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The Nazi women's organizations, other propaganda agencies and the authorities all attempted to shape such consumption as economic self-sufficiency was needed to prepare for and to sustain the coming war. The organizations, propaganda agencies and authorities employed slogans that called up traditional values of thrift and healthy living. However, these efforts were only partly successful in changing the behavior of housewives.

Many economists believe that government spending on the war caused or at least accelerated recovery from the Great Depression, though some consider that it did not play a very large role in the recovery. It did help in reducing unemployment. The rearmament policies leading up to World War II helped stimulate the economies of Europe in — By , unemployment in Britain had fallen to 1. The mobilization of manpower following the outbreak of war in ended unemployment. When the United States entered into the war in , it finally eliminated the last effects from the Great Depression and brought the U.

Businessmen ignored the mounting national debt and heavy new taxes, redoubling their efforts for greater output to take advantage of generous government contracts. The majority of countries set up relief programs and most underwent some sort of political upheaval, pushing them to the right. Many of the countries in Europe and Latin America that were democracies saw them overthrown by some form of dictatorship or authoritarian rule, most famously in Germany in The Dominion of Newfoundland gave up democracy voluntarily.

The sharp fall in commodity prices, and the steep decline in exports, hurt the economies of the European colonies in Africa and Asia. For example, sisal had recently become a major export crop in Kenya and Tanganyika. During the depression it suffered severely from low prices and marketing problems that affected all colonial commodities in Africa. Sisal producers established centralized controls for the export of their fibre.

The depression severely hurt the export-based Belgian Congo economy because of the drop in international demand for raw materials and for agricultural products. For example, the price of peanuts fell from to 25 centimes. In the country as a whole, the wage labour force decreased by Political protests were not common. However there was a growing demand that the paternalistic claims be honored by colonial governments to respond vigorously. The theme was that economic reforms were more urgently needed than political reforms. Students were trained in traditional arts, crafts, and farming techniques and were then expected to return to their own villages and towns.

Australia's dependence on agricultural and industrial exports meant it was one of the hardest-hit developed countries. By , GDP had shrunk to less than half of what it had been in , exacting a terrible toll in unemployment and business failures.

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Influenced profoundly by the Great Depression, many national leaders promoted the development of local industry in an effort to insulate the economy from future external shocks. After six years of government austerity measures , which succeeded in reestablishing Chile's creditworthiness, Chileans elected to office during the —58 period a succession of center and left-of-center governments interested in promoting economic growth by means of government intervention. Consequently, as in other Latin American countries, protectionism became an entrenched aspect of the Chilean economy.

China was largely unaffected by the Depression, mainly by having stuck to the Silver standard. China and the British colony of Hong Kong, which followed suit in this regard in September , would be the last to abandon the silver standard. In addition, the Nationalist Government also acted energetically to modernize the legal and penal systems, stabilize prices, amortize debts, reform the banking and currency systems, build railroads and highways, improve public health facilities, legislate against traffic in narcotics and augment industrial and agricultural production.

On November 3, , the government instituted the fiat currency fapi reform, immediately stabilizing prices and also raising revenues for the government. The crisis affected France a bit later than other countries, hitting hard around The depression was relatively mild: Ultra-nationalist groups also saw increased popularity, although democracy prevailed into World War II.

France's relatively high degree of self-sufficiency meant the damage was considerably less than in nations like Germany. The Great Depression hit Germany hard. The impact of the Wall Street Crash forced American banks to end the new loans that had been funding the repayments under the Dawes Plan and the Young Plan. The financial crisis escalated out of control and mid, starting with the collapse of the Credit Anstalt in Vienna in May.

An international conference in London later in July produced no agreements but on August 19 a standstill agreement froze Germany's foreign liabilities for six months. The funding only slowed the process. Business failures became more frequent in July, and spread to Romania and Hungary.

