RECESSION/DEPRESSION "It's worse than the 1930's"

BRITAIN faces an economic crisis WORSE than the Great Depression of the 1930s, Schools Secretary Ed Balls has warned.
And he admitted it could last for FIFTEEN years — and change the “political landscape”.

Mr Balls — long regarded as Gordon Brown’s closest ally — said we have been hit by “the most serious global recession for over 100 year. n a speech to Labour activists, Mr Balls declared: “I think that this is a financial crisis more extreme and more serious than that of the 1930s.

It looks like a world war is gonna be the only way out of this depression, as the jobs created by deploying people to war and then the subsequent jobs created to rebuild countries/cities destroyed by war is in mine and my nan's opinion the only way we will get out of this depression.

However who will start the world war will be left unknown, North Korea and their nuclear weapons, or Russia and their continued problems with Georgia boiling over into something bigger. The only problem we would have is that technology is so much greater than the last world war, that cities/countries can now be completely wiped out by nuclear bombs and it really does lead to worrying times.