General Discussion

cascadiance

(19,537 posts)

5. Even though probably more people in the depression were living on "nothing"...

Tue Aug 26, 2014, 07:17 PM

Aug 2014

... and going from farm to farm, etc. to look for work to survive, I'll bet that in today's world, people are far more in to debt (since it is "allowed" today) that puts them more in "debt slavery" today than they were during the depression. It would be interesting to find some statistics to make that comparison. Haven't had a chance to read Piketty's book on Capitalism just yet, even though I picked up a copy recently at Costco, and wonder if it gives some of those stats.

This graph would seem to indicate that. For all of those wingnuts ranting about our government debt, they should be shown this graph to show which "debt" is really the big problem that should be brought DOWN!

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2008 Meltdown Was Worse Than Great Depression, Bernanke Says [View all] kentuck Aug 2014 OP

It was intentional. SamKnause Aug 2014 #1

I know some like to think so, but it wasn't. That doesnt mean they didnt exploit it once it happened stevenleser Aug 2014 #7

You must not have read this, especially what the FBI man said. Octafish Aug 2014 #21

I don't have to read 3rd hand articles. I've talked to several folks in the industry here in NYC. stevenleser Aug 2014 #23

How can you claim to be a reporter when you won't even get a second source, stevenleser? Octafish Aug 2014 #24

I have half a dozen sources who I talked with personally... stevenleser Aug 2014 #26

The people who warned the US government were ignored by the US government. Octafish Aug 2014 #28

Anyone Wall Street installs as our President will do the same as Obama did, "Look forward, Dustlawyer Aug 2014 #38

And now it's Austerity for America and Planetwide, too. Octafish Aug 2014 #39

The bank fraud was intentional. AdHocSolver Aug 2014 #34

That is a classic lesson one learns in civics courses Samantha Aug 2014 #27

not if u were one of the corporations that raped the nation with dems/repubs assistance nt msongs Aug 2014 #2

Of course it was worse gratuitous Aug 2014 #3

THIS..!! dixiegrrrrl Aug 2014 #11

That's what crooks (republicans in general) do, point B Calm Aug 2014 #14

Twenty pound sledgehammer hifiguy Aug 2014 #17

And they gave themselves a bonus. Octafish Aug 2014 #25

+1 leftstreet Aug 2014 #40

K & R !!! WillyT Aug 2014 #4

Even though probably more people in the depression were living on "nothing"... cascadiance Aug 2014 #5

Having some stabilizers put in as checks to build a floor doesn't negate TheKentuckian Aug 2014 #19

Then it's a good thing we threw all those bankers in jail, and re-regulated the banking industry. tclambert Aug 2014 #6

Isn't it nice that the bankers learned their lesson and they won't do that again? Autumn Aug 2014 #8

One significant difference..... A HERETIC I AM Aug 2014 #9

What savings? n/t Hestia Aug 2014 #12

No one you know has a savings account? A HERETIC I AM Aug 2014 #15

People with bank savings accounts are losing money every day with connivance of the Fed. AdHocSolver Aug 2014 #33

Look...No deposit account went from X to zero during the financial crisis.... A HERETIC I AM Aug 2014 #35

The response of the government was merely to bail out the crooked bankers. AdHocSolver Aug 2014 #41

:::erp:::: A HERETIC I AM Aug 2014 #42

under the noses of repugs samsingh Aug 2014 #10

He should know Man from Pickens Aug 2014 #13

Alan Greedspan was probably the engineer of the thievery movement Dont call me Shirley Aug 2014 #16

He was an acolyte of Ayn Rand hifiguy Aug 2014 #18

They both were Man from Pickens Aug 2014 #22

Then why didn't more of those fockers... Whiskeytide Aug 2014 #20

Because they knew that THEY wouldn't be paying for the losses. FiveGoodMen Aug 2014 #30

Exactly... Whiskeytide Aug 2014 #31

This was one of Bernanke's great flaws as Fed chair KamaAina Aug 2014 #29

That SOB should go into exile. For gross malpractice. Demeter Aug 2014 #32

surprised that no one's said this yet, but, redruddyred Aug 2014 #36

Mr.Bernanke silenttigersong Aug 2014 #37