posted on Dec, 19 2009 @ 03:57 PM
I think we may be seeing it ALOT sooner than 2020, try 2010. I say this because new data released(I don't have the website just look it up) shows
that there were so far 450,000 people fired in december so far. This will be an L shaped economy we have plummeted quickly and aren't getting out of
this anytime soon. American's we will want jobs as unemployment dries up, the states will need funds to fill their major budget deficits, the
military will need more money for the surge in Afghanistan, corporations still won't lend and will just use up the easy money, the people will be
unemployed along with growing poverty, hunger, and disease spreads like wildfire. We are looking at a convergence of so many disasters coming together
all at once, we are looking at a slow on great depression, it won't actually be as bad as the great depression but it will feel like it because it
will last much longer. My guess is we won't start getting below 7% unemployment until mid decade, our economy might grow but only around 1% or less
along with some quarters dropping and others growing. Some parts of the country will be doing better than others so we will see lots of migration and
in the areas receiving the migrants there will be resentment towards their fellow Americans. 2010 will be a bad year, and it will only be getting
worse.