7 reasons U.S. needs a Good Depression now

[Random.Capital]

Quote from Larson:

If not for QE, the breakdown would Already be here. The Fed is just buying time and are probably scared shitless in private. But, as you say, "eat, drink and be merry, for tomorrow we shall die".

What's the point in being "scared shitless"?

 

[danielfuentes11]

Quote from Random.Capital:

Yes, Michael Moore figured that out a long time ago, even made a movie about it.

But the other poster is right - life is pretty damn amazing for us Westerners - the problems we face are all about political structures, not about food water and shelter.

There is abundant reason to find joy living in the here and now.

this might be inappropriate, but these first-world-problems made me think of Tech Crunchs' editor Mike Butchers tweet yesterday:

 

[danielfuentes11]

"The problem is at the consumer level, confidence is low and that is because, as you showed, showed we had underemployment with one out of every six Americans. The worst element of that is that among the unemployed, against the American history, more than approaching half, have [been] unemployed for over six months. That is historically unprecedented in the United States. That is a phenomenon that is seen often in Europe, rarely seen here. In 2007 the average time to get a new job was five weeks. It's now near six months. And that implies a whole segment of the population, the more elderly or the middle-aged who may never get employed again," Charles Krauthammer said on FOX News this evening.

that might be inappropriate, but made me think of an illustration that the tech crunch editor mike butch tweeted yesterday:

 

[morganist]

Quote from Random.Capital:

What's the point in being "scared shitless"?

I don't think they have a choice.

I think it will be like the beginning of the Empire of the Rising Sun. People who have an affluent life style and power will lose it almost over night and be powerless with nothing. OK it will be minus the guns but it will repo men coming to their houses rather than the Japanese army.

Is that a good analogy.

 

[Kassz007]

Quote from EMRGLOBAL:


--------------------------

WE ARE ALREADY IN A DEPRESSION. There was no recovery, QE2 did nothing and the STOCK MARKET is all but HOT AIR.

If this is a depression, then I don't know what all those people were whining about in the 30's...

 

[morganist]

Quote from Kassz007:

If this is a depression, then I don't know what all those people were whining about in the 30's...

It's the calm before the storm.

 

[Rickshaw Man]

We need a true recover not a debt driven recovery sponsored by the central bank. Were did all the money go, who made off with all the loot. Make no mistake this nation is being looted.

 

[achilles28]

Quote from Locutus:

You clearly weren't raised properly and I know nothing. Frankly, I think we have nothing in common.

Anytime you want to debate facts, let me know...

 

[morganist]

Quote from Rickshaw Man:

We need a true recover not a debt driven recovery sponsored by the central bank. Were did all the money go, who made off with all the loot. Make no mistake this nation is being looted.

This is what scares me the most. Aggregate demand or money supply was supported by debt. When the credit crunch happened it meant people weren't buying that debt anymore. This means demand cannot be sustained through debt anymore. One problem is unemployment but the biggest problem in my opinion is debt repayment. If the money supply retracts it becomes impossible to repay the existing debt levels.

My view is that the next step will be enormous unemployment, bankruptcy and pension funds collapse.

 

[Rickshaw Man]

Quote from morganist:

This is what scares me the most. Aggregate demand or money supply was supported by debt. When the credit crunch happened it meant people weren't buying that debt anymore. This means demand cannot be sustained through debt anymore. One problem is unemployment but the biggest problem in my opinion is debt repayment. If the money supply retracts it becomes impossible to repay the existing debt levels.

My view is that the next step will be enormous unemployment, bankruptcy and pension funds collapse.

Pension collapse imminent, the real question is how long can they fool the public, you know cover things up, the media will do as they are told, so it may go on for a while. Thank goodness for the intranet.

But you see they are working on the intranet as we speak. All these hacks are a false flag. They will use it to introduce ways for government spying. You know for our own good.