The Great Depression Online




Why the Great Depression Online?

Simple...

The Great Depression was the seminal financial and economic event of the 20th Century.

Hopes and dreams were shattered.  Millions were ruined.  And left in its wake was a lost decade of unemployment and poverty.

Yet today's conventional wisdom says it could never happen again.

We find this to be intellectually dishonest.  For if something happened before, by definition, it could happen again.

In fact, history is littered with varying degrees of financial manias, panics, and crashes.

In the U.S. there were panics in 1907, 1873, and 1837 -- to name a few --that led to nationwide economic depressions.  More recently, in 1979-80, oil prices spiked and the dollar tanked.  And there was Black Monday, October 19, 1987, when the DOW dropped 22.6% in a single day.

There are many, many more instances of financial panics throughout history that we could name...  

And when we look at today's global financial system, we see many similarities to the conditions that preceded those past calamities -- including the Great Depression.

But could we really be headed for another Great Depression?

We don't know, but we think it's at great peril to dismiss it.

In this regard, the Great Depression Online is written peering through a prism of natural and moral laws. 

We make certain assumption: water boils at 212 degrees Fahrenheit, you can't get something for nothing, and that artificially suppressing the cost of money distorts an economy.

We aren't Cassandra's blindly prophesing doom.  We are merely highlighting the obvious -- pointing out our observations of the increasing instabilities inherent in today's global economy.

We, too, look for opportunities to avoid the financial chaos of the inevitable fallout.

We hope you choose to join us in the adventure.  We believe you will find it extremely interesting, if not extremely valuable.

Learn more about the Great Depression Online here.

The Great Depression Online is published by Direct Expressions LLC.  To learn more about the many exciting publications we offer, please visit www.directexpressions.com.
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