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U.S. Bank ' to fail within months '

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posted on Aug, 20 2008 @ 11:40 AM
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Did I derail this thread or something?
Sorry if I did.

-Jimmy




posted on Aug, 20 2008 @ 06:49 PM
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I really do hope the bank collapses. This will then be a domino effect and then the whole usa!



posted on Aug, 20 2008 @ 08:09 PM
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reply to post by Copernicus
 



Review the history of the great depression! While there was an initial crash the market actually came back then slowly went down over the next 2-3 years. It is a myth that the great depression all started with the one market crash! If that is all you are focusing on then you are missing the BIG picture! The current economic situation is very similar to what was seen during the late 1920 and early 1930's! Here are just some of the reasons why...
1. consumer confidence affected
2. availability of credit- credit was the new hot thing in the mid to late 1920's everyone took out a bunch of loans and then could not pay them off
3. increasing unemployment- granted the offical numbers do not show it but the governmental figures are not inclusive
4. environmental issues- then a drought combined with poor farming practice now global warming (corn in the midwest as an example)

there is more I will start a post about this later



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