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Posts Tagged ‘wall street journal’

Check out the graph and article below, this is very eerie indeed.  It is what we have been warning about and amazing how close we are following 1937.  Make sure you have prepared, food, supplies…  It certainly looks like a cliff we are headed toward.  I hope not, but we must prepare ourselves, our families, so we can help others when it happens…

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Doomsday Clocks: Are We Heading for Another Great Depression?

Is America heading toward another Great Depression? The answer may not be a definite “yes” or “no,“ but rather an eerie ”maybe.”

In yesterday’s Wall Street Journal, Donald Luskin laid out an argument for why, should we continue on our path, America might be poised to repeat the mistakes it made that lead up to and perpetuated the Great Depression. In other words, if history is a great teacher, we could be its worst students.

What may allow the “history repeats itself” cliche to ring true, he says, is the expiration of the Bush-era tax cuts and a renewed aggression toward trade via a recent amendment to the Smoot-Hawley Act — a union favor: both “doomsday clocks” with a deafening tick-tock, tick-tock.

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