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If the current socioeconomic situation does not improve, do you think that there

  1. gmwilliams profile image85
    gmwilliamsposted 5 years ago

    If the current socioeconomic situation does not improve, do you think that there is going to be

    even a worse depression than what had occurred in 1929?

  2. Mr. Happy profile image84
    Mr. Happyposted 5 years ago

    That is a very real option because the financial system is still a giant bubble - the too big to fail banks are even bigger now, corruption is ravaging through the political system and only the concerns of lobbyists are being addressed. Meanwhile there are food riots in Spain (see my last article), Greece is still crawling on its belly ... One has to look at patterns all over the world to understand where we are: failed harvests, floods, political dissent, etc.

    There will more than likely be another financial collapse and it will be worse than in 2008/2009 but I am not sure if we can be ready to say that it will be worse than in the late 1920's.

    1. gmwilliams profile image85
      gmwilliamsposted 5 years agoin reply to this

      Good, insightful answer.

  3. lone77star profile image84
    lone77starposted 5 years ago

    When a currency is based upon debt with interest, then the debt can never be paid off. The debt will inevitably grow and grow unceasingly. Debt = loss of sovereignty. In 1913, the United States was sold into slavery to the private Rothschild central bank of America, the Federal Reserve System.

    The power elite want the system to go bust. With the ensuing chaos, they can grab more power -- ultimate power -- a New World Order of one-world government.

    America now has a debt over $16 TRILLION. That's a bubble that's going to pop. When it does, because America has the world's reserve currency, the entire planet will be toast, and America will be ground zero. The proverbial fan will be vaporized by what hits it.

    Already, America's meaning has been jeopardized and largely erased. It's Constitution has become shredded by unPatriot Act, NDAA and its indefinite detention clauses for American citizens, Obama's Kill List including Americans, Obama's ignoring the federal court judge's ruling on NDAA, Obama's bypassing Congress on the matter of war with Libya, and more and more.

    The Corporate Party is now in control and the Demopublicans and Republicrats remain only as a charade to keep up the illusion of choice.

    RNC SCRIPTED
    https://www.youtube.com/watch?v=pKaXqoC4DjE

    DNC SCRIPTED
    https://www.youtube.com/watch?v=HmaE2Aez_XY

    Don't be fooled like the Germans of 80 years ago. We've had our Reichstag fire (9/11) and blamed it on a patsy. We've had our shredding of the Constitution, just like the Germans under Hitler. We've had our wars to "protect" the Homeland Security, just like the Germans (Iraq, Afghanistan, Libya,... and next Syria, Iran, Russia and the World).

    If we can believe the late Aaron Russo in his last interview, the Rockefellers knew about 9/11 before it happened. They looked forward to it, greedily. Premeditated murder.

    https://www.youtube.com/watch?v=GaOj-rOGZFE

    So, the upcoming financial meltdown will make the Great Depression look like a picnic. Millions or even billions will die. This will be one of the darkest moments in humanity's long existence.

    But God will not let Homo sapiens disappear entirely. The maniacal power elite will not be able to control the meltdown the way they thought, so God will step in as was foretold in Revelation. And that's good news.

  4. Jack von Faust profile image57
    Jack von Faustposted 5 years ago

    Tradition tells us that even St. Paul thought the world when end in his lifetime. Whether or not it's true, the fact that such a story could possibly persist for generations shows that man has always feared the worst for his specie's future. Yet, despite all that fear, the world keeps on spinning and man keeps finding ways to march forward. If you fear uncertainty, you live in the wrong universe; read into the Heisenberg Uncertainty Principle and you will learn that unpredictability is a fundamental component of nature. We humans have definitely pulled through worse in the past, and that was despite the fact that every generation thinks itself privy to see it all come to a cataclysmic apocalypse. It almost feels arrogant! As for myself, I am completely optimistic that natural selection will take its course. If we find ourselves unable to come to terms with our fears and do something about fixing our problems, nature will happily toss us to the fossil record, as she has all her other creations which no longer can lay claim to the right to survive. To sum up, asking about fear is not the same as confronting it. We will only continue to live on as a species if we actively engage those aspects of reality which planted the seeds of fear originally. So if anyone fears the end is nigh, stop it! Do not fall for the same trap as St. Paul. Stop fearing and start acting. Great question, though wink

    1. Mr. Happy profile image84
      Mr. Happyposted 5 years agoin reply to this

      We were talking about the end of the world here? I didn''t realize that. I thought we were just talking about the next recession/depression ...

    2. Jack von Faust profile image57
      Jack von Faustposted 5 years agoin reply to this

      Sorry if I got carried away and off topic! I was just trying to express the idea that pessimism has always been with humanity. Further, I tried to show that pessimism is, in every way, counter-productive. I may have overused hyperbole in the process

 
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