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In the s, Germany repaid all its missed reparations debts. The government did not increase government spending to deal with Germany's growing crisis, as they were afraid that a high-spending policy could lead to a return of the hyperinflation that had affected Germany in Germany's Weimar Republic was hit hard by the depression, as American loans to help rebuild the German economy now stopped.

Hitler ran for the Presidency in , and while he lost to the incumbent Hindenburg in the election, it marked a point during which both Nazi Party and the Communist parties rose in the years following the crash to altogether possess a Reichstag majority following the general election in July Hitler followed an autarky economic policy, creating a network of client states and economic allies in central Europe and Latin America.

By cutting wages and taking control of labor unions, plus public works spending, unemployment fell significantly by Large-scale military spending played a major role in the recovery. The reverberations of the Great Depression hit Greece in The Bank of Greece tried to adopt deflationary policies to stave off the crises that were going on in other countries, but these largely failed. For a brief period the drachma was pegged to the U. Remittances from abroad declined sharply and the value of the drachma began to plummet from 77 drachmas to the dollar in March to drachmas to the dollar in April, This was especially harmful to Greece as the country relied on imports from the UK, France and the Middle East for many necessities.

Greece went off the gold standard in April, and declared a moratorium on all interest payments. The country also adopted protectionist policies such as import quotas, which a number of European countries did during the time period. Protectionist policies coupled with a weak drachma, stifling imports, allowed Greek industry to expand during the Great Depression. These industries were for the most part "built on sand" as one report of the Bank of Greece put it, as without massive protection they would not have been able to survive.

Despite the global depression, Greece managed to suffer comparatively little, averaging an average growth rate of 3. The dictatorial regime of Ioannis Metaxas took over the Greek government in , and economic growth was strong in the years leading up to the Second World War. The Depression hit Iceland hard as the value of exports plummeted. The total value of Icelandic exports fell from 74 million kronur in to 48 million in , and was not to rise again to the pre level until after How much India was affected has been hotly debated.

Nationalist historians have argued that the Great Depression slowed long-term industrial development. Apart from two sectors—jute and coal—the economy was little affected. However there were major negative impacts on the jute industry, as world demand fell and prices plunged. Local markets in agriculture and small-scale industry showed modest gains. Frank Barry and Mary E. Daly have argued that:. The Great Depression hit Italy very hard.

This led to a financial crisis peaking in and major government intervention. IRI did rather well with its new responsibilities—restructuring, modernising and rationalising as much as it could. It was a significant factor in post development. The Great Depression did not strongly affect Japan. Japan's Finance Minister Takahashi Korekiyo was the first to implement what have come to be identified as Keynesian economic policies: Takahashi used the Bank of Japan to sterilize the deficit spending and minimize resulting inflationary pressures.

Econometric studies have identified the fiscal stimulus as especially effective. The devaluation of the currency had an immediate effect. Japanese textiles began to displace British textiles in export markets. The deficit spending proved to be most profound and went into the purchase of munitions for the armed forces. By , Japan was already out of the depression. By , Takahashi realized that the economy was in danger of overheating, and to avoid inflation, moved to reduce the deficit spending that went towards armaments and munitions. This resulted in a strong and swift negative reaction from nationalists, especially those in the army, culminating in his assassination in the course of the February 26 Incident.

This had a chilling effect on all civilian bureaucrats in the Japanese government. From , the military's dominance of the government continued to grow. The deficit spending had a transformative effect on Japan. Japan's industrial production doubled during the s. Further, in the list of the largest firms in Japan was dominated by light industries, especially textile companies many of Japan's automakers, such as Toyota , have their roots in the textile industry.

By light industry had been displaced by heavy industry as the largest firms inside the Japanese economy. Because of high levels of U. Within the region, Chile , Bolivia and Peru were particularly badly affected. Before the crisis, links between the world economy and Latin American economies had been established through American and British investment in Latin American exports to the world.

