The mainstream media have been trying to dispel the notion that we’re entering a second Great Depression, although people aren’t buying it. Eerily, we’re witnessing the convergence of events similar to the first Great Depression. The crash of the markets combined with environmental disaster: tornadoes, flooding, extreme heat and drought. Most recently, in Arkansas, Texas and Oklahoma, cattle ranchers have been forced to sell off their cattle, which will create skyrocketing beef prices next year. And see the massive dust storm over Phoenix yesterday:
Maybe another depression is upon us. History, however, never repeats itself. This time around, unfortunately, things could be much worse. In the 1930s, the US was a major creditor and manufacturing nation. Today, we’re a debtor and importer nation. American debt has reached unbelievable proportions. And because the Obama regime has been printing money like a Third World country for the past two years (cui bono?) and will continue to print money in the foreseeable future, our dollar may soon become worthless; inflation is already upon us. Add to this the fact that both legal and illegal immigration are driving down American wages — a phenomenon which people like Obama and Michael Bloomberg want to exacerbate — and not to mention that both legal and illegal immigration are creating an enormous burden for taxpayers and causing other problems. Things indeed look bad. Perhaps the recent outbreak of Mexican gang drug wars along our border and violent black flash mobs are a sign of times to come. Will the US survive?