quoting: Anonymous Coward 71137091


Yes. The big boys will move their chess pieces using smaller countries as their pawns, Iran, Saudi Arabia, etc. Until, Russia and the USA finally come to a battle of the Queens. Where would you say China comes in? Merely as the sneaky Knight of Russia's backing, or with a Queen and King of their own? And, what of France, England, Germany?
 Quoting: Lost Lady


In terms of China, if you look at the US, not meaning this is a nasty way as too many people seem to, but the US (rightly) used the first depression/WW1 to elevate their standing in the world and became the world number 1 economic power, they did the same in second depression/WW2 to become the worlds number 1 military power.. the 3rd objective to become the leading world power is financial reserve which came power Suez crisis.. that is the only point in which the US and UK confronted each other.. I would say if China is smart they would follow a similar pattern.. they can not confront the US directly, but will play all sides..

In terms of the UK, there have been some interesting moves since this depression started.. always worth following for those interested in these things, especially since Obama took power the UK has moved more towards China, you only have to see the UK and China releasing joint statements on Syria to see something is up there.. London has in my mind literally bet the bank on China.. no idea why given how so far apart we are.. but it is what is happening.

Then you have things like the UK (outside of EU and NATO) going back to the entente cordial, always a worry when the UK and France do something like this, only seems to happen in the prelude to a great war.. in other words Britain and France have aligned themselves to the point in a matter of weeks the CJEF will be declared operational.. the CJEF is the combination of British/French militarys which on their own account for 50% of the EUs defense spending.

Move like this outside of EU and NATO, just indicate to me the existing balance of power is broken.. which means something is in the offing..
Anonymous Coward
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01/07/2016 03:09 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
I honestly don't see any way, besides war, to fix our global economy. If anyone, who knows economic tricks and trades, could help me with this I'd highly appreciate it.
 Quoting: Lost Lady


and in the end WAR is only a temporary fix-if there is anything left
Anonymous Coward
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01/07/2016 03:14 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
Would you say our current situation is more closely related to that of 1873 or 1927?
 Quoting: Lost Lady


In terms of economic climate, we are in a period more akin to the first Great Depression, the 1930s was a short intense period that flowed off the back of the first great depression..

The first Great Depression (1870s) is the period where the US overtook the UK as being the world number 1 economic power, the same is happening today, or at least that is what China is aiming for.. again a define driver for conflict.

So behind the economic woes you had vendettas playing out (Germany/France) alongside a major shift in global power, that turned the existing balance of power on it's head..

While the second depression (1930s) consolidated what happened in the first..

Recap as I tend to get lost, the first great depression led to the second one, and today we are at the start of that process..
 Quoting: Anonymous Coward 71137091


So, 2008 would be comparable to 1873 and present time is comparable to 1927?
 Quoting: Lost Lady


For most of the world the 1873 depression lasted until the start of WW1, at least in how people lived their lives, and there where a few crashes mixed in their, the Crash of 1873 and the crash of 1896..

In the UK the soldiers coming back from WW1 where expecting to come home to a new order, that the economic woes would have been broken and a new order in place, the sad part if, while we can say the second Great depression had little actual impact on the UK that was only because things could not get any worse than they where already, the UK had been stuck in economic crisis since the 1870s and for the common man it only started to change from 1945.

When there where posts on here that some insider said this would last 25 years that's only because they are referring to this era being similar to the 1873 depression, and why it is also refereed to as the Long Depression..
Lost Lady  (OP)

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01/07/2016 03:28 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
I honestly don't see any way, besides war, to fix our global economy. If anyone, who knows economic tricks and trades, could help me with this I'd highly appreciate it.
 Quoting: Lost Lady


and in the end WAR is only a temporary fix-if there is anything left
 Quoting: Anonymous Coward 71172571


War, then what...we let the elite form their NWO and learn to say yes-a-massta? If only the regular Joe's could overthrow these rich, elitist, b**tards. We could if we stuck together, but most are too concerned with petty issues.
"They can only hold you down if you let them".
Anonymous Coward
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01/07/2016 03:31 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
Would you say our current situation is more closely related to that of 1873 or 1927?
 Quoting: Lost Lady


In terms of economic climate, we are in a period more akin to the first Great Depression, the 1930s was a short intense period that flowed off the back of the first great depression..

The first Great Depression (1870s) is the period where the US overtook the UK as being the world number 1 economic power, the same is happening today, or at least that is what China is aiming for.. again a define driver for conflict.

So behind the economic woes you had vendettas playing out (Germany/France) alongside a major shift in global power, that turned the existing balance of power on it's head..

While the second depression (1930s) consolidated what happened in the first..

Recap as I tend to get lost, the first great depression led to the second one, and today we are at the start of that process..
 Quoting: Anonymous Coward 71137091


So, 2008 would be comparable to 1873 and present time is comparable to 1927?
 Quoting: Lost Lady


Sorry, last post went a little off tangent, me trying to explain to much..

During the Great Depressions you have a number of crashes which is really what makes them Great, for the 1873 one, there is the obvious 1873 one and then there was the 1896 one, in 1930s you had 1929 and 1937, normally the world/ a country has a recovery period between such events that enables them to weather each storm, but in Great Depressions there is no real recovery between them.

What it seems we are doing now is heading for a second crash, that is what will turn this from a little depression to a great depression.. it's also has the potential to be where the shooting will start..
Lost Lady  (OP)

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01/07/2016 03:31 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
Thank you, AC 091! Your history expertise has been quite enlightening.

hf
"They can only hold you down if you let them".
Anonymous Coward
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01/07/2016 03:36 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
I honestly don't see any way, besides war, to fix our global economy. If anyone, who knows economic tricks and trades, could help me with this I'd highly appreciate it.
 Quoting: Lost Lady


and in the end WAR is only a temporary fix-if there is anything left
 Quoting: Anonymous Coward 71172571


War, then what...we let the elite form their NWO and learn to say yes-a-massta? If only the regular Joe's could overthrow these rich, elitist, b**tards. We could if we stuck together, but most are too concerned with petty issues.
 Quoting: Lost Lady


I think what the poster is trying to say is that any fix is only temporary just as any system is temporary, which is why France is on it's 5th go at making a republic work..

In the US you are only on your first go.. although it seems the current Admin has other plans.. you are as a nation an exception (which should be applauded) but that to one side, most of what happens is only temporary, the elite, be they a resurgent old elite or a new elite always find a way to hoard all the power and wealth..
Anonymous Coward
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01/07/2016 03:37 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
Thank you, AC 091! Your history expertise has been quite enlightening.

hf
 Quoting: Lost Lady


You're are very welcome.. I do find this topic interesting, as it affects us all.. and I hate the way the history books are rigged so that the average person can not see the wood for trees..
Lost Lady  (OP)

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01/07/2016 03:46 AM
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Re: Can we stop the carnage? Current economy vs Great Depression.
Thank you, AC 091! Your history expertise has been quite enlightening.

hf
 Quoting: Lost Lady


You're are very welcome.. I do find this topic interesting, as it affects us all.. and I hate the way the history books are rigged so that the average person can not see the wood for trees..
 Quoting: Anonymous Coward 71137091


Through High School, through college, I never had the opportunity to lean of the economies of other countries. Heck, they barely touched on ours. I do know history always seems to repeat itself. I also know that every great nation has collapsed under its own greed. The only difference now, it seems, that this is global. It's not just Rome, just Egypt, etc.
"They can only hold you down if you let them".