The Robber Barons Are Back — Hide Your Money!
Scott Thill
AlterNet
October 19, 2009
On Oct. 14, the Dow Jones Industrial Average barely passed the 10,000 mark for the first time in over a year.
[efoods]That gave the “green shoots” crowd spasms of joy at the possibility of a recovery from the worst recession to hit America in seven decades. Of course, the last one eventually morphed into the Great Depression lasted at least a full decade, rewired our currency, led to world war, ruined countless lives and set a universal standard for societal implosions.
The fire this time? It’s almost out, say a series of decorated financial experts within and without the mainstream.
But most of them blew the call on the implosion, and are still blowing it today. We are not in Paul Krugman’s Great Recession, or the “deep and long recession” coined by the optimistic National Association for Business Economics. We’re not even mired in Wikipedia’s comparatively boring Financial Crisis of 2007-2009.
No, we’re neck-deep in another Great Depression, which is unfurling into a devaluation nightmare of everything from our lives and currency to, given curve balls like catastrophic climate change and peak oil and water, our very existence.
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