In the crazy economic times of the 1920s, a new shares system came into effect on wall street. You could buy shares with 10% down and have the rest on loan, however they could demand the rest of the money with 24 hours notice. I can't remember what this is called though!! This meant if a stock was set to rise, you could put $100 down and own $1,000 worth of shares. This made stockbrokers loads for a little while, then the financial giants of the times sneakily sold their shares and demanded payment for all the stock on loan. Nobody had the money to pay for 90% of the stock they owned, so they started panic selling. The value of stocks dropped rapidly, and caused a recession. The rich who owned the shares were laughing, they sold the shares when they were valuable then destroyed their value, and bought them back for basically nothing. They'd made millions (which was a lot back then) and when the stock value increased, they would sell them again and make more.

 

You and I know this as the wall street crash, what I like to call the first recession, because it is the first recession in almost living history, and the first recession since the economic model which we use now became what it is today.

 

There were two more recessions in the early part of the centuary, one after each world war, which apparently were caused by the rich to cause a similar effect but its too mixed up in politics for me to make much of a judgement.

 

The next recession in Britain was in the 1970s. My insane anarchist conspiricy theory is that the recession was caused by unions, not the unions formed due to recession. If this was caused deliberately it can't have gone to plan. I think union bosses wanted to damage the economy rather than destroy it, to show power to the people, then it went out of control.

 

The recession after that was in the 1980s, Thatcher era. The government started to shut down sectors. They shut down coal mines to cause unemployment. The unemployment ristricts the amount of money in the system, giving it more value, and that reduces inflation, with recession a by-product of this.

 

The next recession was in the early 1990s. Not too sure why on that one, couldn't dig much up about it.

 

And the end of 2008 and the start of 2009 shows the start of the deepest recession yet. We know this because we have had quite a few in the past.

 

 

 

Looking back over the past 70 odd years, we've had a recession in the 1990s, 1980s, 1970s, after and during Veitnam, world war one, world war two. That's pretty or much one every ten years or so. Half (some anarchists say all) of these were caused purposely for the gain of wealth by the super rich.

 

 

Its irrelevant if recessions happen or if they are caused.

 

They show the system has failed, the banking system from way-back (1800s I think) hasn't worked, and it will never work.

 

I think we need to change this part of society, money, the very building blocks of our world, so we can all be free from debt and prosper as a whole.