GOLD and DEBT: The 1929 Great Depression vs The Next Great Collapse

Sunday, August 28, 2016
By Paul Martin

By: Steve St. Angelo, SRSrocco Report
GoldSeek.com
Sunday, 28 August 2016

The situation Americans face in the future will be nothing like anything they have experienced in the past. While we have seen old footage and heard stories about the Great Depression (starting in 1929), we have no idea how bad things really were during the 1930’s.

At that time, approximately 25% of the American population were farmers. Thus, when things really got bad, folks in the cities could move out and stay with their families or relatives on the country farm. This is not an option for most Americans today as only 2% of the population are farmers and ranchers (source).

After WWII, Americans left the farms in large numbers for the allure of the great life in the cities and suburbs. For decades, living in the city or suburb offered Americans a much easier way of life as the United States had plenty of cheap energy and resources to tap into.

Matter-a-fact, after the 1930’s Great Depression, U.S. oil production continued to increase for nearly 40 years:

The Rest…HERE

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