Everything we learned about the Great Depression in school seems to be happening, are we headed to a depres'n?

Question

With banks failing, over extended credit... wasn't that some of the causes of the Depression?

Answer 1

We're certainly heading for trouble in a major way, only I can't see us getting through it easily.

We're overpopulated too, and there is always someone willing to do something cheaper - greed over cheap luxuries for everyone has contributed to that one, along with ease of credit.....

Just when you need a loan, you can't get one at a reasonable rate - if at all.

Things are going to become interesting, or a little scary.

Answer 2

Right now, we're in what's called a repression, and if it keeps up then yes, we will most likely see another depression. :-(

Answer 3

As sad as it is, I don't think so.  If we could just get control of the oil prices we would be fine.

Answer 4

sadly it seems we are because as george carlin wisely said consumption its the new national pastime **** baseball its consumption yo watch this its heehawlarious

http://www.youtube.com/watch?v=kJ4SSvVbh...

and sadly it nails the truth on the head in more ways then 1

Answer 5

Exactly except it's happening out of order which means the Government has learned to plan ahead to try to avoid the inevitable.

Answer 6

I think we are.  I don't care what the press says, I see it all around me.  My friends are losing their jobs left and right and most people I know can't afford to drive anywhere.  There aren't new jobs to replace the old ones.  They won't declare a recession or depression until it hits the rich people harder.  Us little people don't count.

Answer 7

two words SOCIAL SECURITY

it's not likely