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This is the Economics Forum, not the Religion Forum. Therefore the portion of your post which I quoted is off-topic here. The ancient writings of a particular people are simply not relevant to any discussion which can conceivably occur in the Economics Forum.
What if economics and "religion" as you define it are inseparable? I am free to post my opinion.
What if economics and "religion" as you define it are inseparable? I am free to post my opinion.
Well, yes and no about being free to post your opinion. If posting your opinion involves going off-topic, that is called "hi-jacking a thread" and is a violation of the rules here. The part of your post which is off-topic can be deleted by a moderator. I did not report that portion of your post for moderator action because I am not into reporting except in egregious cases, and in your case it was only a brief paragraph. But the fact remains that it was off-topic.
yes there is. bek you cant debt your way out of debt. and brazil has proven that the only way out of debt is austerity not stimulus drunk sailor spending.
No, it will not occur for the simple fact that we have a stronger and more responsive central banking system, a number of automatic economic stabilizers, as well as an increased favor-ability for discretionary spending during bust cycles. The confluence of these things makes the possibility of an agonizing and maleficent depression such as the one of the 1930s incredibly unlikely.
This is hilariously outdated and incredibly naive.
Some day people are going to understand that these economic depressions are largely engineered by a small elite to gain more power and control for themselves. They get us to unwittingly cooperate with their schemes by appealing to our base instincts (i.e. taking out insane mortgages just because they're offered). Then, after they centralize even more power and control (whether it be in the crony-capitalist banking cartel or the government or both...can't tell the difference between the two anymore anyway), they come in with their "solution" which works....for a while, until they repeat the cycle with another engineered crisis.
What the US faces is a malaise that comes with the loss of windfall we gained post-WW2. From here on out, it is about economic survival in a globally integrated world. This should cap growth and lead to decades of downward wage pressure.
What the US faces is a malaise that comes with the loss of windfall we gained post-WW2. From here on out, it is about economic survival in a globally integrated world. This should cap growth and lead to decades of downward wage pressure.
But depression? Not even close.
What is your definition of a depression? Just curious.
There are panics on a regular schedule. The one in 1980-1984 was particularly brutal because the dollar collapsed and the Fed had to push interest rates sky high and reduce the dollar supply to rescue it. If we have another fiscal crisis like that, it will be apocalyptic. The Fed has pumped $trillions into the money system to bail us out of the credit crisis and the national debt is floated on low interest bonds. There may be no alternative but to let the dollar lose 80% of its value. To those who think it can't happen, you should notice that the dollar lost 50% of its value between 1979 and 1985.
Seers have been predicting a fiscal apocalypse for decades, and they have always been wrong. If nothing else, our biggest creditors have a vested interest in keeping the USA going. We are literally too big to fail. However, the big thing about predictions is that they are always wrong, until they are right. In economics, as in physics, anything that can happen will happen. We just don't know when.
This is hilariously outdated and incredibly naive.
Some day people are going to understand that these economic depressions are largely engineered by a small elite to gain more power and control for themselves. They get us to unwittingly cooperate with their schemes by appealing to our base instincts (i.e. taking out insane mortgages just because they're offered). Then, after they centralize even more power and control (whether it be in the crony-capitalist banking cartel or the government or both...can't tell the difference between the two anymore anyway), they come in with their "solution" which works....for a while, until they repeat the cycle with another engineered crisis.
Exactly. I'm not sure why people ignore the fact that the same banks that created our Federal Reserve banking system in 1913 are now more powerful and control more aspects of our economy than ever before-the self titled "too big to fail".
Well, yes and no about being free to post your opinion. If posting your opinion involves going off-topic, that is called "hi-jacking a thread" and is a violation of the rules here. The part of your post which is off-topic can be deleted by a moderator. I did not report that portion of your post for moderator action because I am not into reporting except in egregious cases, and in your case it was only a brief paragraph. But the fact remains that it was off-topic.
Nothing was off-topic
The question was the following...
"let me ask the age old question---is there going to be a depression in the U.S."
My conclusion based upon the evidence is Yes. We all use information to come to a conclusion. There is no rule that suggests there must be a limitation of where this information comes from.
So take it or leave it. It was my opinion based upon the information I deemed to be relevant and trustworthy which includes divine inspiration.
There is nothing to report and I do not apologize for speaking my opinion on the matter.
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