Could we be heading for another depression?

Question

Alot of money going to wars
Money being spent that isn't even there
Gas going incredibly high
House prices steeping lower
Energy prices going up
Our money becoming very weak to other countries

Could all of this send us straight into another depression sooner or later?

Answer 1

Yes,as predicted by Gore Vidal....."Depression like you've never seen it before".
Why?....Because we're so many MORE people now, than we were before: more people = more adverse effects per person.
And.....you get the division of TYPES of people: some people start with a little....others with alot = War! (Civil war: the real definition is 'Social War").

To see it in another light: This could be the time for people to come to their senses. This happens when the **** hits the fan. People tend to start to find value in things other than what happens in 'normal' daily life.....like the bombardments of junk mail, for instance, or being brainwashed with advertising, marketing, robbed of your funds by your bank, the cheating, the lying....all done in the name of survival of the fittest, (or most currupt).....All are intrusions into our private spaces and spiritual souls.

The depression could, indeed, be our friend.

It is time to reassess our true values in life.
To each person, that means a different thing.
Each person has to sort it out for themselves.

If the depression has ruined you, then you have failed in finding the value of life, itself.

Answer 2

I think that we might be headed for another depression. As someone had said that there is a lot of truck driving jobs available in the news paper. My father is a truck driver and he sees it in a different perspective then sitting a the kitchen table looking at the classifieds. He is out on the road and sees that truck company's are getting sold out. People will go and buy them and shut them down to eliminate the competition. As one person put it to me the government is concerned with the middle class. We are who they need. If a middle class goes to a different class in the society they go to the poor. The poor people are pit bulls digging for bones in the ground, the rich are the french poodles eating fancy meats and the middle class are the fence separating the two. When The middle class loses so many people the fence becomes weak and the pit bulls will break through and take over the rich. If you did not know the American dollar is now worth 0.06 less then the Canadian dollar. The most wanted money at the moment is Euros. The American dollar is almost worthless.

Answer 3

I doubt it. Maybe a reccession. Look in the classified section of the newspapers. Check out the help wanted adds. It looks like there is plenty available work. I could be wrong but If our economy is in trouble it is because people just don't want to take the work that is available. Or they don't want to learn a new skill. The aviation, energy, agriculture and medical industries need workers. Everytime I look in the paper I see adds for truck drivers.

During a depression work is hard to find. People were waiting for laborers to fall off the Golden Gate bridge so they could work.

One reason we let in illegal immigrants is because our citizens don't want to work for the amount of money. That might change.

Answer 4

Measures put in place as a results of fact the large melancholy will safeguard against the vast economic business enterprise mess ups and scarcity of deposits (for the duration of the FDIC). The unemployment fee is soaring between 7 and eight%; slightly greater than popular, yet no longer abhorrently so. It additionally looks no longer likely that the Federal Reserve is going to develop costs of activity as they did for the duration of the melancholy, which further choked the economic gadget (they only decreased the best fee a million/2 a factor the day previous). till the Fed. starts elevating costs of activity, the FDIC runs out of money (it relatively is extraordinarily no longer likely even with what you have examine interior the information - the Fed. can continuously print greater - and don't get me began on THAT), and the unemployment fee quadruples, we can adventure no longer something as severe as a results of fact the large melancholy. don't get me incorrect, we are in for a extraordinarily tough holiday, yet a repeat of the large melancholy it should not be.

Answer 5

Yes, there is going to be another depression. The purpose of reduction in interest-rate is to encourage investment. Capitalists should use more money to invest instead of keeping in banks.

However, it seems that they don't know how to use their money effectively. They should reorganize their corporate structure such that local serves local. Chinese made products would only go to chinese market; New-york made products should be only for sales in New York etc. Then, everyone would has some money to survive. This is another meaning of Globalism and it is in fact much green.

Answer 6

It's certainly going to send me into a depression if prices keep rising. No payrise for my husband at all this year, not even cost of living - he's a Police Officer - and bills and fuel prices rising, seemingly uncontrollably. The country is going to hell in a handcart.

Answer 7

There sure do seem to be a lot of economists who are saying that we are now in a recession and headed for a depression worse than the one in the 1930s.

Personally, I think the Bush people are artificially propping up the economy right now, trying to keep it from plunging over the edge before the end of his term.

Answer 8

Credit cannot last forever; Yes the economy is starting to look like a depression. It's happening in all Western Countries.

Answer 9

With the high budget deficits and corruption seeming to be rampant...who knows?
There definitely needs to be some kind of economic downturn. That is why I still live in my 100 year old house and drive my 15 year old truck. I won't feel it near as bad as some.

Answer 10

Like what happened with the Great Depression, a few people will profit handsomely while the rest of us lose our jobs and and just about everything else.