I guess for the same reason that it is not improbable that the US WON'T suffer another great depression.
I think you may have worded that wrong, because you only added a redundant sentence to what I said.. Maybe you mis-read what I typed..
Nope. Sounds like a recession and even if one could go to the extreme of calling it a depression, it most certainly would not be considered another
"Great" depression. The US faced the same crisis in '73 with nearly the same problems. Remember the Savings and Loans scandals of the early
'80's? Both of those events amounted to a recession.
You simply fail to understand that the only difference between a recession and a depression is merely severity of the situation. A steep recession
with higher then normal (for a recession) unemployment and other catastrophes in the economy, simply equate to being a Depression.
Unless YOU can give me a better definition as to what a depression is, we will simply have to rely on the outcome I have deduced from the
understanding of what a recession is.
No. Not at all. Why? Because there was no fiscal policy to deal with any of that. Now there is.
Actually there where policies in place before that, and in fact, every economy has always had their own set of rules and guideline that worked until
that one fateful day when all the sticks come tumbling down. Had you told someone in July of 1929 that the economy would collapse.. you would have
been laughed at.
After all, a man in 1929 would tell you the government keeps it to well regulated....
Sure. Just like it sounds like 1984, or 1991, or 1998, or 2001 or any number of other dates that DID NOT produce a Depression, let alone a "Great"
Each one of course had it's own circumstances, which is why I said we should never try and equalize various economic situations through history and
expect them to match up. The Depression of 1929 does have scary simularities between 2008 because of the nearly same exact credit and financial
By the way, the 1980's where in fact, very nearly at the point one might call "depression". Official numbers are of course skewed, but it is fair
to say unemployment had not been that high since 1929.
Ladies and Gentlemen, my opponent up until this point has said a lot of very scary things about the US economy, and yet he has used no sources nor has
he verified any of his information. Statements like:
My deepest sympathy and apologies sir, I meant not to scare you, but to warn you. And I do apologize for not using sources, I do quite often memorize
that which I read and have a tendency to forget you cannot read my mind.
Imaginary GDP? Hardly. I have driven through America numerous times and I have seen a great deal more than just a string of podunk towns.
I suppose that would be where you drive, your state, and your local economy. In Ohio, in the Mid West, this is the case. If anyone drives through
the likes of Spring Field, Youngs town, James Town, once great industrial cities, you know what I mean.
I don't think that it is accurate that those numbers are not included. Anything to back that up with?
Ah well I will give you a source, only because it pains me that you doubt me. I would never post false information.
CPI is the main measure of Inflation, the numbers you hear when the Fed tells you it's only 3-4%.. It is the index that measures the price of goods
purchased by households, excluding commodities like Oil, and Food. As they are considered to volatile to be added into inflation to give a .. ahem ..
fair reading. CPI
If the CPI is the most watched Index of all inflation measurements..
Core Inflation is it's twin sister.. however.. Oil, and Food are not counted in Core inflation either....
Also, every country calculates it's inflation differently.. their is no
There are in fact measurements to gauge the rise in oil, foods and so forth, however no one ever looks at it, and it is never added into the mix
because, as I said, it is to volatile.. HOWEVER. It is included into the GDP .. all those billions we spend on electricity, gas, food .. it keeps the
GDP artificially high.
Which begs the question, with a retreating industrial sector, and unemployment rising.. but oil and food doubling every other year.. if you take all
expenses related to energy uses, and food .. why, I do believe we would have several straight quarters of negative GDP growth! Officially putting us
smack int he middle of a recession. With the worst yet to come!
(PS the Consumer Price Index was implemented int he 1920's, and still used today)
But we must ask our selves, this great nation of ours.. why in the World do we lie to survive? Here is another fun fact for the night about the
Consumer Price Index.. if calculated correctly would actually bankrupt the country within 12 months! .. The CPI measurement system is a method to
Index the inflation to wages.. so if the CPI included the most expensive part of our lives (food, oil, energy and housing -- also not included) the
benefits of government subsidized programs would have to adjust to meet the bare minimums of inflation .. that is to say if you receive 1,000 a month
in Social Security, in this economy you are drowning in bills and expenses to survive.. we all know someone suffering like this. This is because the
CPI does not actually correlate to the Real Inflation rate in America. If it did, the US Government would have to DOUBLE at LEAST Social Security,
also the various Welfare Programs. Social Security alone, if leveled to Real Inflation, would bankrupt the country in 12 months or less. No if ands
or buts about it folks.. this country will sacrifice the old and the infirm to live their golden years in a trailer eating bread and powdered eggs
with barely enough to survive just so it doesn't have to face up to it's own inadequacies..
Personally, I find it disgusting.
I know, it sounds like a sensationalist rantings on the outside.. but I challenge you Truth, and I challenge the readers of this debate.. to actually
look at the policies that run this economy. You will soon find that, like most massive governments, corruption has taken it's toll. We have
problems in this government, problems that have not been fixed or even questioned because the people quite simply don't understand how the system
works. When we have an economic problem, the first solution I always hear is "why can't we just print more money?" .. If the people KNEW, if they
truly and utterly knew and understood and COMPREHENDED the problems we face, the dynamics of the people who put these policies in force, by God we
would have a revolution before the sun rose the next day! We can lie and manipulate the economy all we want, holding it up by invisible marionette
strings, we do our dance and play our part charging our credit cards and indulging in our over enlarged portions of food.. living it up completely
unaware just as they want you to be. Because a complacent and dumb population is far easier to roll over then an all knowing and vigilant population.
We are seeing the failures of an ingrained institution, or perhaps the manipulation of said institution for unknown and subversive means.
I do know one thing, and that's when in times like this the Federal Reserve fire sells a multi billion dollar financial institution wiping billions
in low risk investments off the book all in the hopes to calm the storm.. we are witnessing the desperate actions of an ancient beast. Our situation
is unique, I know not where we will end up .. but if I follow my instinct and research the fraudulent policies of the Federal Government, and if I
read my histories.. I can safely say that we are in store for economic hardships not seen for decades, perhaps not since 1929. Remember American's,
you are not invincible, God's hands do not shield you from the World.. this is a Globalist economy, one of which has never failed.. yet.. America has
intertwined it's fate entirely with the outside World. All the signs point towards recession, and subtle signs within the signs point to complete
and utter catastrophe.. I have shown you the numbers are wrong, they lie, the Federal Government works to deceit at the peril of it's own people..
"I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must
necessarily diminish and recede in the near future." - E. H. H. Simmons, President, New York Stock Exchange, January 12, 1928
"For six years American business has been diverting a substantial part of its attention, its energies and its resources on the speculative game...
Now that irrelevant, alien and hazardous adventure is over."
- Business Week, November 2, 1929
Welcome readers, to the beginning of the next era in Human history..