The unescapable parallels between what happened in the 1930's Great Depression and NOW

This was a compelling series of three videos taking diaries kept in the 1930's Great Depression that contradict what the historians write. I provides unescapable parallels with what seems to be unfolding in 2020 going into 2021.

Does This 90 Year-Old Diary Predict The Next DEPRESSION?!

CATEGORY: FOOD

August 1931: People are growing their own vegetable gardens for food Soup kitchens become overrun, there are sometimes 7 mouths for 1 available bowl Starvation is now common The Government has been paying farmers to destroy their livestock and produce at a time when our children are starving. I saw some farmers today pouring gallons of milk into the river Farm animals are slaughtered and disposed of in pits. Cotton and wheat ploughed back into the soil. While people were starving, the government was trying to boost the prices of our exports I just heard from the butcher that the animals at the zoo have been slaughtered for food, he has some of the meat Even though the trees are loaded with fruit, it will go to waste because the fruit cannot be sold. At the same time, thousands are starving CATEGORY: HOUSING

After a rapid increase in prices, houses that were purchased just two years earlier, now sell at less than half of their value at public auction, there are no buyers in sight The owners seem shaken. They know they must get a sale or they will lose the house to the bank We’ve seen a mass exodus from the city to farms and rural locations. The people that got land early, were able to work the land and feed themselves and their families. Many who stayed in the city, waiting for Government relief, starved to death Vacation resorts were hit the hardest. People expected them to recover after a year or two, but many of the hotels still remain empty There are empty homes everywhere. Even though families need housing, people simply have no income in order to pay rent The banks seem to own every other house right now, they hold it on their books for better days Construction of residential property is down 80% Investors have started to demolish their own real estate to avoid paying the high taxes to the Government CATEGORY: UNEMPLOYMENT

This entry is from Benjamin Roth:

The effects of mass unemployment were not felt straight away. Then all of a sudden the response was rapid, car sales dropped by 25% in 1-month alone. Manufacturers who were over-stocked with large overheads began to lay off even more workers People didn't have money to buy food or pay their bills, and businesses couldn't pay their employees, it became a vicious cycle We are told today that unemployment is now at 25%. This means that 75% are still working, but very few that I know have a job. It's the same in the next City along Wages have crashed down as much as 50% as people are willing to work for whatever they can get these days Most people now only work on alternative days and the best case I've seen is a 25% cut in wages, Most people will agree to any working conditions now, just so they can buy food 1931: 75% of the workforce are now on part-time hours Well educated people including those with university degrees have been out of work for years now, they will take any job they can find School teachers have not been paid in months Florida and California hit really hard Armies of unemployed march towards the capital for relief The army was constantly called in to dispel protesters and rioters. They use bayonets & teargas and even burned down a shanty town to dispel the people to leave. With nothing to lose, the protestors slept in the streets November 1933: The NRA plan is failing and employers are laying off staff (The National Recovery Administration) 1938: We’re told that unemployment has gone back to 20% again. The cycle has started all over again Dance Marathons:

The popularity of dance marathons began in 1923. Initially, participants competed in order to break the 27 hour record, but later on people began to compete to win prizes which could range from money to publicity

Dance marathons were a huge hit during the Great Depression as they provided contestants and spectators food, shelter and the opportunity to earn cash prizes, at a time when many people needed a meal and free entertainment I just heard today that a man collapsed and died on the dance floor after dancing for more than 80 hours straight 00:00 - Opening 02:15 - Housing 11:09 - Food 15:46 - Unemployment 22:55 - Dance Marathons 25:00 - Conclusion

Great Depression SHOCKING Financial Corruption!

BANKS/FINANCE December 1930: the bank of the United States (a private bank with no actual government status) collapses in what was the largest bank failure in US history at the time, freezing some $200 million in depositors funds Prices are falling rapidly and the dollar buys you a lot more today than it did a couple of years ago, the problem is, there is no money in circulation March 1930: Long lines of people can be seen withdrawing their deposits from the bank today, the bank officials look scared, (then a few days later): No bank withdrawals are allowed today, they are doing an audit they tell me. Everything will be back to normal on Monday the manager has just told us all in line. At home, the president is on the radio and tells us not to panic, all is well The banks cannot allow withdrawals anymore because the money is no longer there. The banks explain that they lent the money to people for mortgages and businesses which they can no longer collect upon. This is due to homes being in the negative & business at a standstill, there is no hope, how will we ever escape this trap? Bank holidays are used as a way to stop people withdrawing money. 

