Did this just trigger the beginning of another Depression?

From Tom Dyson in Palm Beach Daily:

Casey Research analyst Justin Spittler recently interviewed Palm Beach Research Group publisher and founder Tom Dyson. Below, Tom foreshadows a major economic crisis just around the corner…

Casey Research: You believe we’re headed for an economic catastrophe. Why?

Tom Dyson, founder, Palm Beach Research Group: Most people don’t know it, but the collapse of a tiny Austrian bank called Creditanstalt in the ’30s triggered the Great Depression.

I think a similar event has already started today.

Casey Research: How was a default in a tiny European country able to send America into Depression?

Tom: So much of finance comes down to confidence and trust. And that’s because finance is about promises. Promises to pay or deliver something in the future in return for something now.

Think about it. A stock is a piece of paper that’s nothing but a claim on a company’s…



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