Is America Close to New Great Depression?
Heisenberg
2012/07/17 20:00:00
|
|
|||||
|
390 votes
|
|
80% | |||
|
99 votes
|
|
20% | |||
Richard Duncan, author of "The New Depression: The Breakdown of the Paper Money Economy," says that America is experiencing a new type of "Great Depression." Do you agree with him?
CNBC.COM reports:
CNBC.COM reports:
The risk of a new depression — a sustained, severe recession — has struck fear into the heart of markets and driven monetary policy in developed economies since the current financial crisis began.
Read More: http://www.cnbc.com/id/48193471
Sources please.
There wasn't enough hand outs to go around.
I haven't talked to any that 'starved to death' ether, they were dead.
All those people are hungry.
http://www.digitalhistory.uh....
Who really knows how many starved in the rest of the country, but there surely were some.
who are they going to blame if it happens ?
VOTE AMERICAN THIS FALL !!!!
Spending used to be 80% of our economy. Many folks can't spend.
Many other folks that can spend, won't out of fear of tomorrow.
Capitalism only works when money changes hands for all goods & services.
http://www.huffingtonpost.com...
Being a single parent, and back in those days it was almost taboo to be that way, I can remember things that the normal person would not remember.
I can remember how gas was rationed, try that now and you would have mobs all over the place, I can remember when milk was rationed, beef, pork, even chicken being rationed.
About a year ago we were up in the attic of the house and was going through things. I ran across the payment book for moms Lincoln...a whopping $26.47 per month and the house payment book being at $31.50.
I remember mom working for Boeing where she was a tester for the engines of the B-52's. I still have a clay model of one.
It was not an easy time to be bringing kids in the world and not many kids were being born, with the war going on and wives working to help make ends meet...for those kids that can remember what it was like in the 1940's.
Today we rely on the government to supply more and more. I really believe that many people today could not survive the 1920's, 1930's, 1940's 1950's or 1960's.
Ask a kid from the ages of 8 to 30 the following questions...of course don't expect an honest answer...COULD YOU SURVIVE WITHOUT THE FOLLOWING...COMPU...
Being a single parent, and back in those days it was almost taboo to be that way, I can remember things that the normal person would not remember.
I can remember how gas was rationed, try that now and you would have mobs all over the place, I can remember when milk was rationed, beef, pork, even chicken being rationed.
About a year ago we were up in the attic of the house and was going through things. I ran across the payment book for moms Lincoln...a whopping $26.47 per month and the house payment book being at $31.50.
I remember mom working for Boeing where she was a tester for the engines of the B-52's. I still have a clay model of one.
It was not an easy time to be bringing kids in the world and not many kids were being born, with the war going on and wives working to help make ends meet...for those kids that can remember what it was like in the 1940's.
Today we rely on the government to supply more and more. I really believe that many people today could not survive the 1920's, 1930's, 1940's 1950's or 1960's.
Ask a kid from the ages of 8 to 30 the following questions...of course don't expect an honest answer...COULD YOU SURVIVE WITHOUT THE FOLLOWING...COMPUTERS, CELL PHONES, CELL PHONES THAT TEXT, VIDEO GAMES, BOOM BOXES IN YOUR CARS, BOOM BOXES IN YOUR HOMES, TELEVISIONS, I am willing to bet that 6 out of those 8 the kids could not live without....you choose the ones,.
That's hope and change for ya.
My question is that what's going to happen then: Communism, Communism Incorporated, or global poverty? Many people on here are afraid of the threat of a "Liberal Elite" taking over, but what about a private elite who effectively convince the citizens to privatize everything so they can use their money to control it all? After a while, you too will be living in a high-rise where you work for the factory underneath, sending your kids to a school that focuses on training them only for a trade while leaving arts, sciences, and the other intellectual fields of academia for the children of the elite; all while having enough money to afford a sandwich during your lunch-half hour into your 13 hour work day. And I'm convinced that in this country, it won't be the government who controls it all but rather the children of those who convinced us all that "the freer the markets, the freer the people" (I am convinced that the govt. will stand by idly at the whims of lobbyists and lawyers to ensure that no laws are enacted that would be even remotely pro-worker.) Of course I suppose either of this is better than the alternati...
My question is that what's going to happen then: Communism, Communism Incorporated, or global poverty? Many people on here are afraid of the threat of a "Liberal Elite" taking over, but what about a private elite who effectively convince the citizens to privatize everything so they can use their money to control it all? After a while, you too will be living in a high-rise where you work for the factory underneath, sending your kids to a school that focuses on training them only for a trade while leaving arts, sciences, and the other intellectual fields of academia for the children of the elite; all while having enough money to afford a sandwich during your lunch-half hour into your 13 hour work day. And I'm convinced that in this country, it won't be the government who controls it all but rather the children of those who convinced us all that "the freer the markets, the freer the people" (I am convinced that the govt. will stand by idly at the whims of lobbyists and lawyers to ensure that no laws are enacted that would be even remotely pro-worker.) Of course I suppose either of this is better than the alternative of us living in filth on the street, but our founding fathers didn't make the sacrifices they made so that we can be enslaved to institutions, public or private.
The bottom line is that we need to meet somewhere in the middle if we're going to get out of this mess, not the extremes of two sides. The right needs to quit being so anti-tax and work to make real reforms with the tax code that are advantageous to all Americans, not simply advantageous to the interests that control them (in addition to being more pragmatic with their support for defense spending.) The left needs to develop some common sense strategies relating to immigration reform, the size of government (especially from a workforce perspective), and certain regulatory standards that prohibit smaller businesses from being genuinely competitive in the United States. There is significant income inequality in this country and it is ruining us like it did during the Great Depression, but we shouldn't need the government to come in and force "wealth redistribution" to level the playing field; either the "job creators" need to bring their off-shored jobs back home or we need politicians who are going to put economic nationalism before the special interests of MNCs. I would really, really, really, really, really, really prefer the former occur before the latter. Why? Because it would demonstrate that common sense dictates the notion that you don't need laws and rules for everything.