It is a period of time in which peoples standard of living drops significantly....Yes ...yes the economist will come up with all sorts of figures and modules,,,,but the simple truth for the public is THEIR standard of living....
The way one becomes 'wealthy is by producing more than one consumes and saving the difference.
The NET savings in a Capitalistic society provides the 'capitol' to expand and produce.... What we see today is there is NO savings in the system.......
What we have is DEBT.....Trillions and trillions ( Trillion = 10^12) and maybe even Quadrillions (Quadrillion = 10^15) and many say if you add in the derivatives... We may be to the Quintillion level (Quintillion = 10^18)
Just a few years ago almost no heard of money in the trillions and now news casts throw the term trillions around like they were talking about 1000's
What this means is we are living by capitol generated by PAST actions and worst yet we are living on capital 'PROJECTED' future savings....or in other words the DEBT servicing obligations are ALL future 'earnings' from the general public (debt slaves).
Economic depressions are caused DIRECTLY by political intervention in ANY economic system.....They can last for decades....For instance the Soviet Union had a depression that lasted from 1920 until the 1990's ( yes,Communism is a Economic System) and the Chinese had a depression that lasted from the 1940' until 1980... Depressions end when governments 're-marketize' their economies (voluntarily or involuntarily).....That is convert to a market economy from debt to profit...
The big mistake productive individuals make is looking to government (central banks) to solve the problem....
Governments all over the world are now destroying their economy's with the so called Quantitative easing.... which in reality is nothing more than printing (or entering digets in a computor) and dumping MORE debt into the system...
The government is NOT a magic cornucopia... they have NO answers other than dumping more money into the system in the form of debt...The government has NOTHING other than what it steals from society as a whole thru taxes and much worse issuing more debt in the name of we the people.....
As people feel disenfranchised and have no jobs, the continuing 'rule of law' becomes increasingly more restrictive and harsh..... We will see more and more protests that will lead to the military on the streets....in the US the military has enjoyed an almost god like stature with the public.....when they start policing operations and prison operations that will change.....This has happened dozens of timesin history and it ALLWAYS ENDS THE SAME!
Get Gold....Get Sliver....get some long term food storage....get ready for massive inflation....
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