Nowadays, with the global recession on the tip of everybody’s tongue, we point out in this infographic some scary similarities between the Great Depression and what is now commonly referred to as the Great Recession…Are we headed down the path to another Great Depression?
So says the introduction to an infographic from www.paydayloans.co.uk which is brought to you courtesy of Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!). This paragraph must be included in any article re-posting to avoid copyright infringement.
*http://www.paydayloan.co.uk/Visual-News/is-this-recession-becoming-another-great-depression.html
HAVE YOU SIGNED UP YET?
Go here to receive Your Daily Intelligence Report with links to the latest articles posted on munKNEE.com.
It’s FREE and includes an “easy unsubscribe feature” should you decide to do so at any time.
SAVE TIME searching for today’s best articles. They are all here!
All articles are also available on TWITTER and FACEBOOK
Related Articles:
1. Richard Duncan: IF Credit Bubble Pops Civilization Won’t Survive the Depression that Follows
Our civilization would not be able to handle such a transition from an expansionary credit based economy where goods and services were readily available into a paradigm of credit contraction, supply shortages and destitution and this is what is coming. There is no way to prevent it – only to defer it until a later date – and that day will soon be upon us. Words: 590
2. IMF Begs Policymakers to Prevent World Economy From Falling into a 1930s-style Death Spiral!
The International Monetary Fund (IMF) painted a stark picture of the global economy this week slashing the outlook for world growth while forecasting a damaging recession in Europe that will leave no country, including Canada and the U.S., unscathed. The report stated that financial conditions have deteriorated, growth prospects have dimmed, and downside risks have escalated and, as such, policymakers must immediately move forward together to save the world economy from falling into a 1930s-style death spiral because the longer corrective action is put off the worse it will actually get. Words: 640
3. The 5 Stages of Collapse: Where Are We Currently?
In light of the unfolding global sovereign debt fiasco that has turned out to be less of a waterfall and more of an avalanche [than anticipated I present below a description of the 5 stages of collapse and discuss our preparedness. If you haven’t read it yet, perhaps you should.] It has been read by 70,000+ people so far – and is still being read by an average of 1,500 people each month – on my site alone. Words: 2525
4. Campbell Comments On: “Is This 1931 All Over Again? Krugman, Roubini and Ferguson Think So!”
Why read: It is foolish not to consider the possibility of depression, particularly in the face of the preponderance of commentary over the past many months that rampant inflation is on the horizon. [Here I review, analyze and comment on one such article on that possibility.] Words: 697
5. Events Accelerating Towards an Ultimate Dollar Catastrophe! Here’s Why
With the U.S. election just months off, political pressures will mount to favor fiscal stimulus measures instead of restraint. Such action can only accelerate higher domestic inflation and intensified dollar debasement culminating in a Great Collapse – a hyperinflationary great depression – by 2014. [Let me explain why that is the inevitable outcome.] Words: 2766
6. Pento: Rampant Inflation Tomorrow Necessary to Avoid Deflationary Depression Today! Got Gold?
There is an all out assault on the part of global central banks to destroy their currencies in an effort to allow their respective governments to continue the practice of running humongous deficits. In fact, the developed world’s central bankers are faced with the choice of either massively monetizing Sovereign debt or to sit back and watch a deflationary depression crush global growth. Since they have so blatantly chosen to ignite inflation, it would be wise to own the correct hedges against your burning paper currencies.
7. A Hyperinflationary Great Depression Is Coming to America by 2014! Here’s Why
The U.S. economic and systemic-solvency crises of the last four years only have been precursors to the coming Great Collapse: a hyperinflationary great depression. Outside timing on the hyperinflation remains 2014, but there is strong risk of a currency catastrophe beginning to unfold in the months ahead…moving into a full blown hyperinflation [in a few] months to a year… depending on the developing global view of the dollar and reactions of the U.S. government and the Federal Reserve. [Let me go into more detail.] Words: 2726
8. Investors Should Prepare Now for Coming Inflationary Depression – Got Gold?
It is an old saying that the “road to hell is paved with good intentions”. Well, in recent years, that road has been changed to a super-highway! America was put on that super-highway a few years ago and right now we are traveling at break-neck speed toward the financial abyss. Words: 1132
9. What’s Coming: A Hyperinflationary or A Deflationary Depression?
While I believe that the US is heading towards a Weimar style hyperinflationary depression there are several developments that point to the possibility of another deflationary depression, similar to the 1930’s. Words: 858
It’s incredible that the Mayans forecast 2012 would be the end of a major era. It looks, today, like we are standing on the eve of massive changes in the world that will have consequences for a long, long time to come. The scene is already set….the euro will collapse, and…other major currencies will collapse. The consequences of these (eventual) collapses will be horrible because we will have a hyperinflationary depression.