Do You Think the United States Is Heading For a Recession?

Jump to Last Post 1-7 of 7 discussions (7 posts)
  1. Rock_nj profile image92
    Rock_njposted 7 years ago

    Do You Think the United States Is Heading For a Recession?

    Europe certainly seems like it is Is Heading For a Recession.  The U.S. might also fall into a recession if Europe is weak enough.

    https://usercontent2.hubstatic.com/5204033_f260.jpg

  2. kjetil profile image37
    kjetilposted 7 years ago

    Yes, I do. the economic world is looking very grim now.

  3. Dexter Yarbrough profile image80
    Dexter Yarbroughposted 7 years ago

    The United States is past recession and in a depression.

  4. peterxdunn profile image59
    peterxdunnposted 7 years ago

    The US is more indebted than the whole of Europe put together. The banks are deliberately shrinking the money supply: by calling in old loans and not issuing new credit (exept to market speculators who are often computers that can buy a tranche of shares - and sell it again - all in seven seconds).

    The money stocks held by currency trading houses (currency being their stock-in-trade) has shrunk by 36% this year alone. Are you getting the picture?

    It looks like there will be another round of quantitative easing (QE3). The Fed, Bank of England and European Central Bank are going to issue billions of dollars/pounds/euros which will lower the value of the money in your pocket. This money will only be lent out to the friends of the banks. None of it will trickle down to our level despite the fact that it is us that will have to pay it all back. This is exactly what happened with QE 1 and 2.

    So you have the currency supply (I'm talking bank/debt money: not coinage/notes/bills, which comprises over 90% of all the money in circulation) deliberately being shrank by the banks. You have the currency in your bank account and pocket being devalued all the time as prices rise and interest rates are kept at zero. This will wipe out your savings.

    When the share price bubble - created by high frequency trading funded by the taxpayer - eventually bursts pensions will also get totally wiped out.

    Have I missed anything? Oh yeah - look at the price of gold. Previously I had predicted that it would reach 2,000 dollars an ounce by the end of the year. At the moment it looks like it will hit that price level by the end of the month! Rich people are getting rid of all their cash before the value it has left simply evaporates and hyperinflation kicks in. For those of you that don't know - hyperinflation means that something that cost you 5,000 dollars on the way to work in morning: such as a cup of coffee (I kid you not), might well cost you 40,000 dollars on your way home. This has all happened before folks.

    The word 'recession' does not really do justice to what is on the way. 'A catastrophic crash,' would be a better way of describing it. So do yourself a favour: convert everything you have into gold bullion. Take physical delivery of the gold (if you leave it stored somewhere it will get ripped off - guaranteed). Load up your car with the bullion and about 3 years supply of canned food and head for the hills.

  5. Deborah-Diane profile image85
    Deborah-Dianeposted 7 years ago

    I think the world has been in a recession for the past 2 1/2 years ... but the governments have been unwilling to acknowledge it.  Now that they are finally being forced to deal with it, things could get better in a few more years.

  6. onegoodwoman profile image75
    onegoodwomanposted 7 years ago

    Where have you been for the last several months?   I think the USof A is 'headed' for the European Econonmic Union..............the dollar is on the decline....

    Even in southern Texas, they accept the Peso, in other large and " culturally diversed " cities, they are accepting other forms of currency.

    The Japaneese and Chinese are now debating whether to continue accepting the " dollar" for payment or insist that it first be converted into their own currency.


    THIS IS A FIRST in our national history!


    Sit back and watch it unfolding.

  7. jammyedwards1 profile image61
    jammyedwards1posted 7 years ago

    I think due to the european crisis that is occuring at the moment and that fact that globalisation is a huge part in our society and economies at the moment, that when the european economies start crashing, you will feel this across the world including america. Whether this will cause a recession or just a crash could be anyones specualtion.

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)