So, now do the sheeople believe we are in a Depression?

Quote from Scataphagos:

you've already demonstrated you know nothing... so no sense in listening to anything else you have to say.
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Do you know users who have demonstrated good understanding of the economy over the years on this forum?
I will be very interested to read their posts (even if their posts are very old).
 
Quote from EMRGLOBAL:

I can understand why you may say Stagflation .

And if you look across the board, the prior definition of "DEPRESSION" does not fit this "new age Depression" or the "Modern Depression" spot on. There are some things that are different.

But nevertheless, IMHO, it's a depression and just the start.

Soon Currency Wars will begin. The SWISS made the First move last night with the Franc.

The US will no longer be able to export it's inflation. And yes, I said Inflation during a Depression. Most prices have devalued except for Food/Energy. Thus, Food and Energy could triple if the currency wars spread and other major currencies are weaken by their governments.

So, we could have 23% unemployment, Big ticket and small Ticket prices slashed by 80% but massive inflation with Food & Energy.
And a possible crash of the US dollar.

End result could be similar to Venezuela. Including a total take over by the FED gov and nationalization of Farms, Production, Energy, etc...in the name of "Public Good". The first move is the "Infrastructure Jobs plan Obama is going to speak about".

There is nothing new under the sun. What is happening has happen to countries before US. The end result is not certain but we do have an idea of where it may lead.


What follows currency wars can be Real Wars among Nations.
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Excellent post. This is what many fail to grasp, the currency crisis to come, which always causes massive geopolitical turmoil.
 
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