It Will Be Far Worse Than The Great Depression

An extract:

The reality is that total US debt should be compared to America’s producing sector (“income”). As a percentage of gdp, the producing sector in 1930 was four times the size of the producing sector today. This tells us that the US economic collapse will be far worse than the great depression.

Read the full article.

Related articles:

1. Recession ‘is even worse than feared’: Chancellor predicts steepest slump ever
2. Economic Armageddon: Ladies and Gentlemen, the Double Dip is Here!
3. The Greatest Depression
4. Entering the Greatest Depression in History: More Bubbles Waiting to Burst
5. The Recession Is Over, the Economic Depression Just Beginning

Tagged as: America, collapse, crisis, Economic Crisis, The Great Depression, US, US economic collapse