Wednesday, December 12, 2012
The Great Depression Boom and Bust in America
The recession started because the market was saying NO, we must stop consuming our wealth and stop borrowing what we cannot repay. I do think governments managed to stop a worldwide depression in 2008. However, only by continuing to consume the little real wealth that we have left. Thus, in some years the problem is going to be many times worse, and it already is. Let's hope it's only our children who have to deal with that, eh.
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A good propaganda film that distorts the truth. If you know anything about economics, this film makes you shake your head. Shame on those who made it. Makes FDR out to be a savior, Hoover to be a moron...all by not telling the whole story of who did what and why. I call b.s. on this video and not worth anyone's time.
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