We are in a Depression. Read on.

[The Leader]

It could be considered that but it's far from severe. Of course you wouldn't know that because you aren't exactly aware of reality.

[TheCoolinator]

Originally Posted by The Leader

It could be considered that but it's far from severe.

Far from severe? Have you read the news lately?

Do a search on "rising homeless", "tent cities", "bailouts", "foreclosures", "wage cuts", "falling standard of living", etc, etc...

[The Leader]

Originally Posted by TheCoolinator

Do a search on "rising homeless", "tent cities", "bailouts", "foreclosures", "wage cuts", "falling standard of living", etc, etc...

Well you see Coolie, there are these things called books and studies. Some of them aren't online and they tell you a lot about the world. If we weren't going through a depression in the 70's then we aren't going through one now. Not that you would know about what I'm referring to because you weren't born yet.

[TheCoolinator]

Originally Posted by The Leader

Well you see Coolie, there are these things called books and studies. Some of them aren't online and they tell you a lot about the world. If we weren't going through a depression in the 70's then we aren't going through one now. Not that you would know about what I'm referring to because you weren't born yet.

Was there trillions of dollars being used to bailout bankrupt investment houses in the 1970's???

Was there Free Trade Laws passed before the 1970's???

You cannot compare the 1970's dip to 1.5 QUADRILLION dollars worth of investment bank debts. No chance. No way. No how.

Next.

[Pentegarn]

Originally Posted by TheCoolinator

Was there trillions of dollars being used to bailout bankrupt investment houses in the 1970's???

Was there Free Trade Laws passed before the 1970's???

You cannot compare the 1970's dip to 1.5 QUADRILLION dollars worth of investment bank debts. No chance. No way. No how.

Next.

Let's use Coolie logic to answer this.

If you allow for inflation that has happened in the 30 years since, and then apply those figures to the 70s, you would indeed see that the 70s were far worse than now

Check


And mate

[TheCoolinator]

Originally Posted by Pentegarn

Let's use Coolie logic to answer this.

If you allow for inflation that has happened in the 30 years since, and then apply those figures to the 70s, you would indeed see that the 70s were far worse than now

And how much money was that? How much money was spent to kick start the economy in the 70's, exactly and what was it spent on?

answer please?