Printable View
The other day my English teacher was saying that we may be in another great depression type situation in the possibly near future. She was telling us (my class) that we do not have enough gold and such to back up all the money we are printing. She also said that the U.S. owes 372 billion or trillion dollars to China. Does anybody here think that this will happen again like it did in the 1930's? If so how long do you guys think it will last and how bad it will be?
not going to happen
I guess I better stock up on 2 stroke oil and gas so I can ride if it does :o
thats not talk if we cant back it up...mkay? Honestly i dont know much about this subject so i wont say anything, but i think that it is entirely possible?Quote:
Originally posted by bansheeguy
not going to happen
All I know , is that my Canadian dollar is on the rise ... it's a good thing for travallers ... very crappy for Canadian industries though .
China is on the move to become the next Super Power of the world ... and they're doing one hell of a good job too . They're buying up everything possible ... their technology is years more advanced than here in the West .
I'm not sure about the USA , but here in Canada I think a depression is in store in the next 10 years or so if things don't change .
there is supposed to be a depression every 10 years to keep the economy in check.
Panic causes a depression - if people would just ride things out, there will be no depression. If people start to panic and pull their investments and close out bank accounts (a very large number and @ a fast rate)... then we have a problem.
Now a recession, yes, those do and will happen... its the nature of our economy.
We will not have another Great Depression - nothing that severe. I believe the only thing that would or could cause a "great" depression would be MAJOR attacks on our soil and some form of a world war.
your talking about a recession. Big difference between the two.Quote:
Originally posted by yamablaster24
there is supposed to be a depression every 10 years to keep the economy in check.
anyhting happens,im going to gregs house,gotta extra room??lolQuote:
Originally posted by Quad18star
All I know , is that my Canadian dollar is on the rise ... it's a good thing for travallers ... very crappy for Canadian industries though .
China is on the move to become the next Super Power of the world ... and they're doing one hell of a good job too . They're buying up everything possible ... their technology is years more advanced than here in the West .
I'm not sure about the USA , but here in Canada I think a depression is in store in the next 10 years or so if things don't change .
lol its 2006 there will never be another depression, just higher gas prices