An In-Depth Look at the Economic Depression of the 1930s

The 20th century according to historian Webster Tarpley:

"The unfolding of the current depression is roughly parallel to the development of the world economic crisis of the 1930s. Back then, the depression was triggered when Lord Montagu Norman’s Bank of England sharply raised the British discount rate in September 1929, sucking huge amounts of hot money across the Atlantic from New York to London, and resulting in the fabled US stock market panic of October 1929. That was followed by a European ranking crisis in the summer of 1931, which started with the Kreditanstalt of Vienna, then brought down the Danatbank and the rest of the large German banks, and culminated with the watershed default on gold payments by the Bank of England in September 1931, which destroyed the pound-based world monetary system of that era. The British debacle then provoked a panic run on US banks which accelerated during the 1932 and into the spring of 1933. By the time of Franklin D. Roosevelt’s inauguration in March of 1933, every bank in the United States had shut its doors. The Roosevelt Bank Holiday merely provided legal cover for those stricken institutions.

In Europe and the United States, that previous depression reached its low point sometime during 1933. Then, even though depression continued to grip the planet, there was a modest uptick in economic activity and employment. Working people began to feel they had won a breathing space, and the political climate began to change. Today, with numerous ruling class voices being raised to argue that austerity policies have gone too far and are becoming counterproductive, a similar token, short-term amelioration may be in the works.

In much of Europe, the first years of the Depression were marked by a sharp right turn, with the reactionaries and fascists scoring important gains in a number of countries. Most important was of course Hitler’s seizure of power in Germany in January 1933. By early 1934, as historian Wolfgang Abendroth noted, the advance of fascism - like the advance of austerity today - seemed to be irresistible. Germany, Italy, Portugal, and Austria were under fascist regimes. Hungary, Poland, Romania, Bulgaria, and other Balkan states were civilian or military dictatorships. In England, Sir Oswald Mosley had launched his British Union of Fascists. In France, monarchists, reactionaries, and Fascists had almost succeeded with an armed assault on the Chamber of Deputies on February 6, 1934. A fascist coup had been narrowly avoided mainly because of personal rivalries among the various would-be dictators. But the French government of Daladier had fallen, and the new Doumergue regime included as defense minister Marshal Pétain, the boss of French fascism and spokesman for the underground fascist networks known as the Cagoule and the Synarchie.

The United States, since 1933 under by Franklin D. Roosevelt’s New Deal government, constituted an exception to the general reactionary drift of these years. But the early years of the new deal were unable to prevent a rout of the existing labor organizations due in large part to the colossal numbers of unemployed workers. But, via the middle of the 1930s, in a breathtaking reversal of fortunes, the US labor movement was about to regain the initiative."

READ MORE HERE:
http://www.presstv.ir/detail/2013/05/30/306174/mass-strike-upsurge-of-20142015/

Concentrated Light Energy Beam Weapons Coming Soon!

http://www.infowars.com/epic-lego-star-wars-laser-battle-shows-power-of-civilian-lasers/

Sail Through the Air in Your Flying Machine

http://ca.news.yahoo.com/blogs/geekquinox/may-own-personal-flying-cars-2021-204334790.html

Air Travel Redefined: The Warp Speed of Today

Mach 5.1...the future of personal air travel...every rich guy is going to want one of these: http://ca.news.yahoo.com/blogs/geekquinox/u-military-scramjet-breaks-hypersonic-speed-record-213138420.html

Charlie Brink, the U.S. Air Force's X-51A Program Manager: "All we have learned from the X-51A Waverider will serve as the bedrock for future hypersonics research and ultimately the practical application of hypersonic flight."

This is How Another Part of the World Sees Canada

Read this hilarious rant from a major Sri Lankan newspaper against Stephen Harper and one of his minions:
http://www.dailynews.lk/2013/04/30/fea03.asp