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7 Differences Between the Great Depression and Now
There are 7 main differences between the Great Depression and what I think will be an even Greater Depression coming in the near future. Those differences are both economic and social as well as global. I'm going to make this as short and sweet as possible. I don't believe in bull sh*t. So here it goes.
- We don't make anything anymore and we are competing with "slave" labor in this and other countries.
- We are completely in debt both individually and nationally consequently size of government is out of control.
- The Baby Boomers are a comin!
- We've already seen 2 wars (and more seem to be coming with each day).
- We don't have intact families.
- We aren't related to the land any longer and therefore we are dependent upon the government.
- We have no moral compass resulting in a prison population that is the largest in the world.
Made in the U.S.A...NOT!
1. Let's take the first item. We don't make ANYTHING anymore. When is the last time you saw "Made in the U.S.A." on anything? I can't remember when I turned an item over and saw the words "Made in the U.S.A", that's how long it's been. We used to make everything, we used to make cars..now the cars sit in lots with no buyers and the corporate executives come every few months with their hands out so that they can make their million dollar mortgages. We used to make gadgets and widgets and plates and toys and T.V's and furniture, now what do we make? I think we still make chocolate but I just recently heard that the York Peppermint Patty factory recently closed it's doors and moved south of the border in order to have cheap labor.
This is the most important item on the list because if we don't make anything, we can't employ anyone to make anything and therefore we can't tax anyone not making anything...get it! It kind of brings everything to a standstill.
DEBT and more DEBT!
2. The second item, debt, is the second most important thing. During the Great Depression, no one was in debt including the government. Now all of our tax money just goes to pay the interest on the national debt. When considering all of the unfunded mandates, the debt owed per person in the United States is 1 million per person!
In the Great Depression we didn't have the Housing Crises, or the Credit (card) Crisis or the Student Loan Crises. As citizens we can't get a grip because the pole has been waxed with oil from debt. It's difficult to start a business if you are bankrupt and it's difficult to even make ends meet when taxes take such a big bite out of everyone's paycheck and grocery bill (You don't think that taxes are just in your paycheck do you?). The government is simply printing money out of thin air, when that happens inflation is speeding down the highway and will come sooner than you can say $10 milk! No one has any cash saved and even if you do when inflation hits it's going to take all of your cash. The government owes over 20 TRILLION dollars! I don't think anyone can even fathom that amount of money. We didn't have this problem in the Great Depression because no one was in debt, not even the government (generally speaking).
3. The Baby Boomers are a comin! Yes, they are and when they start "in mass" drawing on that social security ponzi scheme we've all been paying into and using up the medicaid resources it will be a hit like you've never seen before. There IS NO MONEY people! Not only will they want their money but they will also be taking their 401k's and savings out of the system, out of a system that already doesn't have enough money. This was also NOT a problem in the so called Great Depression. There were no 401k's, no social security, no welfare or health care or anything. Everyone was independent..today it's just the opposite, everyone is dependent and it's a gravy train that is heading for derailment!
Do you think that this economic downturn will be worse than the Great Depression?
Wars and Rumors of Wars
4. During the Great Depression WWII helped to get us out of the Great Depression because it provided jobs, now we are in 2 wars, the problem here is that the amount of jobs created is not sufficient to bring us out of this tsunami. Maybe we should have WW III, maybe that would do it! I'm being facetious in case you didn't get it.
The Break-up of the Nuclear Family
5. The other reason this downturn is going to be worse than the Great Depression is that we no longer have intact families. During the Great Depression, people helped each other, people went back home and families assisted each other. And in that family there might be 5 or 6 siblings, if one got a job he or she contributed to the family and helped the others who weren't able to find work. Today we are lucky to have one family that is intact with maybe 1 or 2 siblings, let alone extended families. Moreover, there are a lot of people who are single and without anyone to go to should they get into trouble. What will these people do? Where will they go when they are at the end of their rope? The extinction of the nuclear family is a huge travesty that wont be really felt until after the crash.
NO more Farms!
6. During the Great Depression 25% of Americans lived on farms, today that figure is less than 2%. Not only did they live on farms but a lot of people had victory gardens and chickens and knew how to survive without electricity, grocery stores, food stamps and restaurants today; that number would be next to nothing. We are very dependent today on technology and the government, back then we weren't. Should another Great Depression hit us now, we will be much less able to take the hit and provide for ourselves. Just imagine if tomorrow there were no food stamps, grocery stores or restaurants. Most people would starve. During the 1930s that wasn't the case.
Lack of Morality
7. Tocqueville, when visiting America commented that America is strong because America is good. I don't think Tocqueville would say the same of America today. We have lost our moral compass. We have the highest incarceration rate in the world, one in 99 people in the U.S. is in prison at a cost of over 49 billion a year. Most people think morality is relative. This was not the case during the Great Depression. When people have their backs against the wall, with no moral compass, violence will be the norm.
I wish I could provide some good news and if you know of any in regards to this topic please feel free to share it with me. Finally, I hope that I am wrong. I hope that somehow, somewhere I missed something that would make this all wrong but I think the facts speak for themselves.
Good luck and God Bless us all.
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