Larouche and the coming American Depression

I was turned on to an interesting website. Larouchepac.com

I watched the video which is very informative but also fairly boring but, the gist of the video is this - The Germany of the 1920's with their overinflated reichmarks looks a lot like the America of today with the gradually devalued dollars vs,. Euro's.

I won't go too deep into this because I don't like pointing out the problem unless I can think of a solution as well.

The solution in my mind is very simple for America (but in no way easy) :

STOP BUYING CRAP YOU CAN"T AFFORD -

and that applies to both people, US. corporations and (sigh) the government.
Too bad our economy is in large part supported now by people buying stuff they can't afford and or don't need.


Anyway, before I start preaching - check out the video if you have an hour and a half to kill. You might learn something.

interesting Article: Housing Slump Worst Since the Depression

Wow, they pulled this article off of CNNMoney.com real quick - luckily there is a wonderful site called google.com - you may have heard of it -that allows you to find things the media would rather 'bury'.

The article: Housing Slump Worst Since the Depression

Yeah, that's right they pulled out the "D" word. And it wasn't just any speculator pulling it out :

"Wells Fargo, which has sidestepped many of the credit and liquidity problems plaguing U.S. mortgage lenders, believes the nation's housing slump is the worst since the Great Depression and is far from over, Chief Executive John Stumpf said Thursday."

That's right a CEO of a major, well-respected bank said it. Oh and the DOW losing over 200 points today - that helped out a bunch too.

'Stow away your luggage in the overhead compartments, and fasten your seat belts ladies and gentleman, it may just be a bumpy ride.'