How bad was the Great Depression? Over the four years from 1929 to 1933, production at the nation’s factories, mines and utilities fell by more than half. People’s real disposable incomes dropped 28 percent. Stock prices collapsed to one tenth of their pre-crash height. The number of unemployed Americans rose from 1.6 million in 1929 to 12.8 million in 1933. One of every four workers was out of a job at the Depression’s nadir, and ugly rumors of revolt simmered for the first time since the Civil War.
- Great Myths of the Great Depression

It's repeating but it doesn't rhyme, because now the Great Satan is history's worst ever debtor and gold is no longer used as money.

Another year and YET MORE increases in the Great Satan's share prices. YTD Doug Noland's Credit Bubble Bulletin reports:

S&P500 up 2.2%,
Dow up 2.1%, and
Nasdaq up 2.9%.

It's been noted for some time that the tech shares are the main component of these rises. Yet neither Amazon or Tesla even pay a dividend. As Peter Schiff points out that makes them Ponzi schemes, where you hope to find a "greater fool" willing to buy them off you for a higher price. This isn't so much Irving Fischer's "permanently high plateau as an absurd bubble. So policies are now being implemented to deal with the bubble excess, which is just a symptom of the HUGE and unpayable debt.

Just as the Great Depression saw the "dust bowl" lead to higher prices, today we have bird flu as the latest excuse for rocketing egg prices. Both krapto-currencies and AI are wasting HUGE amounts of energy. Stimmy-checks have been issued to maintain high prices. In Poodleville each household got £400 credited to their electricity bill. During the Great Depression crops were trampled, even as the amerikan sheeple suffered deprivation. However, as Michael Mosley pointed out in his documentary, "Eat, Fast and Live Longer", the average life expectancy increased by six years.

Roosevelt secured passage of the Agricultural Adjustment Act, which levied a new tax on agricultural processors and used the revenue to supervise the wholesale destruction of valuable crops and cattle. Federal agents oversaw the ugly spectacle of perfectly good fields of cotton, wheat and corn being plowed under (the mules had to be convinced to trample the crops; they had been trained, of course, to walk between the rows). Healthy cattle, sheep and pigs were slaughtered and buried in mass graves. Secretary of Agriculture Henry Wallace personally gave the order to slaughter 6 million baby pigs before they grew to full size.

The Great Depression followed the "Roaring Twenties" bubble when many made big gains speculating on shares before the Great Crash of 1929.

Instead of the Smoot-Hawley tariffs, we have war criminal, The Donald's, illegal tariff war. The Great Satan has blocked the appointment of judges at the WTO just as its threatened and now sanctiond judges at the International Kangaroo Kourt, which has only ever prosecuted african leaders and president Putin for the non-crime of taking in ukrainian child refugees. The propaganda rags point out that tariffs are inflationary. But usually they offset one policy with another. In other words, the amerikan sheeple should expect policies that impoverish them so that they can't spend such as widespread unemployment. That's certainly the policy in Poodleville, with Rachel Reeves hike of national insurance, the exact opposite of what she promised, the only twist is that instead of tariffs, the far more drastic Brexit has been imposed.

The crowning folly of the Hoover administration was the Smoot-Hawley Tariff, passed in June 1930. It came on top of the Fordney-McCumber Tariff of 1922, which had already put American agriculture in a tailspin during the preceding decade.
. . .
The act raised the rates on the entire range of dutiable commodities; for example, the average rate increased from 20 percent to 34  percent on agricultural products; from 36 percent to 47 percent on wines, spirits, and beverages; from 50 to 60 percent on wool and woolen manufactures. In all, 887 tariffs were sharply increased and the act broadened the list of dutiable commodities to 3,218 items. A crucial part of the Smoot-Hawley Tariff was that many tariffs were for a specific amount of money rather than a percentage of the price. As  prices fell by half or more during the Great Depression, the effective rate of these specific tariffs doubled, increasing the protection afforded under the act.