As a result, Latin Americans export industries felt the depression quickly. World prices for commodities such as wheat, coffee and copper plunged. Exports from all of Latin America to the U. But on the other hand, the depression led the area governments to develop new local industries and expand consumption and production. Following the example of the New Deal, governments in the area approved regulations and created or improved welfare institutions that helped millions of new industrial workers to achieve a better standard of living.

From roughly to , the Netherlands suffered a deep and exceptionally long depression. This depression was partly caused by the after-effects of the Stock Market Crash of in the U. Government policy, especially the very late dropping of the Gold Standard, played a role in prolonging the depression. The Great Depression in the Netherlands led to some political instability and riots, and can be linked to the rise of the Dutch national-socialist party NSB.

The depression in the Netherlands eased off somewhat at the end of , when the government finally dropped the Gold Standard, but real economic stability did not return until after World War II. New Zealand was especially vulnerable to worldwide depression, as it relied almost entirely on agricultural exports to the United Kingdom for its economy. The drop in exports led to a lack of disposable income from the farmers, who were the mainstay of the local economy.

Jobs disappeared and wages plummeted, leaving people desperate and charities unable to cope. In , riots occurred among the unemployed in three of the country's main cities Auckland , Dunedin , and Wellington. Many were arrested or injured through the tough official handling of these riots by police and volunteer "special constables". With the budget balanced in , the effects of the depression were relaxed through harsh measures towards budget balance and autarky , causing social discontent but stability and, eventually, an impressive economic growth.

In the years immediately preceding the depression, negative developments in the island and world economies perpetuated an unsustainable cycle of subsistence for many Puerto Rican workers. As world trade slumped, demand for South African agricultural and mineral exports fell drastically. The Carnegie Commission on Poor Whites had concluded in that nearly one third of Afrikaners lived as paupers. The social discomfort caused by the depression was a contributing factor in the split between the "gesuiwerde" purified and "smelter" fusionist factions within the National Party and the National Party's subsequent fusion with the South African Party.

The Soviet Union was the world's sole communist state with very little international trade.

Great Depression - Wikipedia

Its economy was not tied to the rest of the world and was only slightly affected by the Great Depression. At the time of the Depression, the Soviet economy was growing steadily, fuelled by intensive investment in heavy industry. The apparent economic success of the Soviet Union at a time when the capitalist world was in crisis led many Western intellectuals to view the Soviet system favorably. As the Great Depression ground on and unemployment soared, intellectuals began unfavorably comparing their faltering capitalist economy to Russian Communism.

More than ten years after the Revolution, Communism was finally reaching full flower, according to New York Times reporter Walter Duranty , a Stalin fan who vigorously debunked accounts of the Ukraine famine , a man-made disaster that would leave millions dead. Soviet Russia was at first happy to help these immigrants settle, because they believed they were victims of capitalism who had come to help the Soviet cause.

However, when the Soviet Union entered the war in , most of these Germans and Finns were arrested and sent to Siberia, while their Russian-born children were placed in orphanages. Their fate is unknown. Spain had a relatively isolated economy, with high protective tariffs and was not one of the main countries affected by the Depression. The banking system held up well, as did agriculture.

By far the most serious negative impact came after from the heavy destruction of infrastructure and manpower by the civil war, — Many talented workers were forced into permanent exile. By staying neutral in the Second World War, and selling to both sides, the economy avoided further disasters. By the s, Sweden had what America's Life magazine called in the "world's highest standard of living".

Sweden was also the first country worldwide to recover completely from the Great Depression. Taking place in the midst of a short-lived government and a less-than-a-decade old Swedish democracy, events such as those surrounding Ivar Kreuger who eventually committed suicide remain infamous in Swedish history. The Social Democrats under Per Albin Hansson formed their first long-lived government in based on strong interventionist and welfare state policies, monopolizing the office of Prime Minister until with the sole and short-lived exception of Axel Pehrsson-Bramstorp 's "summer cabinet" in During forty years of hegemony, it was the most successful political party in the history of Western liberal democracy.

