Topic: Financial Depression

It’s hard to believe but fifty-six years passed between the Panic of 1873 and the Great Depression in 1929. Yet even harder to believe is that eighty-eight years have passed between the Great Depression and this year.

            The Panic of 1873 lasted until 1879. This was caused by the great push to build our railroad system at any cost, railroad strikes, and the recovery from Civil War. Yet people didn’t learn the lessons this financial hardship had to teach.

            The second depression known as the Great Depression in 1929. It was caused by greed once again. To be specific it was over production and under consumption. Followed by WW II. This time it was so bad that people jumped to their deaths from their office buildings. Why? Because people lost their entire wealth. They lost their asses.

                Now why in hell am I talking about this? Simple, we are overdue for a financial depression. At least 23 years overdue and now in 2017 we are 33 years overdue for a financial crisis. I know we have seen the experts on fake corporate news stations like Fox, NBC, ABC, and CBS along with their sister stations like CNBC, saying everything is getting better and people are working again. It’s a number scam. Here is an example:

                Jeff gets a part time job. Great! Not really. The pay is barely enough to cover his share of electric and rent. So Jeff does what everyone else does, he gets a second part time job. Guess what he is counted twice in the employment numbers. His neighbor Lisa is unemployed and has been for two years. Her unemployment benefits have ran out since the company she worked for closed after Obamacare. However, since she doesn’t get unemployment anymore the government thinks she is working and therefore she is counted as being employed. Even though she’s not employed, that doesn’t matter. She’s not on unemployment anymore. That is how this scam works.

 Next month Iran is scheduled to move away from the petro dollar (American Dollar) as the dominate currency for oil purchases. Iran was supposed to give us a warning so we could prepare our financial system for this change.  However, they didn’t do this. Now I can understand their position. They haven’t invaded any one and they aren’t testing nuclear missiles. They are testing missile fire power and range. But that is different than nuclear weapons. This is could bring a hardship on the level of the great depression. Especially if more than just Iran does this. Of course let’s remember what happened to the last two leaders who tried this move. They are dead now. So I have to wonder if the leader of Iran is prepared for this consequence.

Until later, Anarchy and Revolution is the path to freedom.

The video will be at https://youtu.be/bHlTn2S_IOs