The Humungous Depression

The cabal will keep dragging out this depression until we, the people declare a debt jubilee and restore our value as shareholders; in peace

sentinelblog

Source: The Burning Platform blog

We are not in a recession. We are in a depression, and have been since the turn of the century.

Guest Post by Robert Gore at Straight Line Logic

Economic depressions unfold slowly, which obscures their analysis, although they are simple to understand. Governments and central banks turn recessions into depressions, which are preceded by unsustainable expansions of debt untethered from the real economy. The reduction and resolution of excess debt takes time, and governments and central banks usually act counterproductively, retarding necessary adjustments and lengthening the adjustment, and consequently, the depression.

If one dates the beginning of a depression from the beginning of the unsustainable expansion of debt that preceded it, then the current depression began in 1987. Newly installed chairman of the Federal Reserve Alan Greenspan quelled a stock market crash, flooding the financial system with fiat liquidity. It was a well from…

View original post 803 more words

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