The economy - are we in for a depression?

Question

I dont know much about economics or politics, but do you thinks its possible the way things are going that the US will go into a depression like the 1930's?

Answer 1

Yes this is highly possible and is looking bad on a global scale. Start to stock up on food as it is very expensive and will rise more. We are only at the tip of the iceburg. Wait until it starts for real. The shops are getting so quiet. I work in Retail.

Try this website for some Government truths

www.infowars.com

What the Government doesnt tell you.

Also the fact that we could also be at war. The future looks bleak.

Answer 2

If nothing else, our country learned a lot by the problems of the depression of the 1930's.  I doubt that we'll see things get that bad again in our lifetimes.  Things are getting tough right now and it has been looking like we are treading a fine line towards a recession (not the same as a depression).

It may be possible that the USA may not always be the financial world power that it is now.  If we continue to finance off shores and shipping out factories oversees, our nation will suffer.

You may not be able to fix a nation, but you should help yourself.  I respect people of other faiths and I hope you do also.  The "Mormon" church (The Church of Jesus Christ of Latter-Day Saints) has some good techniques it teaches their members to prepare for times of difficulty.  You may not be Mormon, but these are good practices.  Take a look at http://www.providentliving.org/channel/0... to get more information.

I think its all peace of mind.  Its nice to know that you have means of survival, just in case.  This could be a financial disaster nation-wide or as simple as loosing a job or a natural disaster...  I hope this helps.  I know its a little off what you were asking, but I figured the reason you were asking is that you were getting a little unnerved by what you've been hearing on the news.  Good luck!

Answer 3

i keep hearing from some people it will but most dont agree. the government has set this up so that we pretty much dont see another depression like in the 30's. i think that maybe we will have a depression, but nothing that will make people die off or anything.....if you want someone to talk to email me... i get scared and confused about this stuff [e-mail]

Answer 4

Yes, we are. Simple.

Our Monetary Policy is flawed-that is the way th US's economy is handle Policy flawed. Have you've ever looked at a dollar and wonder what exactly made it worth value? It's just paper right? But surely there's something MORE behind it, right? WRONG! It's just PAPER. No value! It used to be backed in or represent gold and silver, but not anymore. Not since the 70's.

So maybe now you can see where the problem is, but that's just the begining. The dollar isn't back in gold or silver or any kind of real value, but it "trustworthy" or has credit because the US dollar is the World Reserved currency. Which means in the Global market the price of everything would be delt in dollars. So countries have to do business in dollars no matter what country they come from.

So your the dollars has "street Cred", but the we're losing that credit or rep. How? Because the government doesn't OWN or REGULATE our dollar. A central bank does. A central bank called the Federal Reserve.

Take out a dollar. Look at it. How many times do you see Federal Reserve on it? Compare that amount to how many times you see US Treasury. The US government has nothing to do with the dollar. Bankers do. See another problem here?

So to recap the dollar has no real value and is controled by bankers :)

Now it's what the bankers have been doing to the dollar that has been detroying our dollar. What they've been doing is inflating the dollar or printing more and more and more dollars. Dollars out of thin air. Conterfeit. Everytime they need to buy something like bank bailouts, help the government pay for the war, and mostly pump money into our economy to try and buy that back too.

The bankers also been lowering intrest rates too. Now what that means is they're increasing the amount of dollars other banks can hold or loan out. They're giving banks MORE dollars to loan out.

So when there are a lot of somethings the price of it goes down, right? Like baseball cards. If a card is rare it's more valuable, but if it's common it holds little or no value. Same concept with the dollar.

Print new dollars. Give them to people. Our "Street Cred" is trippen.

Your question was will there be a depression. Yes, there will be one. People will lose jobs, malls will go out of business. People are going to lose their homes. All because the dollar value.

Now although that might sound scary. You can still profit from it. You need to invest your dollars while they still have value. Before we go into a depression which will happen in about 4 years or 5. You have little time to act.

So what do you do. Well you invest out of the dollar. Out of US assets. You invest into foreign stock. Like other country's stock or you could invest into things that always have value like GOLD, silver, platium or other Commodities.

And you can do that and learn more about investing in foreign stock by going to:

Europac.Net

It could save your way of life! You can either make a lot of moeny or lose a lot of money because as the dollar value goes down the value of these things go Way up!

Side note. It doesn't matter who wins the election, the depression will come because the bankers control your dollars not them.\

Soo you can do this! Go to that site. Read up on it. There's so much more to it, but better you know the better you're off.

And if it confuses you just email me your questions. I'll help.