Entry 1: Without warning, all banks, which are not even connected to one another, restrict withdrawals to 5% of balances! This all occurred on the same day. I’m told this has happened not just here, but across many Cities! It’s hard not to think suspicious thoughts. Entry 2: It has come to light that The 5% withdrawal restriction was passed into law in a secret meeting… I am starting to lose all faith in our Government. But anyone who deposits new money in the bank may withdraw on demand There was constant restructuring of the banks with broken promises, constantly going back to freezing withdrawals even of the accounts that had recently deposited money! Cash is King, if you have cash you can buy assets like stocks for pennies on the dollar, the problem is that very few people have any cash Cash is the only thing that talks these days, no checks or credit are accepted, anywhere There is no money in circulation anywhere. Scrip is now used in place of money in most major cities since cash is so hard to come by July 1933: there is yet again another criminal case against some bankers in the newspaper today. The investigation shows that the officers manipulated the figures in the financial reports and made loans to themselves for speculation without collateral At the same time, other bankers were promoting and selling their stock just the day before it collapsed, taking vast profits but leaving those who had bought the stock bankrupt as it crashed to being worthless - (according to the report, they sold these worthless stocks to those with very little money to begin with) More and more banking corruption comes to light on a weekly basis There were breeches in integrity everywhere, lawyers and bank officials were the main culprits. The bank officials were stealing people's money to live luxuriously with their family, while children on their doorstep were starving. What have we become? Have we really fallen so far from God's grace? March 1930: Our banks are collapsing at an ever-increasing rate, taking the depositors money along with them, 20% of the banks we’re told, have already collapsed August 1931: The panic starts to set in as the banks closed their doors with depositors money inside October 1931: dozens of banks start to combine into larger banks as they consolidate power After 2 years, people's money at the bank is still frozen, yet the banks are open for new business! Banks closing every single week, (March of 1933) almost every single bank in the country has now closed April 1934: The banks start to remove restrictions on deposits frozen for over 3 years. People can finally get access to their now devalued money again

Are We Going Into An Even Great Depression?

In 1938: Benjamin Roth made this entry into his diary which I found to be most profound on a MACRO level, here it is: *After 8 years of pump-priming and other trick methods of bringing back prosperity, it is my conclusion that none of them are any good. In our capitalistic system we must let the forces of competition as well as demand and supply work things out in a natural way. No man or group of men is smart enough to control prices or the supply & demand curve* BUSINESS

Business is dead and even the big department stores are empty We’re already seeing this now, except this time around, this is a Government led assault against businesses Small businesses go bankrupt first and very quickly, usually within the first 3 years. The big stores held out for a lot longer because they had more access to lines of credit Big companies received government loans but there was nothing for small businesses this is why the small businesses collapsed so easily The President insists that it’s the right thing to do. He says people cannot be paid so little for their work The President's plan has ended in disaster. The higher wages resulted in reduced hours and eventually more layoffs GOLD CONFISCATION

March 1933: Banks have been ordered to turn in all gold March 1933, gold ownership is now illegal, the Government will pay $20.67 per ounce 100 million US Dollars in gold is returned in the first 2-days over fear of arrest After my gold was confiscation in March of 1933 under Executive Order 6102, it was then revalued from $20.67 per ounce up to $30.00 per ounce, this was theft by any other name To add to the injustice, the Government has just devalued the dollar, this has caused a rise in food prices and riots ensue The Government threat of shame and punishment was a bluff, no one has been shamed or tried to my knowledge No action was taken against gold hoarders - very unfair! GOVERNMENT & MEDIA

1929: The magazines and newspapers are full of articles telling people to buy stocks, real estate and other assets at these runaway prices. Update Note 1931: Many of the people that took the advice of these newspapers are now bankrupt and lost over 80% of their money The Government tries to pay off its debt by printing money. Prices sky rocket and violence breaks out because wages don’t keep pace When the government printed money, prices went up 40 to 100%, but wages remained the same! The Government fooled us again. I now realise I must understand the mysterious world of the bankers to have any hope for the future... A number of anti-free market policies came about fixing and increasing wages. The minimum wage of $7.50 per week for a department store clerk went up to $14 per week… layoffs were inevitable 1933: The Government plans are not working: money printing, putting money into the hands of people, buying bank bonds, making business loans with printed money - none of it has worked MENTAL HEALTH & VIOLENCE

