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Link: http://www.fallofamerica.com
The nucleus of both the Great Depression of 1929 and Our Depression of 2008 was the financial markets. Stock market shenanigans in '29, sub-prime mortgage abuses in '08.
In both cases, excessive greed by the insiders, the elite, the moguls, the ruling class, whatever you want to call them, was the reason for the economic collapse. Too much rape and pillage of the common man, joe sixpack, the little guy and the system ran out of money.
The big difference is the approach to getting ourselves back on track. In 1929, FDR created "make work" projects, which paid the unemployed for doing work that may not have been necessary. The classic example would be to hire person A to dig a hole, and person B to fill in the hole. Even if that was 100% the case, 100% of the time, I find it better than the 2008 solution of bailing people out by giving them money for having screwed up.
While they both have merit (up to a point) in putting money back in the economy there are two significant differences. One: In 1929 the money went to the little guy, the worker. In 2008 in went to the the bankers, the financiers, the brokers. Two: The message in 1929 was that if you worked, you got paid. This is an enormous part of self-confidence and feelings of self-worth. The 2008 message was that if you were rich and screwed things up, the government would throw money at you. And allow you to take bonuses for having done "such a good job." Not only does it breed resentment within the working class, it breeds an sense of entitlement in a group of people who are failures...as human beings and as corporate executives.
What happened to the American work ethic? Listening to ESPN radio while at work, is not working. If you were my employee, you'd be fired on the spot. There's far too much political correctness and far too little common sense.
Here's the important thing. You need to see this video (trailer below)...it's an amazing collection of facts, opinions, educated guesses, and most importantly, survival tips. Because, my friends, with the clowns that are in charge of things today, we haven't seen anything yet. Our economy is on its absolute last legs. So watch the trailer of The Fall of America and the Western World and decide for yourself...are you willing to bet your future on those who are in charge of our country's financial policies? Because, if you're not, you owe it to you and your family the get this tape. To do nothing is to risk everything.