News Media & History Repeating

In October, 1929, the stock market crashed and with it began what we all know as the Great Depression, which lasted over 12 years and did not officially end until Pearl Harbor, which brought about America's involvement in WWII and created millions of new jobs through soldiering and munitions building.

For the first 3+ years of this period, the newspapers did everything it possibly could to minimize the coverage of breadlines, tent cities where the homeless & destitute lived called "Hoovervilles" and other human suffering because they believed the Hoover administration lie that the markets would correct themselves, and they felt it was their job to keep public morale up and to do that, you don't cover the day to day Depression in a way that depresses the reader.

By 1932, four years since the market crash, 1 in 4 Americans were out of work and by this point, the newspapers couldn't sweep the Depression under the rug.

History does repeat itself when you compare to how the 21st century corporate controlled media covers this 27+ month and counting Great Recession..  But as we get closer to the 3 year anniversary of the 2008 crash, we start to see slight cracks within the stoic facade of "Recovery".

The following article from Yahoo! news entitled Optimism about future for American youth at all-time low, is one such example... (article in blue font)


"In recent weeks, we've seen indications that Americans are deeply pessimistic about the state of the economy. Now, there's evidence that we're feeling gloomy not just about the present, but about the future too. Just 44 percent of respondents to a new Gallup poll said it was very or somewhat likely that today's young people will have a better life than their parents. 


Fifty-five percent said it was very or somewhat unlikely.


That's the worst response since the question was first asked in 1983... Gallup didn't probe for the cause of Americans' anxieties. But other surveys have suggested that fears about economic globalization--and particularly the movement of jobs abroad--play a large role.



In a recent Washington Post/ABC News poll, just 28 percent of respondents said the economy is getting better, while 44 percent said it's getting worse. A New York Times/CBS News poll came away with a similar result: Twenty-three percent said it's getting better, and 39 percent said it's getting worse. And those surveys were both taken before the release of a government report that found the economy grew by a deeply disappointing 1.8 percent in the first quarter of 2010."

~ When a poll says only 28% think the economy is getting better and 44% say its getting worse, that isn't really the most accurate way to describe the poll's results.   For if 28% say things are getting better (which they are not), then a whopping 72% do not believe they are (and they'd be correct)

We all can agree to disagree as to the cause of this joblessness but it should be apparent to everyone this problem is not going away soon... not even if McDonald's immediately hired 6 Million cashiers and fry cooks.

So how do you know when we really are beginning to recover as a nation and globally?  At least One of the following four things need to take place:

1)  Unemployment lowers; people finding good jobs w. fair to good wages
2)  The housing market stabilizes
3)  Banks begin lending more freely, particularly in mortgages
4)  Gold & Silver drop in value *

* Those commodities are panic buys because the government is devaluing the US dollar so quickly that entering gold or silver is a way to try to protect your life savings so it retains some stability of value.  If/when the dollar stabilizes and strengthens, that will be a very good sign  (this also applies to currencies of various nations who are in a global competition to see who can weaken their currency the quickest)

You won't need to read about 'recovery' on the internet,  in newspapers or on TV to know its real.. Just remember the previously mentioned list.