Is the us in for another Great Depression?

Answer 1

December 31, 2008. Yes, there is going to be another Great Depression. We have had many, many recessions, what causes some people to deny there will never be another GD? The argument used against having another Great Depression is that countries such as the U.S. have fail-safes in place. Truth: the only fail-safe in place is printing more money, and that used to work but this time around it can't work. The consumer knows what is happening and refuses to budge. A chain-reaction causes employers and investors to retract, to hibernate and this is what leads the world economy to beyond a severe recession. The facade behind the world of investing has been starkly exposed. The "you never know" syndrome has set in and the worst it gets: the worse it gets. The fact that many economists were unable to detect the U.S. was in a recession for a full-year should also cause skepticism on the part of the consumer - and it has. The "downturn" was downplayed too long and people feel stung. The phrase one hears often now is "there is no bottom." What they are saying now is this is out of their league. But as educated, trained economists they should know. Trying to hide a recession can lead to a depression. What will cause this recession to lead to depression is banks. The money being thrown at them by governments can only barely keep them in existence, and they have already demonstrated they are not about to start lending money again. The collapse of the U.S. economy is eminent. At the current rate of destruction what is currently being hid behind family walls and financial institutions will be wide open on the streets by the end of 2009. In 2010 millions of once middle-class families will be living on the streets. In 2011 the United States government will completely take over all banks and financial institutions in this country. The government will begin to directly lend money to those who survived the storm and are ready to get back in business. It will take two more years for the country to sense a calm in the air, that life is coming back to the economy. The recession that began in 2007 and which led to the second great depression in 2009, will subside in 2013. So today, on the eve of this new year 2009, we are still a full three years from this storm being half-way over us. When it is over there will be no more stock markets as the governments of the world will hold all valuations of remnants left. Capitalism will have suffered a stunning and defeating blow as socialism as the only alternative rises in its place. Life will go on and many people will again find greater joy in living, but it will never be the same, as it was, before 2006. December 31, 2008. Yes, there is going to be another Great Depression. We have had many, many recessions, what causes some people to deny there will never be another GD? The argument used against having another Great Depression is that countries such as the U.S. have fail-safes in place. Truth: the only fail-safe in place is printing more money, and that used to work but this time around it can't work. The consumer knows what is happening and refuses to budge. A chain-reaction causes employers and investors to retract, to hibernate and this is what leads the world economy to beyond a severe recession. The facade behind the world of investing has been starkly exposed. The "you never know" syndrome has set in and the worst it gets: the worse it gets. The fact that many economists were unable to detect the U.S. was in a recession for a full-year should also cause skepticism on the part of the consumer - and it has. The "downturn" was downplayed too long and people feel stung. The phrase one hears often now is "there is no bottom." What they are saying now is this is out of their league. But as educated, trained economists they should know. Trying to hide a recession can lead to a depression. What will cause this recession to lead to depression is banks. The money being thrown at them by governments can only barely keep them in existence, and they have already demonstrated they are not about to start lending money again. The collapse of the U.S. economy is eminent. At the current rate of destruction what is currently being hid behind family walls and financial institutions will be wide open on the streets by the end of 2009. In 2010 millions of once middle-class families will be living on the streets. In 2011 the United States government will completely take over all banks and financial institutions in this country. The government will begin to directly lend money to those who survived the storm and are ready to get back in business. It will take two more years for the country to sense a calm in the air, that life is coming back to the economy. The recession that began in 2007 and which led to the second great depression in 2009, will subside in 2013. So today, on the eve of this new year 2009, we are still a full three years from this storm being half-way over us. When it is over there will be no more stock markets as the governments of the world will hold all valuations of remnants left. Capitalism will have suffered a stunning and defeating blow as socialism as the only alternative rises in its place. Life will go on and many people will again find greater joy in living, but it will never be the same, as it was, before 2006.

Answer 2

well maybe so.it just depends on the government.

Answer 3

im not sure im only in 4th grade but the stock market is going down and up. im gessing that in about 5-20 years.

Answer 4

Yes, if the Stock Market and the financial 'services' industry is allowed to operate without regulation.

Answer 5

Kodak is known for everything to do with cameras. They make high quality camera equipment as well. There are other, better brands, but you cannot go wrong with a Kodak lens.

Answer 6

HFJKHSDJKFHSKJH YES

Answer 7

yes