Great Depression is starting ?
Q.What you are witnessing is the beginning of another GLOBAL GREAT DEPRESSION. Japan has had very bad deflation for years now and everyone knows that deflation is what only always happens in GREAT DEPRESSIONS. That GREAT DEPRESSION is spreading and beginning to hit the USA now. What are Americans going to do? How can today's Americans possibly cope with a GREAT DEPRESSION?
A.This earth has a GLOBAL GREAT DEPRESSION approximately every 65 years and we are currently overdue for one. When a GREAT DEPRESSION takes place businesses go bankrupt and the economy more or less zeros out. Then for the next thirty years or there abouts, the economy begins to grow once again and people begin to find jobs. At about the thirty year mark, well, the rich who provide the jobs, are no longer rich enough to provide enough jobs, and a recession with increasing unemployment takes place. Then for a few decades, everything gets done to make the rich richer and more numerous in order for the rich to have surplus money to invest and produce more jobs. But in making the rich richer and more numerous, the tax burden gets swifted off of the rich until the none rich consuminng public and the non rich are all made poorer. Well, when the none rich consuming public, i.e., the working class, working poor, truly needy, are all made too poor they can no longer function very well as consumers and a GREAT DEPRESSION hits. Yes sir ree, this is the start of another GLOBAL GREAT DEPRESSION what the USA is currently experiencing. There exists no way to stop this GREAT DEPRESSION, either, because the rich would have to be made richer and more numerous at the very same time all of the none rich consuming public is also made richer and it is impossible to do both of those at the very same time. Capitalism always goes through cycles. During a depression there are endless bankruptcies, unemployment is sky high, and there is deflation. Basically everythig zeroes out. Then very slowly businesses come back into being and people get jobs. But in about thirty years there are recessions. Recessions always have inflation from not enough goods and high enemployment from not enough jobs, therefore making the rich even richer and more numerous gives them the cash to invest to expand their businesses which produces jobs so unemployment decreases and and that business expansion causes more goods to be produced which drives their prices lower to reduce inflation. The USA has a record breaking three million plus people worth more then a million dollars and the richest one percent of Americans currently own over half of the USA ... that is typical for an economy that has peaked out. Social programs, etc., were cut to hell to make the rich even richer, all kinds of hidden taxes are here to tax to death the non rich in order to make the rich even richer, etc., in order to save our economy. BUT that all caused the non rich who function as the consuming class to not be rich enough to buy the goods being produced, so that sales went to hell and inventories grow too huge producing layoffs. Layoffed people can not buy anything, therefore inventories grow even larger causing more and more layoffs to worsen the problem. The economy will very soon zero out once again in a global great depression and start the cycle all over once again, like it always does. Cutting interest rates always helps in recessions, because low interest rates means the rich can borrow money very cheaply to expand their businesses. But Japan has been in a depression for many years now with very serious deflation and Japan cutting its interest rates to next to nothing has not helped at all, as it is currently not working in the USA. That is because this is the start of a DEPRESSION and like all depression the problem began with sales going to hell, inventories growing forcing layoffs from THE NON RICH CONSUMING CLASS NOT HAVING ENOUGH CASH TO BUY THE GOODS WHICH WERE BEING PRODUCED. Yes, the USA and the entire planet earth is about to having another cyclic GLOBAL GREAT DEPRESSION and there is NO way to prevent it. Capitalism is a grossly flawed economical system that simply has built into it depressions.
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