Comment: I've been calling it "The Greater Depression"

(See in situ)


I've been calling it "The Greater Depression"

I've been calling it "The Greater Depression" for a couple years now, at least.

As has been pointed out here by several people and links to analysts, the government has been doing EVERYTHING that turned an ordinary cyclic downturn into the Great Depression". But THIS time we don't have a gold standard underpinning the money. When the next "dip" hits we have the potential for a reprise of the Weimar Republic hyperinflation, but this time with the dollar.

One potential upside: If we have a Weimar event, and you have a mortgage and enough safe cash-equivalent to meet the payments for a while, after a couple years you'll be able to pay it off for the price of a slice of toast.

= = = =
"Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job."

That means: For each job "created or saved" about five were destroyed.