Is there another Great Depression coming soon??

Question

Is there another Great Depression coming soon??

Answer 1

IF YOU INCLUDE ALL UNFUNDED LIABILITIES INTO OUR NATIONAL DEBT  BY 2020 WILL BE 120 TRILLION DOLLARS! BY 2015 (WITH LIABILITEIS) INTEREST PAYMENTS ON THE DEBT WILL BE 1 TRILLION DOLLARS. THATS JUST INTEREST NOT PRINCIPLE! THAT ALSO ASSUMES WE STILL HAVE A BOND RATING OF AAA. WE HAVE ANOTHER HOUSING CRASH AHEAD AND A COMMERCIAL REALESTATE BUBBLE POISED TO BURST. THE REAL RATE OF INFLATION IS 5% AND RISING. THE FED USES FUZZY MATH TO REPORT CPI. SO IF INTEREST RATES START TO RISE AS THEY SHOULD, WE COULD SEE ANOTHER 4 TO 10 MILLION HOMES UP FOR FORCLOSURE. MATHEMATICCALLY AT YEAR END 2015 WE HAVE CROSSED A TIPPING POINT AFTER WHICH IT IS MATHEMATICALLY IMPOSSIBLE TO PAY DOWN THE DEBT. SO A GREAT DEPRESSION IS A FOREGONE CONCLUSION UNLESS YOU BELIEVFE THAT THE GOVT HAS THE POLITICAL WILL POWER TO AXE SOCAIL SECURITY MEDICAARE/MEDICAIDE, hEALTH REFORM, AND DUMPS f***y AND FREDDY EFFECTIVE NOW! ALSO THE DEPRESSION OF THE 1930'S WAS A DEFLATIONARY DEPRESSION IN A TIME WHEN THE NATION HAD A HUGE MANUFACTURING AND AGRICULTURAL SECTORS. WE NO LONGER HAVE THOSE. WHEN THE DPRESSION HIT IN THE 30'S THE AVERAGE HOUSEHOOLD SAVINGS WAS 10% OF HOUSHOLD INCOME AND PRICES PLUMMETED DUE TOI DEFLATION. SO MANY FOLKS COULD STILL AFFORD FOOD FOR A WHILKE. TODAY HOUSEHOLD SAVINGS ARE BELOW 3% OF TOTAL INCOME. AND WE HAVE NO MANUYFACTURING OR AGRICULTURE TO FALL BACK UPON. PLUS THE COMING GRAEAT DEPRESSION WILL BE AN INFLATIONARY ONE IN WHICH PRICES WILL SKYROCKET. BUY GOLD, SILVER, FOOD, GUNS, AND AMMO PEOPLE!