A Piece of Bread Could Buy a Bag of Gold

22 05 2008


For several months now I have been contemplating the U.S. and world economies.  Being a historian, I am very much aware of the hard times that revolved around the Great Depression from 1929 until the start of World War II.  It appears that we are in similar circumstances today.  Many factories are moving to Mexico and other places for cheaper labor.  Large businesses are closing their doors and leaving employees jobless.  Many people are caught with high debt with no way to get out–except to file for bankruptcy (which hurts our society as a whole when someone files bankruptcy).  Homes are being foreclosed, and people don’t have gas money, etc. Read the rest of this entry »