Do you think that there will be another depression in the United States?

Question

Currently the United States National Debt is 9 trillion dollars.. The national debt increases 1.47 billion dollars a day. The estimated population of the United States is 303 million, so if we split the debt amongst the population we would each owe $30,036.62 Dollars. Go here for more info http://www.brillig.com/debt_clock/
If there was another depression do you think it would be the end of the United States? What caused the Great depression?

Answer 1

The way how this f*ckin president is spending money to bomb other countries then trying to repair them back up, that could possibly cause a depression in the US.

The US is already in depression anyway. People say it's not, but if you see what goes on in most neighborhoods, then you will know that the depression is all throughout the US. It's just not at the same level as it was in the 30s, but it's here. This materialistic country is just going to get more corrupt and worse as the years go by though, so look for the depression to get even worse.

Answer 2

we are on the verge of a financial meltdown in no way considered interior the background of this worldwide,not merely in this usa yet all countries of the worldwide.The governments of the worldwide have been attempting to evade the inevitable that's a worldwide meltdown of the not merely united statesa.'s financial gadget however the worlds financial gadget. If we proceed on the present direction of the final 2 weeks of out of the effortless losses interior the worldwide markets and the present records looks to assist that concept.there is merely not a rustic on earth that isn't experience the effects. I see the inventory marketplace plunging to a all time low of seven,000 interior the subsequent week or so and while that occurs there'll be not something the governments can do to evade a worldwide melancholy.look on the losses of merely the final 10 days 8 Trillion and mountaineering and the U.S. governments bailout equipment of merely approximately a million trillion funds is merely a band help restoration. we've have been given to get the fee of the dollar up and the only thank you to try this's by ability of balancing the federal funds. by ability of contributing to the national debt we are merely making concerns worse for the U.S. and sending our already spiraling financial gadget deeper in financial chaos by ability of how there is merely not a president who would be elected interior the appearance weeks which would be waiting to provide up the financial meltdown that has been interior the works for the final 30 years by ability of the governments deregulating each and every marketplace that has been necessary to this usa's prosperity. devoid of government controls we've a gadget of greed that has run rampant and now we will pay the main suitable cost, Our place as a superpower interior the worldwide markets.

Answer 3

The cause of most depressions is excess liquidity, which we have in abundance. What we are seeing in the United States is rising inflation. Pay no attention to the "official" inflation statistics, they are lying. Why do you think the Federal Reserve lowered the interest rate again?

No fiat currency in history has ever survived. The formerly proud US Dollar, once redeemable in gold or silver, is now worth whatever someone will give you for it.

If your paycheck is keeping up with the rising cost of gasoline, energy, food, and taxes, then I envy you.

Answer 4

The depression has already begun, and as the dollar loses value and prices for things sky rocket in a chain cycle reaction due to certain events. Collapse comes.

The people who do not want to hear this doom news are like the people in Atlanta that let the good times roll them out of water.

Answer 5

This doesn't surprise me because look how much we give to foreign affairs. I already knew we were in dept for awhile now and even if you tell that to the government, they don't listen to the American people. You think by having a Democrat president that this will all go away? I don't think so. They will raise taxes.

Not sure if there will be another depression. I know that Doctors will sure make lots of money giving out medication for depressed people.

Answer 6

There will be another one life works in cycles we have had unprecedented wealth, and have extended our line of credit too far a contraction is what would be next in the order of things. It doesn't have to be the end of the nation, though I think there are those that would use the economic downswing to further there ambitions and make even larger power grabs.

Answer 7

No, there won't be another depression. We are the top economic power in the world by far, and the rest of the world could not allow us to go into depression even if we wanted to!

The depression of the '30s was caused by a shrinkage of the money supply. It's not going to happen again.

(Why do people just love end-of-the-world scenarios?)

Answer 8

No because you have to consider population increasing and better jobs allowing ppl to buy more cars and houses. I owe more than 40k but thats college I dont owe anything else. When I get a good job I will be paying that off over 7 years. Not only that, but "A country girl can survive."

Answer 9

IT WILL, if the U.S continue to let foriegn / illegal aliens take over this county. The U.S is playing Big Shot to the aliens such as giving them welfare, housing, and food stamps. A lot of people here is in need of these things. I ALSO, feel that there will be another Cilvil War / Revolutionary War pretty soon!

Answer 10

Yes, we would become a 2nd rate power similar to what Italy is today.

Speculation, greed and a vastly over-valued stock market, caused our Great Depression.

It doesn't take a rocket scientist to see the similarity between then and now. Hold to your hats.

Wotan