The World Depression broke at a time when the United Kingdom had still not fully recovered from the effects of the First World War more than a decade earlier. The country was driven off the gold standard in MacDonald wanted to resign, but King George V insisted he remain and form an all-party coalition " National Government ". The Conservative and Liberals parties signed on, along with a small cadre of Labour, but the vast majority of Labour leaders denounced MacDonald as a traitor for leading the new government.

Britain went off the gold standard, and suffered relatively less than other major countries in the Great Depression. The effects on the northern industrial areas of Britain were immediate and devastating, as demand for traditional industrial products collapsed. By the end of unemployment had more than doubled from 1 million to 2. About , unemployed men were sent to the work camps, which continued in operation until In the less industrial Midlands and Southern England , the effects were short-lived and the later s were a prosperous time.

On Contact: The Coming Collapse of the American Economic System with Richard Wolff

Growth in modern manufacture of electrical goods and a boom in the motor car industry was helped by a growing southern population and an expanding middle class. Agriculture also saw a boom during this period. Hoover's first measures to combat the depression were based on voluntarism by businesses not to reduce their workforce or cut wages.

But businesses had little choice and wages were reduced, workers were laid off, and investments postponed. The intent of the Act was to encourage the purchase of American-made products by increasing the cost of imported goods, while raising revenue for the federal government and protecting farmers. Other nations increased tariffs on American-made goods in retaliation, reducing international trade, and worsening the Depression.

In , Hoover urged bankers to set up the National Credit Corporation [] so that big banks could help failing banks survive. But bankers were reluctant to invest in failing banks, and the National Credit Corporation did almost nothing to address the problem. By , unemployment had reached The final attempt of the Hoover Administration to stimulate the economy was the passage of the Emergency Relief and Construction Act ERA which included funds for public works programs such as dams and the creation of the Reconstruction Finance Corporation RFC in It is important to note, however, that after volunteerism failed, Hoover developed ideas that laid the framework for parts of the New Deal.

Shortly after President Franklin Delano Roosevelt was inaugurated in , drought and erosion combined to cause the Dust Bowl , shifting hundreds of thousands of displaced persons off their farms in the Midwest. From his inauguration onward, Roosevelt argued that restructuring of the economy would be needed to prevent another depression or avoid prolonging the current one.

New Deal programs sought to stimulate demand and provide work and relief for the impoverished through increased government spending and the institution of financial reforms. During a "bank holiday" that lasted five days, the Emergency Banking Act was signed into law. It provided for a system of reopening sound banks under Treasury supervision, with federal loans available if needed. The Securities Act of comprehensively regulated the securities industry.

Although amended, key provisions of both Acts are still in force. The Agricultural Adjustment Act provided incentives to cut farm production in order to raise farming prices. It forced businesses to work with government to set price codes through the NRA to fight deflationary "cut-throat competition" by the setting of minimum prices and wages , labor standards, and competitive conditions in all industries. It encouraged unions that would raise wages, to increase the purchasing power of the working class. These reforms, together with several other relief and recovery measures, are called the First New Deal.

Economic stimulus was attempted through a new alphabet soup of agencies set up in and and previously extant agencies such as the Reconstruction Finance Corporation. In the spring of , American industrial production exceeded that of and remained level until June In June , the Roosevelt administration cut spending and increased taxation in an attempt to balance the federal budget. Industrial production fell almost 30 per cent within a few months and production of durable goods fell even faster. Unemployment jumped from As unemployment rose, consumers' expenditures declined, leading to further cutbacks in production.

By May retail sales began to increase, employment improved, and industrial production turned up after June Social Security remained in place. Between and , federal expenditure tripled, and Roosevelt's critics charged that he was turning America into a socialist state. Keynesianism generally remained the most influential economic school in the United States and in parts of Europe until the periods between the s and the s, when Milton Friedman and other neoliberal economists formulated and propagated the newly created theories of neoliberalism and incorporated them into the Chicago School of Economics as an alternative approach to the study of economics.

