How is it a depression? It's nothing more than a recession that could turn into a depression if we're not careful.
That's how I look at it.
we are living through a depression. the silent depression.
bitcoin makes the invisible visible
https://blossom.primal.net/1339042769d6f7560fe35f82d3b90a7783da592ae6d14304ca2a319fec46abee.mp4
Discussion
If you are looking at purchasing power and the real effects of debasement, it’s horribly worse and easily a depression.
Despite whatever nominal fiat metrics say