We don't have data on individual city basis but it really looks like the housing collapse price collapse--that we're going through now is on a magnitude not paralleled since The Great Depression of the 1930s.
我们没有每一个城市的数据,但是看起来似乎房价真的崩塌了,价格崩塌-现在我们正经历着,自从三十年代大萧条以来,史无前例的衰退。
General Electric ironically was started right after the Great Deleveraging of 1873 that was the bubble before the depression that was just like this one.
通用电气则恰好是在1873年,对冲基金拆仓后产生的,而那正是萧条来临前的泡沫时期。
But then the U.S. crashed into a huge well actually it was as worldwide recession of 1981-2.This was the biggest recession since The Great Depression.
但是之后,美国卷进了一个巨大的,事实上,是个世界范围内的经济衰退,于1981-1982年,这是自从大萧条以来,最严重的一次经济衰退。
And then we contribute to this great deception and it is this great deception that leads to the great depression-- the great depression in the ultimate currency of happiness.
就这样我们帮忙壮大了这个大骗局,正是这个大骗局导致严重的抑郁-,严重的抑郁是快乐付出的终极代价。
The third is in all likelihood the New Deal, the Great Depression, the incredible emergencies and crises of what governments owe their people and people owe their governments that the Great Depression caused.
第三个时期是罗斯福新政时期,大萧条时期,难以置信的非常时期,此时 政府亏欠人民,同样人民也亏欠政府,这一切的危机都是大萧条所造成的
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