Neoliberalism went on to challenge the dominance of the Keynesian school of Economics in the mainstream academia and policy-making in the United States, having reached its peak in popularity in the election of the presidency of Ronald Reagan in the United States, and Margaret Thatcher in the United Kingdom. The Great Depression has been the subject of much writing, as authors have sought to evaluate an era that caused both financial and emotional trauma.

Perhaps the most noteworthy and famous novel written on the subject is The Grapes of Wrath , published in and written by John Steinbeck , who was awarded both the Nobel Prize for literature and the Pulitzer Prize for the work. The novel focuses on a poor family of sharecroppers who are forced from their home as drought, economic hardship, and changes in the agricultural industry occur during the Great Depression. Steinbeck's Of Mice and Men is another important novella about a journey during the Great Depression. Margaret Atwood's Booker prize-winning The Blind Assassin is likewise set in the Great Depression, centering on a privileged socialite's love affair with a Marxist revolutionary.

The era spurred the resurgence of social realism, practiced by many who started their writing careers on relief programs, especially the Federal Writers' Project in the U. A number of works for younger audiences are also set during the Great Depression, among them the Kit Kittredge series of American Girl books written by Valerie Tripp and illustrated by Walter Rane , released to tie in with the dolls and playsets sold by the company. The stories, which take place during the early to mid s in Cincinnati , focuses on the changes brought by the Depression to the titular character's family and how the Kittredges dealt with it.

An American Girl was later released in to positive reviews.

Great Depression

The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins , whose book The Great Depression is credited with formalizing the phrase, [] though Hoover is widely credited with popularizing the term, [] [] informally referring to the downturn as a depression, with such uses as "Economic depression cannot be cured by legislative action or executive pronouncement" December , Message to Congress , and "I need not recount to you that the world is passing through a great depression" The term " depression " to refer to an economic downturn dates to the 19th century, when it was used by varied Americans and British politicians and economists.

Indeed, the first major American economic crisis, the Panic of , was described by then-president James Monroe as "a depression", [] and the most recent economic crisis, the Depression of —21 , had been referred to as a "depression" by then-president Calvin Coolidge. Financial crises were traditionally referred to as "panics", most recently the major Panic of , and the minor Panic of —11 , though the crisis was called "The Crash", and the term "panic" has since fallen out of use.

At the time of the Great Depression, the term "The Great Depression" was already used to refer to the period —96 in the United Kingdom , or more narrowly —79 in the United States , which has retroactively been renamed the Long Depression. Other economic downturns have been called a "great depression", but none had been as widespread, or lasted for so long.

Various nations have experienced brief or extended periods of economic downturns, which were referred to as "depressions", but none have had such a widespread global impact. The collapse of the Soviet Union , and the breakdown of economic ties which followed, led to a severe economic crisis and catastrophic fall in the standards of living in the s in post-Soviet states and the former Eastern Bloc , [] which was even worse than the Great Depression.

The worldwide economic decline after has been compared to the s. The causes of the Great Recession seem similar to the Great Depression, but significant differences exist. The previous chairman of the Federal Reserve , Ben Bernanke , had extensively studied the Great Depression as part of his doctoral work at MIT, and implemented policies to manipulate the money supply and interest rates in ways that were not done in the s. Generally speaking, the recovery of the world's financial systems tended to be quicker during the Great Depression of the s as opposed to the lates recession.

If we contrast the s with the Crash of where gold went through the roof, it is clear that the U.

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Both currencies in and were the U. Where we have experienced inflation since the Crash of , the situation was much different in the s when deflation set in. Unlike the deflation of the early s, the U. In terms of the stock market, nearly three years after the crash, the DJIA dropped 8. Where we have experienced great volatility with large intraday swings in the past two months, in , we have not experienced any record-shattering daily percentage drops to the tune of the s. Where many of us may have that '30s feeling, in light of the DJIA, the CPI, and the national unemployment rate, we are simply not living in the '30s.

