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Comparatively what has happened in the last few years is likely WORSE than the 1930's depression and it's only because "safeguards" were put into place that the whole thing didn't take a total dive already.
A slow disintegration is taking place over a period of years as opposed to a year, but in reality we are in a depression.
However, it's possible to get out of it but major changes in global business and banking laws would have to be enacted and enforced. No more wall street casino etc...
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