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Tiandao Talk - Live Clips 2023.06.30
💥💥💥 2023.06.30 Live Broadcast on the CCP’s Version of the Great Depression, Part 1
The severity of the U.S. Great Depression shows that the CCP’s Great Depression will be even more terrifying.
During the Great Depression, 85,000 businesses in the U.S. went bankrupt, and the peak unemployment rate exceeded 26%. Including children, approximately 34 million people in the U.S. had incomes close to zero. The average wage dropped from $681 in 1929 to $495 in 1933. On a macro level, the U.S. national income plummeted from $81 billion to $41 billion, nearly cut in half. Industrial output fell by 47%, and real GDP declined by 30%. The stock market value on the New York Stock Exchange crashed by 89%, nearly half of all U.S. banks failed, and over 9 million savings accounts were wiped out overnight.
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