Economic crisis?

Question

who else thinks that we seem to be heading towards another depression?

with the gas prices going up at a steady pace, products are going to become more expensive and people are going to start buying less putting us into another economic crisis.

am i the only person thats worried about this?

Answer 1

I too join you in your worry.  It is going to be a very tough fall and winter.  We are beginning to purchase extra flour, corn meal and such and keeping it in the freezer to extend it s shelf life.....by winter will be down to eating beans and hot dogs.  I also had to tell the orthodontist today that there was just no way that we could afford putting braces on our child at this time, because of the future economy.....I mean $5,000 can buy a great deal of food.  Maybe when the government see's all the people and children who will be starving, and dying this winter, maybe then someone will have the balls to say enough is enough and finally do something about it......we may be one of the wealthiest nations...but that is our government.....not its people.....the poor and the elderly will suffer and many will die this winter.

Answer 2

i dont think you americans are heading towards another 'depression'. depression is a very big word. its more like you guys are heading towards, or are already in, a recession.

theres a big difference in depression and recession.

Answer 3

You should be scared. What people don't know is that every 75 years the U.s goes into a depression. Last time was 1930 so were basically in it right now.In 1970 nixon changed our gold standard to currency so that we can buil up debt wen we need to. Because of the war we are in debt because of debt are value of the dollar fell faster than imagined. Never in the history of the world has a currency ever survived in a economy the differece is that when we changed into a currency we convinced the whole world so if we fall as a nation the rest of the world will.If the U.s dollar keeps falling as it is now and gold reaches 1200 an ounce; we will be in a currency crisis which mean today a soda could be 1.50 2mmor it could be hundreads, thoudsands, millions and even billions of dollars (happened to germany in the 1930's) we are very close to the point of no return.

Thats y u see all those commercials about trade ur gold jewlry for cash; They are making millions

congress and wall street doenst see that because if the value of oil goes up then they invest in that and make millions. Thats why they dont see a recession. Thats why there are more bllionaires than ever. The middle class in the U.S will eventually be wiped out.

What you should do is invest in Gold.sliver.copper.oil

Peple need to get it inthier minds that our dollar is not money its a currency. Gold.sliver etc is money.

Will america bounce back? Possibly but we have to do it now or there is no chance

Answer 4

We're not going into a depression.  Nor are we for sure in a recession.  There is debate over whether we are or not.  Even if we are it doesn't mean that we'll be in a depression.  Things will get better.  I heard a few projections that said that we'll bounce back by end of year.  

http://money.cnn.com/2008/05/16/news/eco...

I think that we'll bounce back.  If I'm wrong I'm sorry.  But I have hope.  The US has been through worse and bounced back.  I think it can get back again. ^^.

Answer 5

Yes. Mr. Alan Greenspan has stated this already. Yes, you are