Get ready, America: Great Depression 2.0

From WorldNetDaily

Author who predicted current crisis shows why it's 'only the beginning' Posted: October 25, 2009 ~ 8:30 pm Eastern © 2009 WorldNetDaily Drawing striking comparisons between the Japanese economy in 1988 and the American economy today, a new book by an author who predicted the current crisis warns it's going to get much worse before it gets better. Vox Day, a WND columnist, asserts in "The Return of the Great Depression," by WND Books, the U.S. is only now entering the early stages of the Second Great Depression. Day presents a fact-rich case, rooted in economic history and time-tested theory, in which he concludes that an economic contraction of very large proportions is presently developing. But he contends that "due to a reactive wave of positive social mood, statistical obfuscation, and understandable denial, it will take about a year for the consensus opinion to cycle through the various scenarios in descending order of optimism before the grim reality finally becomes apparent to even the casual observer." Though the message is stark, Day believes the book is a much-needed antidote to the self-interested optimism of the financial media. [CLICK HERE TO READ MORE]