Is the Great Depression 2.0 on the way and could it last until 2032?
The Return of the Great Depression explains why the author, Vox Day, believes that the economic downturn happening in the United States will get worse before it gets better.
Seven years ago, Day predicted the collapse of the housing market and the destruction of the financial services industry. Now, in Return of the Great Depression, he offers detailed analysis of the economic and monetary policies of the last several ye
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As America continues to slide into the second Depression, Wall Street bankers continue their spending party, fat and happy on taxpayer dollars. The reality of the disastrous Obama economic stimulus package (really just theft from the American people) continues.
Foreclosure auctions are booming business: the last three months have been the worst time ever for foreclosures. That's worse than the Great Depression, the 80s recession, everything. And that means that the trend is going to be continuing: as people lose their houses, they stop buying. They stop buying anything. That means the US economy is about to tear wide open, again. Expect Cyber Monday and all other economic indicator days to show grim numbers.
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