Tuesday, October 28, 2008

Chronicles Of Depression 2.0: #359: Shadow

So, my post about American Gotterdammerung was far-fetched?

Letter Re: The Depression of the 1930s--Why No Societal Collapse?
The bottom line: If America were to experience a Second Great Depression, given the high level of debt and systems dependence, there would be enormous rates of dislocation and homelessness. And with modern-day immorality and the prevalent "me first " attitude, I have no doubt that riots and looting would absolutely explode.

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