How Close Are We to New Great Depression?
Close? We are already there! The real jobless rate in the US when you include people who have been out of work so long they no longer receive benefits is above 40%. That is worse than the depression of the 1930s.
Recession: Your neighbor loses his job.
Depression: You lose YOUR job.
Revolution: The government loses THEIR job!
Recession: Your neighbor loses his job.
Depression: You lose YOUR job.
Revolution: The government loses THEIR job!
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