Second Great Depression?, page 1

www.businessinsider.com...-the-depressions-world-output-1

Check the chart slideshow.

Quite revealing as in some areas of the world we have already experienced a more severe economic decline than did occur during the great depression of the 1930's. - Italy for example.

We should expect a social fallout from this.


(spelling)

[edit on 3-7-2009 by leo123]

reply to post by leo123

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the only real difference, and its a big one is that in the USA in the 30's there was the "dust bowl". If there was a natural disaster on that scale we would be in much worse shape, and at least people back then were more self sufficient...

reply to post by pause4thought

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Um, I think Obama has far better credentials than some old guy with fancy titles and positions and a stuffy professor from Ireland..

reply to post by Rockpuck

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Hmmm. Let's just say I remain unconvinced. I thought Obama was a lawyer (i.e. a professionally trained lier) and a politician (i.e. a professional agenda-merchant).

The data, on the other hand, largely speaks for itself.

Originally posted by Republican08
Obama said everything is ok, and i'm going to believe him with my heart, mind, soul, life, existence.

You are not the only one. There must be millions of folks like you who see Obama the way you do and who extend their hopes of salvation toward him. That's why the Church is going to make an exemption in elevating Obama into the sainthood during his lifetime. Not even Peter, the founder of Roman Catholic Church, could wield such a distinction.

Report: Obama to Meet with Pope

By Scott Wilson
President Obama plans to meet with Pope Benedict XVI during a visit to Rome next month, the Reuters news agency is reporting from Vatican City.

The White House would neither confirm nor deny the story this morning, but it stands to reason.

voices.washingtonpost.com...

The White House is obviously hesitant to confirm the Vatican intention -- this is really unprecedented. St. Barack . . .



[edit on 7/4/2009 by stander]

Originally posted by pause4thought
reply to post by Rockpuck

---

Hmmm. Let's just say I remain unconvinced. I thought Obama was a lawyer (i.e. a professionally trained lier) and a politician (i.e. a professional agenda-merchant).

The data, on the other hand, largely speaks for itself.

Umm.. ya, he is a professional lawyer, that's true.. but he also served two years as a senator.. which is like.. half a whole friggin turn.. then he spent a whole year being a candidate (he forgot to vote that entire time) and I sure as hellz don't see those two jerks being a half-term senator do you?









I just realized.. we elected a guy who served only half a term in the senate.. no.. not even half.. elected in 2005 he essentially stopped in 2007 to be a full time candidate... anyways..

it doesn't matter.

He's Obama, he walks on water, you would do damn well to remember that.

reply to post by Rockpuck

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Apologies, RP. I didn't get your drift till my sarcasm meter exploded in my face after reading your post.

If he says the economy is peachy, the economy is peachy.

The facts lie. Politicians don't.

i was gonna say i love the sarcasm in this thread

for the usa we ARE IN a depression PROcess........how severe the depression will be is $$$$ question

I had at least one thread started on what to look for to determine the severity or not as this process unwinds......thou there are still lots of ? marks

woody brock had a good article linked in many places www.huffingtonpost.com...


basically he says we need to get Debt to GDP under control after the run-up over the next 2 years or so.....(country's historically are in very DELICATE fragile states) right after a period in which there debt to gdp ratio's rise quickly.....we have seen that japan had been somewhat stable at the high end of where economists think a country can be.....but they have depended alot on the U.S consumer as well......and Japan isn't doin' too hot lately .....i think we see a restructuring of the socio-economic systems and economy's and basically our lives......this is what i believe the NWO is about......with the paths country's have been on and the inflexibility of govt's to stand up to the growing power of industry giants and the globalism push......it just seems inevitable........and unfortunately when a country with more freedoms than most......and a economy that is rather delicately built on debt and consumption..........that spells a recipe for well a depressionary process......loss of freedoms......and .....the question is how fascist do things get......remember there is NO voice in washington for the people....at least not that i see.....

time to check the hotdogs and burgers and take a dip in the pool.....life is still good........have a good day fellas

[edit on 4-7-2009 by cpdaman]

Originally posted by drock905
reply to post by leo123

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the only real difference, and its a big one is that in the USA in the 30's there was the "dust bowl". If there was a natural disaster on that scale we would be in much worse shape, and at least people back then were more self sufficient...

www.theglobeandmail.com...

"The crops are done for this year, all done,” said Mr. Becker, who's been farming near Kindersley, Sask., for 40 years. “They gave the okay to spray it all down. Everything. I've never seen anything like it.”

All across western Saskatchewan and southern Alberta, farmers are scanning crop-insurance policies and calculating how short they'll be on payments this year as one of the worst droughts on record parches their land and their bank accounts."

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