Worse than the Great Depression

[ralok_j]

This causes some concern: Uncle Sam's Credit Line Running Out?

http://online.barrons.com/article/SB...rrons&ru=yahoo

[houman]

Originally Posted by Arcane Son

Check out this brief interview with Gerald Celente. I can't believe it actually made it on Fox news. He openly says things are going to be worse then the great depression.

http://www.youtube.com/watch?v=46MEqEgdLTg

this guy is good

[Arcane Son]

Originally Posted by houman

this guy is good

Yeah I just recently came across him even though he has been doing trend forcasting for quite a few years now from what I understand. He has some really good interviews with Jeff Rense and Coast to Coast that are much more indepth that can be found on youtube as well. The man knows his stuff and really lays it on the line without pulling punches. You can tell he is sincere.

I am pretty much convinced a great depression is inevitable at this point due to the lack of any genuine leadership. We have been betrayed at the highest levels. The majority of people in power positions just don't care about the average person and will let us sink.We have no one to depend on but ourselves and anyone in our circle of friends and family that we trust. Sad but true!

[houman]

Yep... and his predictions are based on logic and investigation

Originally Posted by Arcane Son

Yeah I just recently came across him even though he has been doing trend forcasting for quite a few years now from what I understand. He has some really good interviews with Jeff Rense and Coast to Coast that are much more indepth that can be found on youtube as well. The man knows his stuff and really lays it on the line without pulling punches. You can tell he is sincere.

I am pretty much convinced a great depression is inevitable at this point due to the lack of any genuine leadership. We have been betrayed at the highest levels. The majority of people in power positions just don't care about the average person and will let us sink.We have no one to depend on but ourselves and anyone in our circle of friends and family that we trust. Sad but true!

[ralok_j]

Originally Posted by ralok_j

The consumer is strapped and has no more to spend, business can't obtain loans to spend, and the government is giving away billions of tax dollars to any company with their hand out. Yep, we're screwed.

Looks like Hank realized the consumer is strapped and wants to help out:

http://biz.yahoo.com/ap/081112/financial_meltdown.html


The consumer is not going to follow suit. They can not expect the consumer to spend our way out of this financial mess. I agree that liquidity must be maintained, but it's going to take acts of Congress to really get things moving. Congress will need to legislate tax law to change behaviors.