Some individuals may feel as if we are living in a depression, but for many others the current global financial crisis simply does not feel like a depression akin to the s. From Wikipedia, the free encyclopedia. This article is about the severe worldwide economic downturn in the s. Timeline of the Great Depression. Causes of the Great Depression. This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.

May Learn how and when to remove this template message. It has been suggested that this section be split out into another article titled European banking crisis of Great Depression in Australia. Great Depression in Canada. Great Depression in Chile. Great Depression in France.

Economic history of Greece and the Greek world. Great Depression in India. Economic history of the Republic of Ireland. Economic history of Italy. Great Depression in Latin America. Great Depression in the Netherlands. Economic history of Portugal. Great Depression in South Africa.

Economic history of Spain. And the great owners, who must lose their land in an upheaval, the great owners with access to history, with eyes to read history and to know the great fact: And that companion fact: And the little screaming fact that sounds through all history: Comparisons between the Great Recession and the Great Depression. Great Depression portal s portal. Principles of Macroeconomics 3rd ed.

US Bureau of Labor Statistics. Civil War to the Present. Archived from the original on Archived from the original on May 17, National Climatic Data Center. Retrieved April 5, Journal of Monetary Economics. Historic Events for Students: The Great Depression Volume I ed. Worlds together, worlds apart: Barnes, The European world: The Results of a Survey on Forty Propositions. Economics in the Long Run: New Deal Theorists and Their Legacies, — University of North Carolina Press. Essays on the Great Depression. Federal Reserve caused Great Depression". The New York Review of Books.

Archived from the original on April 10, The Creature from Jekyll Island: A Second Look at the Federal Reserve.

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Journal of Money, Credit and Banking. Practice and Principles — analysis of history of margin credit regulations — Statistical Data Included". New England Economic Review. The American Economic Review. The American Economic Association. Journal of Economic History. Kantorovich, Joan Robinson, Paul A. Foundation for Economic Education.

Retrieved October 23, Ludwig von Mises Institute. Retrieved October 24, Gold dates culled from historical sources, principally Eichengreen, Barry The Gold Standard and the Great Depression, — Money, Gold and the Great Depression". Archived from the original on March 10, The Slide to Protectionism in the Great Depression: Who Succumbed and Why?. Journal of Economic History, 70 4 , — The Journal of Economic History. Hodson, Slump and Recovery, — London, , pp. What Was the U. S-1 December , Boj. Archived from the original PDF on January 17, Louis Federal Reserve Bank collection at Stlouisfed.

Bernanke, "The Macroeconomics of the Great Depression: World population and production: Women in Nazi Germany. Women in France Since The Meanings of Difference. Young Working Women in a Depression-era City, — University of Toronto Press. Bean, "'To help keep the home going': Journal of the Hoosier Folklore Society 34 2 pp 17— Reflections on the Moral Economy of Deflation. This book should be read by anyone who profess to believe that Jesus Christ is the Son of God and is a citi.

Hitching Their Wagon to a Falling Star. This reveals a clear lack of vision for the majority of those in the black community and a pattern of hitching their wagon to a falling star. Their argument for racism being prevalent is attached to an event or person and any disagreement with the rhetoric that falls from the mouths of th. One Year Ago, Thanks. Three years ago, I began seeing a lot of what all those people I thought were crazy were talking about.

The value of the dollar plunging. A devastating economic crash that was on it's way. Seeing each part of this nefarious plot unfold, hearing Soros brag about the economies he has collapsed and how his lifelong goal is to collap. Greece has had a reprieve from the European nations that went out on a limb and funded a second bailout. The only option if the nations had declined was for Greece to pull out of the Euro and continue on using their currency which at this time is pretty worthless. Here's the background on this second bailout.

