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Crisis may be worse than Depression says Paul Volcker

Paul VolckerCrisis may be worse than Depression… What?! A moment of honesty at last? Many ‘financial experts’, as the corporate media always likes to term them, have been predicting their American recovery moment to begin the last quarter of 2009 or the first quarter of 1010! And now Paul Volcker plays the party pooper?

Of course this depression will be worse than the ’30s. You guys helped destroy the ecology of the Planet with your expansion without soul, Paul. There’s certainly plenty of real work that needs to be done, yet no way to actually do it with a world capitalist economy still in place. So we’ll get unemployment instead. And a trashed out Federal budget thanks to Obama and comrades. Debt, debt, debt….

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