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Date: 2024-07-15 Page is: DBtxt001.php txt00000345

Economics
2012 - The next Great Depression

VIDEO ... The next Great Depression -- Obama's Legacy will be the Collapse of America ... an alternative view of the US economy in 2010 using ideas from the Great Depression of the 1930s

TPB note from 100920
This is an interesting video, and a dire warning to the prevailing economic thinkers and analysts of the capitalist market economy who are addicted to more and more growth ... for no good reason at all. Productivity has improved so there is the capacity for quality of life, but the wealth is now excessively concentrated and not being used to achieve an economy in equilibrium but one that merely creates the maximum wealth, and in the process concentrates this wealth at the expense of everyone else.
Added TPB note 161212
The role of social media in promulgating misinformation is emerging as something of an existential crisis ... and this video is an example of serious dialog based on a very unreliable analysis of the facts. This is not new, but the availability of modern electronic communications makes it much easier to do than in times past. The design of the TVM accountability framework makes it possible to build validity into stories ... something that has always been at the center of conventional accounting, financial reporting and independent audit.
The situation under the Republican administration in the period 2006-2008 was catastrophic job loss ... but during the Obama administration job gains have been positive, indeed one of the longest periods of month by month job gains in US history

The next Great Depression -- Obama's Legacy will be the Collapse of America

Published on Jul 8, 2010

https://youtu.be/M_alFCeNk8Y

PaulRevere2020 PaulRevere2020 Subscribe6,806 Add to Share More 228,380 views 371 53

Economic indicators show the economy is heading into a possible Depression. Out of control debt, plummeting tax revenue and high unemployment will force the United States to either cut entitlement benefits or print money and rise hyperinflation. Either way hard times are coming and those on fixed incomes will suffer the worst. Economic collapse is possible as conditions become unstable across the globe. Obama declares Martial Law and gun confiscation is attempted to quell discontent and unrest.



The text being discussed is available at http://youtu.be/M_alFCeNk8Y
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