And the tariffs started during war criminal, The Donald 1.0 transitioning through war criminal, "Genocide Joe" Biden:

Commenting decades later on Hoover’s administration, Rexford Guy Tugwell, one of the architects of Franklin Roosevelt’s policies of the 1930s, explained, “We didn’t admit it at the time, but practically the whole New Deal was extrapolated from programs that Hoover started.”

That bubble, in turn, started after WW1, which was started to impose the inherently fraudulent jew-confetti on the planet at the Genoa Conference in 1922, whereby only the Great Satan and poodle could print jew-confetti out of thin-air, which other nations were supposed to hold as their FX reserves instead of gold.

That was implemented in 1925, but by 1931 there was a run on the Poodle in exchange for gold; credit for money.

The scam was repeated in WW2, even before the war had ended at Bretton Woods in 1944, except only the Great Satan was allowed to print the jew-confetti out of thin-air. 

But by 1960, the Great Satan was already bankrupt. Attempts to peddle a fraudulent currency that could not be redeemed, the Special Drawing Right, was again inherently fraudulent. But nobody was buying it. France sent a war ship to cash in dollar bills for gold. The poodle also tried but was told to Victoria Nuland off.

Both krapto-currencies and AI are clearly designed to waste energy in order to increase prices, even as Poodleville now has "warm banks" where the elderly can go to keep warm.

Perhaps the most radical aspect of the New Deal was the National Industrial Recovery Act, passed in June 1933, which created a massive new bureaucracy called the National Recovery Administration.
. . .
The man Roosevelt picked to direct the NRA effort was General Hugh “Iron Pants” Johnson, a profane, red-faced bully and professed admirer of Italian dictator Benito Mussolini. Thundered Johnson, “May Almighty God have mercy on anyone who attempts to interfere with the Blue Eagle” (the official symbol of the NRA, which one senator derisively referred to as the “Soviet duck”). Those who refused to comply with the NRA Johnson personally threatened with public boycotts and “a punch in the nose.”
. . .
A New Jersey tailor named Jacob Maged was arrested and sent to jail for the “crime” of pressing a suit of clothes for 35 cents rather than the NRA-inspired “Tailor’s Code” of 40 cents.
. . .
They roamed through the garment district like storm troopers. They could enter a man’s factory, send him out, line up his employees, subject them to minute interrogation, take over his books on the instant. Night work was forbidden. Flying squadrons of these private coat-and-suit police went through the district at night, battering down doors with axes looking for men who were committing the crime of sewing together a pair of pants at night. But without these harsh methods many code authorities said there could be no compliance because the public was not back of it.

Firstly, its yet more confirmation that the era of the jew-confetti "worthless paper" USD is dead. This is what the money-changers started both World Wars for and at the cost of tens of millions of lives each time.

Secondly, it came after five centuries of the poodle empire of plundering, which included 350 years of enslaving Africans. So this is a BIG change where both Melon Husk and the pothead war criminal announced that the sheeple would have to "live within our means", or as max. Kiester said, post-Brexit the sheeple would have a "subsistence" standard of living.

War criminal, The Donald 2.0, is making it obvious that he wants other (non-thieved) nations to invest and create jobs for the "Amerikan Patient"; useless, drug-addled, slug-brained dimwits, used to a cushy life on white privilege.

As insurance Russia, China, Free Korea and Iran have all advertised their hypersonic missiles including nuclear tipped, highly manoueverable, MIRV ICBMs. So it's check-mate and the Anglo/Jew gangsters have lost. But then they always knew this day would come. Their only concern at the time was that they get rich parasiting off humanity, even as the Great Satan and poodle both admit they are breeding themselves dumber and dumberer, their industry is off-shored and they're now history's worst ever debtor, having defaulted in the biggest default in all of history in 1971, when war criminal, Nixon, defaulted on gold.