Is It So Strange A Comparison?
Circulated from 1923 until 1945, Der Stuermer was a weekly, Nazi newspaper used to spread propaganda and incite hatred.
The New Statesman is a British left wing magazine published weekly in London.
After nearly a decade of optimism and prosperity, the United States was thrown into despair on Black Tuesday, October 29, 1929, the day the stock market crashed and the official beginning of the Great Depression. As stock prices plummeted with no hope of recovery, panic struck. Masses and masses of people tried to sell their stock, but no one was buying. The stock market, which had appeared to be the surest way to become rich, quickly became the path to bankruptcy.
. Since many banks had also invested large portions of their clients' savings in the stock market, these banks were forced to close when the stock market crashed. Seeing a few banks close caused another panic across the country. Afraid they would lose their own savings, people rushed to banks that were still open to withdraw their money.
Q. A major factor that deepened the Great Depression was the Smoot-Hawley Act, which helped set off a global trade war as each nation rushed to protect its own domestic market. But today, it's unlikely we will repeat that mistake. So doesn't that imply a less severe decline?
A: Yes, it does. However, today there's another kind of economic war brewing: The U.S. and much of the world depend much more heavily on international capital than they did in the 1930s. This reliance on foreign capital has not been a major issue as long as we had continuing growth. But in a global economic decline, there's a real danger that each nation will scramble to grab back as much of its capital as possible to help rescue its own sinking economy. If so, we would see an international bidding war for capital, driving real interest rates sharply higher and sending the global economy into a deeper decline. http://www.marketoracle.co.uk/Article7996.html
John Maynard Keynes Suggests New Economic Theory.
It was only a year ago that the world was looking over a precipice and Britain was in danger. I knew that unless I acted decisively and immediately, the recession could descend into a great depression with millions of people's jobs and homes and savings at risk. Gordon Brown, 2009.
1936 Spanish Civil War Begins.
2003 Iraq War Begins
In addition to the above are more general but still scary aspects of The UK scene today and Germany of the 1930s. The massive loss of freedoms to an undemocratic State and EU centre, the loss of decent and strong opposition. The growing menace of a police force more concerned with the state than the people. The list is endless. How will it all end? I've no idea but it is usually in tears. As for the MSM. Such wisdom, smugness and punditry. Did they foresee the economic crash? Do they discuss the climate scam or the new World Order. Nope, bought out, like so many. That or blackmailed.
As I have said before, 2010 seems very like 2009! Or is it the 1930s?