We are NOT anywhere near a depression!

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Personal Income from 1929-1940

Nothing remotely like this is currently in the cards.

It was the last gold standard collapse.

The US gold standard was abandoned domestically in 1934.

Personal Income from 1940-1945

Nothing remotely like this will happen this time around.

World War II deficits exceeded 20% of GDP annually.

Currently Personal Income is muddling through with flat to modestly positive gains month over month.