Skip to comments.How Will This Depression Differ from Previous Ones?
Posted on 03/03/2009 1:44:15 PM PST by arthurus
Although we are anticipating another great depression, we want to emphasise that we are NOT anticipating a replay of the 1930s. We are anticipating a drawn-out period of economic contraction, but the details will almost certainly differ markedly from previous depressions.
(Excerpt) Read more at seekingalpha.com ...
Are at the beginning of a (lower case d)epression?
uh...we have dictator now. That’s one big difference.
You cannot ignore that the wired world will act different than anything that came before. The downturn will be much sharper than predicted because of that fact.
Actually Roosevelt was pretty much a dictator too....
No he won’t . The population is much better armed than it was in the last depression .
Was the last Depression world-wide or U.S. only? It seems to be world-wide this time.
Agreed. I am stocked, locked, loaded and saying “come and take it!”
When Iran launches a nuclear strile on Israel of Saudi, then that will put paid to all this foolishness.
Obama is the worst thing to have come down the political pike since Benedict Arnold, for our nation. And history shows that his own activity will lead to his destruction.
Ditto. So are my sons .
Given that the anti-Israel arabophile Freemen is being put in charge of all the Intelligence agencies, I suspect we are changing sides in the Arab/Israel situation. I think we maybe becoming Israel’s formal enemy.
This one will probably be like the one that stretched from the Fall of the Roman Empire to the Crusades.
The 30s Depression was, indeed, worldwide.
When that occurs, God will cease to bless America and then that will seal our fate.
Unfortunately, the government is much better armed also both in weapons and information. I think you had a much better chance to avoid government during the last depression. The only safety you will have in this depression is hiding behind a massive number of fellow citizens.
Our leader doesn’t have the stones to lead us in a war to get out of this Depression.
Keep in mind that the population is also much less well-behaved than it was in the last depression.
During the last depression, this county had its culture to hold it together. That is gone now. People pulled together during the last depression, crime actually dropped, and people returned to their Christian roots. The house squatters are a sign of what’s to come this time. Squatting will turn into rioting, and rioting into racist attacks on whites and well-to-do Americans. Look what is happening in Germany with the burning of cars. That type of class envy will take on a racial nature here. The hatred that 0 has turned towards bankers and businessmen will spread towards anyone who is doing well during the hard times.
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