First, it comes with an agreement for the Greek government to increase the austerity measures that have been in place since the first bailout. Keep in mind that Greece's unemp. I am not a finance expert, I do not have stocks, bonds or even a retirement plan. Since we do not know the actual time that the economy will completely collapse we don't know if we have a month, a year or five years left. Most experts are projecting as the year of the dollar collapse. Some believe we have a couple of years and I've even heard one that seems to believe we have five years left. So what do we do with money if of course you are lucky enough to have any before th.

Skin in the Game. You have to understand that I am a hapless amateur when it comes to a lot of things prep-wise. I have spent the last two years learning and doing stuff I never thought I'd do. I've helped in harvesting read: I've built a greenhouse from scratch, no kits involved. I've retooled a shed into a large coop, built a massive pallet based coop and yesterday I skinned my first raccoon. This coon was responsible for killing the fir. I want more people I know, and many I don't to be preppers.

I want more people to know what to do for two reasons: One, because I don't want to see anyone starving, lacking medical attention or in need. And two, because selfishly? Once in a while, the stores in our area put on a great sale on veggies that can't be beat. The tuberous root veggies when placed in a cool, dry, dark place begin sprouting roots that can be propagated into new plants and hence, new veggies. These veggies include my personal favorite, the potato and many others that I've never eaten willingly but will have to when there is no other choice.

The infamous words are on the copy of "The Hitchhikers Guide to the Galaxy". Unfortunately, people do panic. The recent incident recounted at Walmart where the CC machines went down caused panic when customers could not purchase their items. Imagine what would happen if the outage was not for 90 minutes, but for a full day or a week or in a SHTF situation where it is likely to become permanent.

And events at Walmart again where mobs were kicking, pepper-spraying and inj. Don't Forget to Laugh. With all the seriousness and urgent issues we face with an impending economic collapse our everyday reading and learning has changed. In the last year though, I have built four chicken coops,. If you've read the article detailing the difficulties that the people in Greece are going through you are getting a glimpse at what it will be like in the US of A soon. The idea that a parent could abandon their child is difficult enough to understand.

The fact that they feel they have no other choice is even harder. In Greece, parents are leaving their newborns and toddlers at schools or hospitals. Many of us can't fathom deserting our children. In extreme circumstances, where the. So many things are up in the air. Israel vs Iran, Soros' mutual fund is now officially private so we won't know what he is buying or selling in bulk, Obama is in full gear to get reelected and to weaken or eliminate the remaining three or four rights we still have in the Bill of Rights.

For the second time in our history, American citizens, by virtue of being dubbed 'enemies' can be detained indefinitely without trial, charges or any rights whatsoever. For the first time in histor. It wasn't too many years ago that George Carlin did a bit on the words you can't use on television. I've never been one to intentionally use any of those words and I get disappointed when comedians, movies and other shows have to resort to using them in the name of entertainment.

You can be entertained without foul language. Now it seems we are being revisited by the ghost of George Carlin on the internet. It wasn't too long after the 08 elections that it leaked out that the CIA and. There are ramifications I just didn't quite understand with the utter collapse of our economy. There will be consequences I didn't consider. Now I know there isn't much of a chance of that happening.

I didn't realize how many major cities, towns and areas are on grids run by coal-fired plants. In the last piece, we saw that there are those who will call us crazy regardless of what is going on around them that points to the truth of what we are saying about the inevitable collapse of the US Dollar. We also saw that there are a lot of things happening right now that verify that "crazy" is not as crazy as we once thought.

We face two devastating crisis events that are coming soon, one is the threat of food hyper-inflation, the other is the collapse of the dollar. The other impending crisis event that is coming is the collapse of the US Dollar. Because the currency has not collapsed in the lifetime of the ignorant majority, they believe it is not possible and that it won't happen.

There are a few facts that they should, but will not consider. He has engineered the collapse of countless currencies all ove. I've been called crazy before.