As I have stated numerous times, the REVOLUTION is speeding up.
As the DOW continues its free fall, so does our way of life.
I am SICK TO DEATH of the comparisons to the great depression, because I KNOW that the times are much more dire that in the 30's.
Case in point:
1.In the 30's , 29% of America worked on farms or in farm related jobs. Meaning they had access to food, even when money was scarce or nonexistent.Also most of America bought food in local farmers markets
Today less than 1% of us have access to food OTHER THAN STORE BOUGHT. What will happen when you have no cash, or worse the stores have little to no food?
We are so dependent on Supermarkets, that ANY interruption of food delivery will cause Panic and social unrest.
2. In the 30's, less that 20% America owned property(AKA a house). They rented, and/or lived with family.With home ownership @ record highs(60% +), losing your home while unemployed is a invitation to homelessness at worst and hopelessness at best. Nothing like a gypsy lifestyle to underscore the gravity of your personal finances, and put millions of Americans @ personal risk. Ever been homeless? I have, trust me nothing sucks more, and frankly most Americans are not mentally prepared or physically able to handle this situation.
3. In the 30's America had record budget surpluses. SO we had money to invest in ourselves
Today we have the pending insolvency of the government due to record deficits to look forward too. We will borrow money to address this crisis, and this will only hurt the US long term.
Look for a crashing dollar and crushing inflation in the years to come.
4. Our World is in crisis, even more so than the 30's. Yes we had a WORLD WAR, but we had NO WMD'S, so we could not euthanize ourselves. Now we can...
Today, we have multiple nations vying for the same shrinking pool of natural resources: FOOD, WATER, FUEL ETC, ETC. These nations ALL have Nuclear capabilities. What do you think will happen if say India and Pakistan have a 'Resource War' ? Or if one of the many countries that 'hate' us decide that America can be taken out by a 1st strike, or because they have NOTHING to lose in attacking us?
The problems are pandemic, their solutions require political will, and tragedy is inevitable....
If POTUS Obama can convince Congress to care more about America, than getting re-elected, perhaps we can muster the political will to solve the current crisis(s).
If he cannot, the World as we have know it will change irrevocably.