Wednesday, July 9, 2008

Great Depression 1930s, New York

Photograph of a Breadline in New York City During the Great Depression
Depression: Breadlines: long line of people waiting to be fed: New York City: in the absence of substantial government relief programs during 1932, free food was distributed with private funds in some urban centers to large numbers of the unemployed. (Circa February 1932)

"Then in June-July 2008, the markets will seem to go crazy to with chaotic rises and falls, mad speculation and panic.
For a short time, it might appear that the US dollar will maintain it's hegemony as the international currency of choice, but from August onward, the US dollar's real value drops steadily and rapidly, dragging down all currencies that are dependent on it. A new "Great Depression" will become obvious to even the most common of people in the industrialised nations".

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