Suicide among prominent business men is on the increase There are now constant riots, suicides, and mental health issues as a result of many people losing everything Tempers are short and there is constant violence due to anger and hunger 1932: hold-ups and murders are now an everyday occurrence, home invasions are common and you cannot walk the streets after dark POLITICS

History repeating: President Hoover blamed the financial crisis on greedy people buying stocks and thought nothing of people’s spending habits and production going overseas November 1932: Democratic candidate, Franklin D Roosevelt wins presidency offering the New Deal to the people Groups of hundreds of people are trucked into Ohio, Pennsylvania and West Virginia in order to disrupt the memorial day celebration - violent clashes ensue. No one knows who paid for these people to travel Oct 1941: The great effect of President Roosevelt's plan is wearing off rapidly. Despite many of the feelings that it was just a ploy to get votes, we now know for a fact Radical socialism is the order of the day in March 1934 with demands from the people to the Government for work as well as debt forgiveness! With greater prosperity, radical talk diminishes. People want the government to have less control of their life since proving incompetent

Prepaussie discusses the great depression of 2020

 Great Depression 2020 

ALASDAIR MACLEOD - US Economy Has Been In A Slump Ever Since The Great Financial Crisis

The US Economy has already been in collapse since the great financial crisis, and what happened this year has brought us to a point where it is no longer irreversible. The FED cannot reduce inflation rates.

Australia heading into recession

There is considerably more candour in this article than the entirety of the NZ media.

How to survive a recession: Expert tips for your finances

We are now officially in the midst of a recession for the first time in almost 30 years. Here’s how to ride out the tough months ahead.

News.com.au,

4 June, 2020

It's official: Australia is heading into recession. The news wasn't unexpected given the devastating impact of the Covid-19 pandemic on the economy. But there could be more bad news on the way.

Australia’s decades-long run of prosperity has come to an end, with the nation entering an official recession for the first time since the 1990s.

The grim news was confirmed yesterday by Treasurer Josh Frydenberg, after it was revealed coronavirus-fuelled panic buying had failed to save us.

Instead, the Australian economy shrunk by 0.3 per cent over the first three months of the year – the first quarterly contraction since 2011.

As if that wasn’t bad enough, national accounts figures from the Australian Bureau of Statistics also showed annual GDP growth slowed from 2.2 per cent to 1.4 per cent.

And while the technical definition of a recession is two quarters of negative growth in a row, that’s all but certain to occur in the June quarter, meaning the “R” word is now inescapable.

FEELING THE PINCH

They are worrying statistics, and it’s no surprise that households are feeling the strain, with a recent Finder survey revealing more than one in three Aussies don’t feel financially prepared in the current climate.

The overwhelming majority are worried about a lack of savings, with job security and the plunging Australian dollar also causing concern.

Almost a quarter of us have had to defer bills or payments due to the coronavirus crisis, while we’ve upped our savings by 30 per cent compared to the beginning of 2020.

Finder’s money expert Bessie Hassan said families were tightening their belts as almost all of us had been impacted in some way since the crisis began.

“Regardless of your current situation, it’s important to safeguard your financial position however possible – every bit counts,” Ms Hassan said.

Prime Minister Scott Morrison is hoping the new HomeBuilder stimulus package will soften the blow of a recession. Picture: Mick Tsikas/AAP

RECESSION-PROOF YOUR MONEY

Ms Hassan said many Australians had asked for a rent freeze and applied for benefits such as JobSeeker and JobKeeper – but she warned these measures “won’t last forever”.

Therefore, it’s essential to transfer any spare cash into a buffer account that you can rely on once the Government assistance ends, or your landlord begins charging rent again.

“Make sure you prioritise your buffer account. It’s tempting to go to the pub or eat out now that restrictions are lifting, but recessions can last for a while – you don’t know what might happen down the track,” she said.

That sentiment was echoed by Dominic Beattie, editor of online financial resource Savings.com.au, who told news.com.au people should build up an emergency savings fund that would cover three to six months’ worth of bills if you experience sudden hardship.

And if you do have savings stashed away, make sure you are getting a competitive interest rate.

“Both AMP and Macquarie Bank are offering 2.26 per cent per annum and Rabobank is also offering up to 2.25 per cent per annum,” Ms Hassan said.

HOUSING COSTS

Both Ms Hassan and Mr Beattie said as housing was one of the biggest expenses most of us faced, now was the time to look into your options.

