Is it at all possible for the US to have another depression?

Answer 1

If we don't start thinking about alternative fuels within the next decade or so, plan on having a depression from high oil prices.
If we don't build more nuclear power plants or start drilling for more oil it may be even sooner than a couple decades.

If we allow countries with suicide bombers (Iran) to obtain nuclear explosives, plan on having a depression within the next decade or so. Mutually assured destruction wont stop these wacko's. If even a few go off in a big city or port, expect a depression or worse.

The entire system is balanced on the edge of a knife. Its a matter of when, not if... and the next one will probably be something we never saw coming.

Answer 2

It's inevitable and part of the economic cycle. Just a matter of when. It's just a question of who'll kick it off. The declining dollar causing overseas investors to put their money elsewhere which would force our interest rates up thereby drying up cash liquidity. Will it be our ever growing trade deficit or social security deficit, or medicare deficit aggravated by the fact that the most populous generation the baby boomers going into retirement with only 2 workers per retiree to pay for it versus the 16 workers for every retiree when they were growing up? Or be caused by our addiction to oil and fossil fuels during a time when worldwide demand will outpace world wide production for the first time in history this year or next? Geopolitical uncertainty and war with North Korea/Iran? Or most likely a harmonic convergence of some or all of the above factors.

Answer 3

This time it is not going to be depression, but it is going to be stagflation. Too much money in circulation (in US and rest of the world). With that much money Stagflation is very possible (high inflation and slower economy)

read www.uscommoditiestrader.com

Answer 4

I am sure by the next decade or sooner not only will the us ahve a depression but i am sure the whole world will have one that will serriously screw things up

Answer 5

Wickedness, injustice, grief, pessimism, trouble, loneliness, fear, stress, frustration, distrust, unscrupulousness, anxiety, rage, jealousy, resentment, drug addiction, immorality, gambling, prostitution, hunger, poverty, social corruption, theft, war, struggle, violence, oppression, fear of death… News about these issues appear in the newspapers and on TV every day. The popular press devotes entire pages to these subjects, while others serialise articles about their psychological and social aspects. However, our acquaintance with these feelings is not limited solely to the press; in daily life, we, too, frequently come across such problems and, more importantly, personally experience them.
People and societies endeavour to liberate themselves from the distressing experiences, disorder and repressive social structures that have prevailed over the world for long periods. We only need to glance at ancient Greece; the Great Roman Empire; Tsarist Russia, or the so-called Age of Enlightenment, and even the 20th century-a century of misery which saw two world wars and world-wide social disasters. No matter upon which century or location you concentrate your research, the picture will not be appreciably different.
If this is the case, why haven't people succeeded in solving these problems, or at least some efforts been made to remove such social diseases from society?
People have encountered these problems in all ages, yet each time they have failed to find any solutions because the methods they employed were inappropriate. They sought various solutions, tried different political systems, laid down impracticable and totalitarian rules, stirred up revolutions or subscribed to perverted ideologies, while many others preferred to adopt an indifferent attitude and merely accepted the status quo.
In our day, people are almost numbed by this way of living. They readily believe these problems to be "facts of life." They picture a society immune to these problems as being nothing short of impossible-a dream utopia. They persistently and openly express their distaste for such a way of living, yet easily embrace it, since they think they have no other alternative.
The resolution of all these problematic issues is possible only by living by the principles of the "true religion." Only when the values of true religion prevail can a pleasant and tranquil scene replace this gloomy and unfavourable picture, which is doomed to continue so long as God's limits are ignored. To put it another way, people are enslaved by these complications as long as they avoid the values of the Qur'an. Put simply, this is the "nightmare of disbelief" and the link below for this wonderful book:

http://harunyahya.net/popup/Download.php?WorkNumber=256&Format=pdf

you will find how the regulation of life by the "norms of morality" introduced by the Qur'an revealed to mankind by God will banish the "nightmare of disbelief," how pessimism, corruption and social restlessness can be eliminated from society, how the individual can surround himself with an ideal environment, what spiritual and material benefits he is likely to attain by adherence to these norms of morality are gone into in detail, and finally, that the unique alternative to all these problems is the morality of the Qur'an.
So far, many books have attempted to deal with the social and psychological problems societies face. Yet, what distinguishes this book from others is its stress on the most realistic solution. It also sincerely warns people against the troublesome future they are likely to face if they fail to resort to this solution.
We expect that every reader of conscience will grasp that peace, mutual trust and an ideal social life is attainable only by embracing the values of the Qur'an and will turn to the true religion, which is Islam.
They will then happily join the ranks of those who never suffer, mentally or physically, from any of the above-mentioned complications. Around them, there will always be an abundance of favours, comfort, love, respect, peace and confidence, and moral virtues will prevail. They will know how to earn God's approval, by observing His limits and the commandments of the Qur'an. They will thus, by having faith in God, attain His mercy and at last enter Paradise.

Useful link:

(A BRIEF ILLUSTRATED GUIDE TO UNDERSTANDING ISLAM)

http://www.islam-guide.com/islam-guide.pdf

My e-mail:
=*=*=*=*=*=
[e-mail]
=*=*=*=*=*=

Answer 6

Yes; unlikely to be as severe or lengthy however.

Answer 7

Nothing is impossible.