Quote:
Originally Posted by Fathom Zero
If we are in a depression, why does that matter?
|
Good Point.
I always feel its best to know what's going on so we can all make informed choices. The media has been spewing out how we are seeing a "Jobless Recovery" and how the "Recession is over", "green shoots" and so on. This is all bullshit of course to calm and neutralize the US population into believing that everthing is fine.
As Colonel has stated above. Tent Cities exist filled with economic refugees in the USA. House prices have dropped to 10 dollars in the CITY of Detroit and unemployment continues to rise, food stamps continue to be dished out, and people are still getting forclosed upon by predatory banks.
We are in a Depression. Worst yet, we are in a Global Depression. Everyone is feeling it. Why? Because wallstreet was allowed to create derivatives which are similar to Margin Loans. The same margin loans that caused the depression of the 1930's.
We also have a dwindling manufacturing base due to Free Trade agreements and no protective tariffs on products coming in to the United States.
People can use this knowledge to protect themselves and get ready for the worst. Build up some savings, invest in commodities, make sure your retirement plan is in safe assets.
That's all this thread is really for.