When do you think the economy is going to crash?

Question

I have seen where some think it will be this fall. What are you going to do this winter if this happens?

http://realestateandhousing2.blogspot.com/2008/06/banks-closed-till-further-notice.html

http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=9A9D73AC-1871-E587-E1215CDCC0B65918

Answer 1

I'd say right around Aug. Sept. right after we invade Iran. wouldn't worry about this winter too much.

Answer 2

With gas and food prices rising, it feels like its here for some people already. Like me. I sure hope the next president can perform a miracle. Bush told people that Jesus helped him become president. Does Jesus hate America? I say to the next president  "go ahead the praise the lord but pass the ammunition."  ( I heard that somewhere)

Answer 3

you mite think this a stupid question. do you really think our economy is that bad. i'm just a lawman but i can't see any significant signs that it will crash. i really don't think it will. could it be that it has something to do with the upcoming election? some advice. don't pay any attention to the media.

Answer 4

A lot of people do believe that it could be this winter, but I think we still have at least another year. At least I hope!

Answer 5

I think they are aiming for 2012, the Mayan calendar end.  They take old myths/info/ideas, and twist them to their ends.

They will build up hype for a few more years, as a depression starts to hit, then the banks will take everything, the NAU will come into force, and the population will be chipped.  The Constitution will be abolished, and the new feudal/fascist/communist world, the NWO, will rise.

If this happens, I will run.

Answer 6

I dont think it will crash, I guess I am just a little more optimistic than most.

Answer 7

If Osama Obama is elected....he has PROMISED higher taxes ON ALL...not just the rich....that combined with the4 economy that the Democratic Congress is pushing.....will be a disaster

REMEMBER.....GAS WAS 1.95 A GALLON TILL THE DEMS TOOK OVER AND THE RECESSION AND SPIRALING FORCLOSURES RATE WAS NOT HAPPENING TILL TWO YEARS AGO.....WHEN THEY GOT CONTROL OF CONGRESS

Answer 8

Late 2008/ Early 2009

To the poster above me.. Yes, it is THAT bad.

We have a lot of things working together to make the economy crash... a perfect storm if you will.  

1.  The falling dollar  

2.  The housing crisis  

3.  Soaring Oil prices

4.  The food crisis... which is now becoming evident

I'm not sure how this NEWS has escaped people..?  

http://www.dailyreckoning.co.uk/economic...

Of course, the rest of the world KNOWS meanwhile many Americans are still in the dark!

And the most disturbing thing about this is the coming depression was caused on purpose.

Answer 9

The elitists can prop up an economy for a long time.Personally I think they'll let it crash in a year or sooner.The dollar is certainly about to die.No intelligent person can deny that one.http://www.financialsense.com/editorials...   http://www.rense.com/general81/extr.htm  http://greatdepression2.org/  http://www.apfn.org/apfn/newworld.htm http://www.constitution.org/col/cuddy_nw...  http://www.stopthenorthamericanunion.com...

Answer 10

Read your very depressing post Let he guess your an Obama supporter

Answer 11

my take is if our government gets any more f***** up we are screwed the government will say we owe them and we wont get tax returns and we will crash in i say at least 5 yrs

Answer 12

I keep hoping that a catastrophic fall won't happen, but recovery doesn't seem to be anywhere on the horizon.

A trade deficit of almost a 1/3 trillion dollars, wars that will cost an estimate of 3 trillion dollars (Calculated by the Nobel winner for economics, Joseph Stiglitz), inflation, loss of international confidence in the dollar, and financial institutions on the exchange that are infamous for fraud and mismanagement are not exactly a cheery endorsement for economic recovery.

Economic crashes can come in a variety of ways: Hyper-inflation, stock market crash, civil disorder, and political instability. All have the same consequences - currency becomes worthless, jobs are lost, food becomes scarce, and violent crime rises.

The wars and the current administration turned the world against America politically. The international credit crisis caused by fraud and mismanagement on a grand scale - the sale of sub-prime packages to financial institutions around the world has turned the investors away from the American market. Nobody likes being conned.

I fervently hope that something can be done to avert an economic crash. I have no feelings of ill will against the majority of poor & middle income Americans who will suffer the most. Unfortunately, you're not going to see hedge fund managers jumping out of windows on Wall Street. The days when personal risk went with a finance job are over. The greedy & the fraudulent are going to be fine, whatever happens.

If you can, you should have portable currency - precious metals and gems, in case of a currency collapse. Hoarding food is not a good idea for the long term, unless you live in the countryside. Although the entire world is likely to suffer as a result, consider emigrating to the Far East, since they are most likely to be least affected by a total economic collapse of the US (Should the unthinkable happens).

I think it will be gradual, but one can never tell. Good luck.