13-09-16 The 21st century Greater Depression

I remember when I lived in Farmington, CT, a small village, meeting for the first time those, who called themselves "Depression Babies".  For example, the village plumber was a supersmart guy.  I asked him once how he ended up being a plumber.  He said he grew up during the Great Depression, and he ended up dropping out of high school to help provide for the family...  It is likely to be the case again.  A whole geeneration, or more, of lost opportunities.  And by the time the US would emerge from the 21st centuiry Greater Depression, it is likely to be a second tier nation at best... Furthermore, historians hold the Great Depression as one of the main causes of WW II, therefore, the 21st century Greater Depression poses high risks of a global disaster... jz
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We've Got a Billionaire Bailout Society—And the 99% May Never Recover From It In Our Lifetimes
Les Leopold, AlterNet
Our financial system is sucking up the wealth of the nation and using it to cover its losses. READ MORE»
http://act.alternet.org/go/37760?t=5&akid=10936.1117888.uBmKF4