Quote:
Originally Posted by I R DANIEL (Sin
yes, you are the only crazy one. because the media is making everything seem a lot worse than it actually is. i can assure you, the U.S. is in no way, shape, or form heading towards a great depression. economist argue even if we are in a recession or not.
and FYI, the great depression began in 1929.
and also, IndyMac is not a regular commercial bank. it's a bridge bank.
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GO READ THIS including all the stuff it links to. Explore some more on your own if you want.
Anyway, that's some good reading to start with, then get back to us.
Also, how does your assurance outrank our opinions and the supporting evidence we present? Show me some news that doesn't show a weak economy. Oil has dropped twice in the last week because of a slowing US economy. Someone recently stated that the US is headed into a "deep recession" and not some douche like Harry Reid, someone who's actually an economist and qualified to make such statements. I'll dig it up if you really want to read it. Anyway, show me something that justifies your hypothesis.
He may have got the decade wrong, but he was right about the similarities. It's on an even larger scale now than it was then. We're globalized baby (almost completely now).
EDIT (hit post too soon)
Anheiser-Busch just got bought out by some European company. The American Beef Industry just got bought up by someone in Brazil to the tune of over 500 BILLION DOLLARS! Remember, these are the same people saying how much they suffered because of ethanol and feeding their cattle, meanwhile, their net worth and profits have been skyrocketing over the last 5 years, and they make half a trillion dollars off it, enough money to pay off approx 1/114 of our projected 53 trillion dollars in obligations we've made as a side note on our economic plight.
We've maxed out our credit cards and all the rich fuckers are abandoning ship and selling out to the monstrosity fascist communistic (you can have both at the same time, if you don't agree you can do your own homework for that one) global state that's forming and expanding each and every day.
Not to mention government bailout after government bailout after government bail out. That's OUR MONEY they're using to prop up false wealth and corrupted corporations. We're spending and spending and spending, and the general population sinks further and further into poverty, while the upper class, investing class, and political class grow in power and control of the resources at hand.
I'm not trying to be a doom and gloomer, but, well.....we're fucked.