Are we in the Next Great Depression?

Have we begun "The Next Great Depression?"  Personally, I think we are in what will ultimately be a Great Depression, and we have crossed the threshold (10%+ GDP drop) that makes this offically an economic depression.  But will things get as grim as this video depicts?  I'll let you decided.  This is a really depressing comparison between our world today, and the Great Depression of the 1930's.