Are we headed towards WWIII, and another Depression? Will this depression be worst than '29?

Answer 1

Economies moves in cycles: Beginning, Middle, and End.
Typical economic cycles are 30 years, 60 years, and 100 years.

So compare what happened in 1906 and 1976 and you will have a good idea of what to expect when "Forecasting". In 1906, history shows that the economics was at the late middle stage of "Industry". In the mid 1970's the economy was having a housing boom, and low debt. However, 1920's there was the "Great Depression" and in the 1980's we had a boom in middle class. So, yes, a great depression is forthcoming and should find ways to cushion this cycle ... but we're not immediately in the cycle.

The government has taken many cushion steps to help us in the future by creating the "Federal Reserve Board" ... Europe is now on one currency, the Euro ... and many banks don't back their reserves up with corporation notes. However, like in the 1920's the flu pandemic that swooped the world is also a big cause of the "Great Depression" ... and there is the "Bird Flu" that haunts us.

If I were to only use history and economic cycle to forcast, then I would predict that the "Bird Flu" (or similar pandemic) will plague us in 2016-2020 ... then we'll have a time of great prosperity in 2020-2030, and then suffer from a "Great Depression" which will appear greater just because the media is so good at yelling, "The sky is falling". And since the world is more globalized, many of the farmers are obsolete, and we will have to re-learn how to individually take care of ourselves rather than dependently rely on Wal-mart.

WWIII will happen after the pandemic and during the harshist parts of the Depression (using history only as my forecasting modle).

Answer 2

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Answer 3

wwIII ah who knows, we'll get there when we get there another depression no. in order to understand the reasoning you need to know what caused the first one. the great depression was caused due to foolish people in the stock market who shifted theire money so as to cause the stocks to rise and fall insttantly, this ended up causing mass hysteria which caused people to pull theire money from the stock market causing the market crash, then everyone tried to pull money out of the banks which caused the banks to go bankrupt (they invested the money in the stockmarket go figure) anyhow, after all this there were daily trading limits put in place to prevent the market from crashing again, and theres fdic insurance at banks to insure your money.
hope this answers your question

Answer 4

It appears not. Backing of all nations will not be available for any superpower.
VR