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» ANOTHER DEPRESSION?
 
Is this country headed towards another depression?
 Yes
 No
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Detmurds
Posted on Oct 26 2009, 03:21 AM
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I think we are headed into another depression, but I hope to God I am wrong.

I feel that things are sugar coated right now and people are not running scared (like what happed with the first depression). Truth is,..... the reality of how bad things really are will catch up to us in about a year or a year and a half. The sugar will have melted off by that time!


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Mad_Italian
Posted on Oct 26 2009, 02:14 PM
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The false news that the stock markets are indicating are responsible for the sugar coating. It is going to crash, and I will be hurting when it does?


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McPrez
Posted on Oct 28 2009, 05:08 PM
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Even if it is as bad as the depression of the days of old, it probably will not ever be called a depression due to politics and poor media.


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RAGIN CAJUN
Posted on Nov 1 2009, 05:04 PM
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I don't think so? Don't know why I think this, but I for some reason feel we have safeguards against it from happening.
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Crusader
Posted on Nov 2 2009, 08:44 AM
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We are in something far worse. We are past bankrupt and the only thing keeping our economy afloat are bonds that pay our debt. Who buys those bonds? Foreign nations of course. Who currently pays most of our debt? The communist Chinese.
If they decide to quit financing our debt, I'd welcome a depression over the major sh*t storm accompanying such an action.

The worst part is Obama and the rest of the liberal elite in Congress have indebted this country to the Communist Chinese by 70 fold and Obama and the gang continue to want to spend or debt us into oblivion. The Chinese literally own us.

Fix that problem Mr. President and forget about anything else. Everything else can take care of itself.
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McPrez
Posted on Nov 3 2009, 07:22 PM
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Good message you send Cru! With false numbers courtesy of all the bail outs, we will learn very soon how bad things really are. Band aids are just that, band aids. We don't need no band aids, we need an ambulance.


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