We continue our analysis of the Great Depression and the striking similarities between the rhetoric and policies adopted then and the rhetoric and policies we are witnessing today. The government’s heavy-hand in attempting to “save” the economy and to “do something,” created the Great Depression. It is therefore, of great concern to The Kapital News that another Great Depression, if not the Greatest Depression, is now underway. History, in our opinion, is to be studied and taken seriously. Why? Because as the saying goes, those who do not understand history, are doomed to repeat its mistakes. And if we analyze what the government and the Federal Reserve have been doing over the last few months, and will continue to do for the foreseeable future, then we are repeating these mistakes of the 1920s and 1930s, to the Nth degree. Perhaps, “this time will be different,” but we think not. The only difference is likely to be that this time will unfortunately be worse. However, when a nation lives well beyond its means for generations, then what would one expect on the other side whence the pendulum comes swinging back? Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Depression #USA #Bailouts #Debt #Gold #Congress #EndTheFed