I am 14 and understand why the economy is collapsing. Despite what you think teenagers do understand those big "adult words" that are used to explain the situation.

I'm just having trouble understanding the title of this thread. I take it the video is a little clearer?

Fred is crazy........"Everything is OK"!!!!

Now go out there and CONSUME, CONSUME, CONSUME!

Originally posted by paranoiaFTW
I am 14 and understand why the economy is collapsing. Despite what you think teenagers do understand those big "adult words" that are used to explain the situation.

The majority is the concern, son.

The more money that is in circulation the faster the economy will rebound.

Herbert Hoover, the president at the beginning of the Great Depression in 1929, cut back on all government spending, told people to stop spending and save, and in general advised the public to hunker down for a storm. The result was less and less gold and money in circulation, and that, of course, deepened the depression. Hoover is not remembered fondly by history. The tent cities that the dispossessed homeless put up were called "Hoovervilles" in his honor.

Franklin D. Roosevelt, the guy who created Social Security, the CCC, the WPA and other big government spending at the height of the depression is remembered well.

Those who do not remember history are doomed to repeat it.

Originally posted by Sestias
The more money that is in circulation the faster the economy will rebound.

Herbert Hoover, the president at the beginning of the Great Depression in 1929, cut back on all government spending, told people to stop spending and save, and in general advised the public to hunker down for a storm. The result was less and less gold and money in circulation, and that, of course, deepened the depression. Hoover is not remembered fondly by history. The tent cities that the dispossessed homeless put up were called "Hoovervilles" in his honor.

Franklin D. Roosevelt, the guy who created Social Security, the CCC, the WPA and other big government spending at the height of the depression is remembered well.

Those who do not remember history are doomed to repeat it.

The only problem with that is that back then, there was a limit (ie gold reserves) to the amount of money we could have out at one time. Today we are printing money that is basically imaginary, through treasury auctions. You can't just create more money out of thin air without a sound way of creating the wealth that will sustain it. My head just hurts thinking about what we have done to our economy.