When do we see the next depression coming?

Question

When do we see the next depression coming?

Answer 1

I hate to be the one to tell you this but a Depression is coming, at least in America that is. I don't know exactly when it'll happen or if there will even be a global Depression but one is coming to America for sure very soon. American history has taught us the there's a Depression in our country about once every 75 years. The last Depression we had was in 1929. Here's the Math: 1929 + 75 = 2004. So, it's obvious we're definitely due for a Depression. You can prepare for it by doing many different things, such as staying educated, spending your money wisely, investing your money in commodities (eg. silver, gold, copper, etc.), and living within your means with a stable, good paying job. I'm preparing myself for it by getting as educated as much as possible and improving my work skills. I'm also not doing anything to create any kind of unnecessary expense or debt for myself, such as not dining out a lot, not getting married, not having kids, not splurging my money when I have the urge to do so, etc. It's indeed coming because our US dollar will only continue to get weaker and weaker over time. Don't let anybody tell you any different. I hope this answers your question. Take care!

Answer 2

Just like the last one. Whenever the government decides they need to fix things.

The stock market crash in '29 caused the liberals to panic. Rather than allowing it to correct itself, as President Reagan did in the 87 crash, FDR prolonged it by 10 years by increasing taxes.

Anytime money is given to the government, rather than left in the private sector to create jobs and increase the GNP, investors, businesses have less to invest and create new jobs, and boost the GNP.

The reason we are having problems now, is because the Republicans  spent like a bunch of drunken sailors on shore leave, when they controlled Congress. Which has weakened the dollar. Cutting taxes, reducing spending, will strengthen  the economy. Unfortunately, our government can't stay out of it.

Answer 3

Some economists are saying no later than 2010.

Answer 4

Honestly, I feel like it's here already. It's hard to afford food, gas, electricity etc. My 401K has gone down the pooper and I hate feeling like I'm broke everyday at 44 years old.

Answer 5

Next year.  Start gardening guys!

Answer 6

We are already in the beginnings of one. The depth will only increase and the length may be drawn out for some time. The past 8 years in the US, job growth has not kept pace with population increases and deficit spending has pushed the interest payments on government debt to unsustainable levels. Government revenues are not nearly enough to sustain expenses, causing the debt and interest payment to increase.

It may only be a matter of time before foreign investment that is sustaining the current economy falls off due to bankruptcy of many large corporations.

I foresee a longer more drawn out depression than the government economists would like us to believe