We've only had one depression in modern times: the Great Depression, the worst economic downturn in the history of the U.S. and the industrialized world.
With unemployment at levels unseen since the Great Depression - the worst economic downturn in the history of the industrialized world - one has to be wondering if the country will eventually dip into a major depression.
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get the Skinny on Silver Investing, The Silver Manifesto and, most recently, Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock.