Many still think that the Great Depression started in 1929, it did not. It was 1931, and had its beginnings in the events of September of that year. Loans made to governments which could never be repaid, reparation defaults, banks crashing, Credit Anstalt, governments in turmoil, coalition in this country. I am afraid that the reactions to the events surrounding Lehman Brothers have not been sorted.
This will soon become a catastrophe of mammoth porportions. This will be not the Great Depression Mark II, this will be the First Great Global Depression. The like of which has never been seen before, but there will be another. This is fast becoming 'The End'.