The New Age Depression

When will this 'meltdown' that had into a 'slowdown' and now about to be named 'recession' will be called a 'depression'?

The comparisons with 1929 are inevitable. But there is a crucial difference: then the US currency and almost all other currencies were on the gold-standard. During the Great Depression, taking them off the gold-standard, turning them into fiat currencies and reducing their value alone boosted the economy very much, as the hoarded money was dumped again into circulation to prevent the reduction in wealth. However, this trick wont work now, because all the currencies are now by fiat. Hence, governments are going to try the only way they are comfortable with: flooding us with more printed money.