The best assertion I have read is one that lists the Government as the evil perpetuator of the Great Depression. By none other than the Trade wars. And it makes MORE sense than anything we have ever been taught. If people cant sell what they produce... well, we all know basic economics (I Hope). LOL. So whether the market runs up or down and wether we stomach another recession or not, unless we can't sell what we produce, I don't see a great depression with massive unemployment on the way.
Debt was the trap, but the bankers haven't cashed in yet. It is looking like 2008 will be a blowout year for the world bankers and friends. The criminal cartel ran the scam on us in the 20s/30s and amazingly... we left them in charge! Until we figure that out, we deserve to be fleeced.