“If your lease is due to expire soon, consider moving to a cheaper property. Rental prices have fallen significantly during the pandemic, and you can save a small fortune by relocating. Consider moving into a sharehouse to split the rent even further,” Ms Hassan said.

“If you’re a homeowner, refinancing to a lower interest rate can save you thousands of dollars over the life of your loan by lowering your monthly or fortnightly repayments.

“If you’ve been paying above the minimum repayment amount, you may also have the option to access redraw. This can help to free up cashflow if you’re falling behind on your bills.”

Mr Beattie went a step further, and said Aussies shouldn’t be afraid to downsize, or sell their home and rent temporarily.

Fears mount that 

underemployment could 

drive Australia's recession 

deep into depression

Around 2 BILLION people may lose their jobs

Around 2 BILLION people 

may lose their jobs in the 

next couple of months due to 

pandemic

RT,

28 May, 2020

More than half of the world’s workforce (nearly two billion people) risk losing their 
jobs or moving to part-time work in 2020 as a result of the economic fallout from 
coronavirus outbreak.

That’s according to a study by the Boston Consulting Group (BCG), seen by RIA 
Novosti.

“It’s hard to overestimate the radical changes in the global workforce due to the 
crisis caused by the outbreak of COVID-19,” said the report, citing estimates by 
the International Labor Organization that global labor income losses will reach 
$3.4 trillion this year.

In the next two to three months, one out of six people in the world will lose their 
jobs, with the unemployment rate to exceed 17 percent, said the authors of the 
research.

The impact of the crisis on the labor market will vary greatly across industries, 
with those most directly affected by quarantine measures to be hit the hardest. 
According to BCG analysis, more than 80 percent of all the layoffs in the world are 
likely to occur in the non-food retail sector, manufacturing, hotel and restaurant 
business, tourism and construction.

“We expect that the world’s unemployment rate will start returning to balance by 
the end of 2020. However, [the] pandemic has already launched the process of 
long-term structural changes – from flexible and remote work schemes to 
accelerated automation – and these changes will affect up to 1.5 billion jobs over 
the next decade.”

BCG estimates that by 2030, automation will put 12 percent of existing jobs at risk,
and about 30 percent of jobs will require completely new skills.

The study also indicated that more than 10 percent of the global workforce is 
highly likely to work remotely on a permanent basis, while for office workers, the 
figure could reach 30 percent.

BCG said that in order to prevent the collapse of supply on the labor market, 
support measures should be provided by governments – from subsidizing salaries 
and expanding social protection to financial and tax exemptions and temporary 
redistribution of employment.

“In addition, now it is time to prepare for the after COVID-19 future, introducing in 
the next one to three years a common strategy for professional skills, in which retraining will be central,” said the BCG.

https://www.rt.com/business/489352-un-global-human-development-fall/

Of course this is politics and National are trying to pretend 

they could do better. I can tell you that if they were in 

government I would be holding their feet to the fire.

However, the truth is the truth, is the truth

NZ facing largest decline in 

GDP in 180 years

Paul Goldsmith MP

National,org.nz

27 May, 2020

Estimates from the Reserve Bank today show New Zealand will this year 

experience the largest decline in annual GDP in at least 160 years, highlighting the seriousness of the economic crisis we are facing, National’s Finance Spokesperson Paul Goldsmith says.

“The Reserve Bank released its outlook for the economy today in the Financial 

Stability Report which shows that New Zealand is set to face the largest economic 

shock in 160 years.

“Crucially, it illustrates why New Zealand desperately needs sound and responsible

 economic management to save jobs and restore the country’s finances.

“A clear economic plan, a track record of delivery and a competent team is the 

only recipe for providing confidence to households and businesses.

“First and foremost, we need to open up the economy again quickly. That’s hard 

when the Prime Minister and her deputy can’t agree on when to move to Level 1.

“We also need to get cash to small businesses most affected, to save jobs. 

National has already proposed positive policies like a $100,000 GST cash refund 

scheme for businesses and a $150,000 instant asset write-off scheme. 

“This Government has a track record of wasting money on low value for money 

projects - like KiwiBuild, Fees Free or the Provincial Growth Fund - but no record 

of delivering a positive plan for rebuilding the economy.

“Today in the House, Finance Minister Grant Robertson admitted that the 

Government wasn’t using CBAx, a Treasury tool to assess the effectiveness of 

proposals, on any of the billions of dollars currently being spent. 

“Only National can be trusted to deliver on the economy.”