Super iDepression Velocity of Money

The velocity of money in the US has crashed to a third of where it was in 2007, even lower than the Great Depression as of 2011. Money just isn't changing hands in this Super iDepression. With 20% of americans either unemployed or underemployed, and most other americans terrified that they're soon to lose their job who would spend money?

Meanwhile the Federal Reserve and government desperately try to prop up what's left of the economy with printed debt while hemorrhaging dollars to pay for foreign made goods.

As shown in the last chart segment of the Great Depression, this tendency could continue for the next seventeen years! Almost another generation. If the tendency even stabilizes at some level. And it hasn't yet.

Our children might never live in the middle class society that our generation grew up in and knew. The US could become a society like India where 70% of it's population consist of the poor, the poorer and the poorest. George is correct. Catatonic economy is the proper description.

If we can't improve the velocity of money in this country, america is finished.