How Did The Depression End?

i guess your reading a different computer screen than i..

 

or maybe I am not stretching myself to characterize the comments of others in a misleading way and then going on and on about it as if it were not my own invention.

 

my older brother thinks excatly the same way you do. He even bought 4 containers of an emergency food sluppy and doent spend a cent until he looks for the cheapest price. He told me if i wanted a winter cost dont spend over 17 dollars. I found this really nice target coat that is made of that warm material for 40 dollars and then he told me to take it back and go to walmart. The walmart jackets didnt even have hoods or insulated material!

 

scuse me for "stretching" this to interpret it as someone being confident..

looks like a pretty confident statement to me but like i said,i guess im just looking at a different computer screen or something..:cheers2:

 

There is a difference between being confident and being "confident everything will go as planned". The latter is naïve. The other is a desirable trait.

 

logically then if everything doesnt go as planned it may very well be that neither of the statements you so confidently made will come to fruition..

like i said im not willing to go out on a limb and make such a bold prediction given the state of things.. im just not that confident,but once again,im glad to see someone is .

 

I have been reading a lot of predictions from financial experts that predicted this economic crash. Most of then predict a Depression similar to 1930 to last about 10 years.

But everyone aggress it depends on how much the manipulators fuck things up..

Personally I think it we might see the U.S. Dollar collapse.

I am glad Obama has told some stories to make the sheep feel safe.
That is the main job of a puppet to entertain the masses and keep them feeling like they have hope in the government (keep the people from rioting and revolts).

I am very excited about all of this I think the U.S. will be a much better place after this (unless China kicks our ass).

 

I said confident, not prescient. I am confident that we have chosen the man best equipped to lead us. That is no guarantee of success. Of course, no one claimed prescience, you just made it up because it's easier to attack a straw man than to have a reasonable discussion.

 

The difference between then and now...the military industrial complex has already sucked our economy dry, another war won't fix it for us this time. We're going to have to think outside the boxes, both republican and democrat. And a free market isn't going to be a given.

 

To truly understand how fucked the economy is you have to understand how the economy has been driven for the last 20-30 years. Most economist beleive there should have been a recession around 2000 in result of the "dot com" bubble... but mr greenspan decided to ignore it and lower intrest rates to promote consumption and fake growth. So now you have an insane number of americans who should not have been able to buy a home, owning a home they cannot afford or ever pay back. The banks who made these loans did not keep the loans in the book, they re-packaged them and sold them over seas. The point is, the last 20 or so years have been nothing but national debt. China and the likes have been buying this debt as assets for to long, and they have stopped buying them, which created the 'credit crisis'.

So now the goverment prints about 1 trillion useless peices of paper and bails out the banks whome bail out the chinese, but the people are still left with their debt.

The only thing that can be done is to collapse the dollar and create a new currency. Which is what is being done.

 

I think our solution is in new deal type economic redress

we'll be getting a war soon enough anyway, it's coming, having a wrecked economy, and having workers prepared to go into production is the only way our asses are coming out on top.

plus we need our infrastructure fixed

a fucking bridge, collapsed, in the u.s.a in 07, anyone remember that huge power outage around new york/new jersey, like, five states affected? and, levees, and, we NEED to address infrastructure problems, no second guessing that

not to mention, the telecom industry owes the american public fiber optic lines, into every home, they got tax breaks to pay for it, and we could easilly provide the workforce

establish a 20 year plan to take america off of transportation oil, that means, massive rebuilding of cities, all that jazz.

thousands of square miles of photoelectric panels, lets try that out.

we could provide the jobs, we need the will, and leadership to do it, I'd rather our country increase it's debt to strengthen the country, than to go to wars that serve only very esoteric purpose.

 

...

How is going into debt going to strengthen the country?

Countries are no longer lending to america, so the only debt will be domestic debt, to the federal reserve, whome is already owed trillions by the tax payers. When the shit really hits the fan, america will be just a big plantation of slaves in eternal debt.

 

There was a recession from 2000 to about 03.

 

When you owe the bank a million dollars, you are screwed.

When you owe the bank a billion dollars, the bank is screwed.


I don't think it will come to pass, as the debtor nation thing is not sustainable.

 

There was no recession. If you remember a day after sept.11 2001, alan greenspan dropped interest rates and people were encouraged to borrow money they shouldnt have been able to borrow, to buy new TV's and cars... all in the name of proving the terrorists wrong.

 

ww2 did not end the depression, it made the economy worse. war never helps.

 

http://en.wikipedia.org/wiki/Early_2000s_recession

 

Nah, there was a recession in the 90s, its an overstatement to say there was one in 2000. But ill give you the benefit of the doubt, and still, that very minor recession was ended when the interest rates were dropped, and the bubble was created.

 

if we can grow the economy faster than we can accrue debt, we're fine.

and right now, that is THE option.

and, eventually, we'll be able to pay off the debt, if we pick a point where we will cease to accrue it.

which would REALLY strengthen the dollar, and with proper custodianship of our corporate constituency we could come out of it as a nation that, omg, functions.

not going to happen, but, we can dream.