The recession will become a depression

Then suddenly the economy goes down, or some portion of it slumps, and they suffer financial problems or even ruin.

So, little by little, the skeptics are won over to invest their funds, to take a chance on making more money, for the rebounds are relatively quick and they do not feel too much pain. There is a rebound, for there are still people to be convinced that things will keep going up—indeed, must keep going up. They too must be won over and convinced to overextend themselves little by little. It is a gradual process of boom, then downturn, then bigger boom, then another downturn. And one day, when and his people have prepared accordingly, the downturn will become a recession, the recession will become a depression, and the depression will become the Crash.

Although people are increasingly moving toward a digital or cashless society now, the movement is slow and gradual, with stops and starts, a little here in this place and a little there in that place. Many people are uncomfortable with the thought of a cashless society, one based only upon a computerized card or chip which links them to their invisible wealth. There must speed up the movement toward his cashless society and prove the need for his Mark and credit system. He will use crisis after crisis, one of the crises which he will bring about is that which you have called the crash—the recession of all recessions, the greatest depression man has ever known.

Ted Rudow III, MA