If Prices Increase On Food, Gas, Housing,?

Question

what will happen here in the U.S. WAR, DEPRESSION, A RIOT?

Seriously, what will happen?

Answer 1

Depression, and riots.

We have the resources the environmentalist need to lighten up and let us build refineries, tap the Alaska oil line, the government should let farmers produce enough crops for America, We should close the boundaries on US for a time and relearn to stand on our own feet. Stop depending on other countries to make everything for us.

Answer 2

A depression of course.  GM just closed 4 of it's manufacturing plants leaving many unemployed, but we are not in a recession or anything!!! Right!!!!  I think people will be too depressed to riot, besides we learned in the 60's those don't help.  People of all classes need to start planning for worse economic times ahead.  Those who think things are just Jim Dandy are in for an awakening.

*Let's add 3000 Continental Airline's workers to the growing list of the unemployed.  Getting better every day!!

Answer 3

obama will happen

Answer 4

A lot of people already believe that we are in a recession due to slowed economic growth over the past few months.  The definition of a recession is, according to the NBER (National Bureau of Economic Research).. 6-18 months

Inflation is a natural part of an expanding economy and increasing money supply.. Although prices have gone up, so have average salaries and benefits like the economic stimulus package.

Many believe that a depression, as malignant as the one in the 1930s, is highly unlikely because of the lessons that we have learned since then.. The 1930s depression was exacerbated because of poor policymaking and resulting deflation of currency.. It's unlikely to happen again, at least that's what top economic advisers believe.

War is already going on overseas.  Price increases are not very likely to cause war.

Riots-- sure... riots take place on a nearly daily basis and as long as people can't afford to pay for food and housing, there will be riots and that is without considering inflation.

Answer 5

One thing that needs to happen is for people to quit abusing the priviledges of having a good supply of all these things.

Driving everywhere, buying a house you cannot afford, eating like a king. It is no wonder there are so many obese people in the U.S.

What will happen is needed. The people here in the U.S. waste far too much and it needs curtailed.

Answer 6

A depression needs to happen because people eat too much?  Read a d**n book before talking CRAZY.  Nothing drastic will happen.  I think food consumption will stay relatively flat, even with higher prices because the demand for food is very price inelastic.  I.e, if price goes up, the quantity demanded does not change much at all.    Gas is a little more price inelastic then food, because, unlike food, gas has a reliable substitute (walking).  So gas prices can and will continue to increase because the quantity demand is dropping less than the price is rising.  That said, revenue is obviously rising.

Answer 7

The prices will have to go extremely high for any real major reaction like a riot.  The US has one of the average household cost for food and gas.  The average house hold spends less than 10% on food, where some countries, especially developing ones, spend about 50%.  

If the house payment gets too much, they sell the house, simple as that.

If our gas a food prices go crazy, then it will affect other countries more, so you could watch what happens in other countries.

Answer 8

I wouldn't doubt if there would be another depression and of course riots. There's no reason for food to be going up, the government is paying farmers to produce less on purpose. There is no shortage of gas we have plenty so that shouldn't be going up either. It's just our government getting rich and getting away with it.