We aren't in a depression.. it's simple to say numbers make it appear we have lost things near the level of the depression, but we are still generating money as a country, corporations, the people, etc.
It's fun to think banks failing is something new... well it is new to our current medias lips, but as
history shows it's far from new, it has happened every year for 30+ years, and almost every year for a 100 years.
Several Super Corporations have failed many times in my life time.. This is even more frequent than banks.
I know the national debt confuses people, it's a big number and hard to understand.. but this should help.
Note the run-up in debt starting in 1942. That's equivalent to $10 trillion today. That pulled the economy out of the great depression and into high gear to win World War II.
For the money to devalue it has to actually be in the economy, not just printed. Being that it has been a slow going process, and they are able to take money out of the economy as it cycles through.... which they have been doing. But no reason to get into details... the graph says it all.
I know it's hard to fathom, but we are already in extreme hyper inflation. Cars really don't cost $10,000's to make, TV's are worth $100's not $1000's.. we aren't set for hyper inflation, we are set for extreme rapid deflation to match us to the "majority" of the world.
Everything you think has fake value added to it because we all extremely over pay for a products that have been paid for 100x times by tons of different people, really hyper inflated everything. The fastest way to make people poor is to make everyones 'shit' worth millions and less, be worth, pennies.
Truly if anyone thinks our Country is headed towards failing to a rubble of nothing, truly... if they think this. And they stay here, they are far more crazy than the people that they claim ignore the truth.