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View Poll Results: Times ahead: The USA
Headed for a Depression worse than the 1930's 9 32.14%
Headed for a Depression rivaling the 1930's 3 10.71%
We will stay in this prolonged Recession 12 42.86%
Wine & Roses are just over the horizion 4 14.29%
Voters: 28. You may not vote on this poll

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Old 07-31-2011, 12:25 PM
 
25,021 posts, read 27,919,738 times
Reputation: 11790

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Quote:
Originally Posted by tropolis View Post
which if true, will just be a continuation of the prior presidents who have further deteriorated this country.

get your head out of the democrat vs. republican game.

republicans arnt going to save you. things arnt going to be any better with a republican president.

everything was decided years ago.

what we have to do now is understand our fate and accept it.
I agree that the mainstream establishment GOP is not going to save the U.S. I disagree, however, that this is our fate and we have to accept it
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Old 07-31-2011, 12:28 PM
 
Location: South Jordan, Utah
8,182 posts, read 9,208,437 times
Reputation: 3632
Quote:
Originally Posted by BentBow View Post
  • A 90% drop in the stock market . . .
  • 50% unemployment . . .
  • 100% ANNUAL inflation . . .
Many say this can't and won't happen here.
The leading economist, say that is exactly where we are headed.


Are you the carefree "wing it" type, or are you the one that has a list for everything and always prepared for the worst?


Bookmark this post. We can revisit it in a year.
No inflation but deflation and a crash. Whoever is in power will be Hooverized.
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Old 07-31-2011, 12:30 PM
 
Location: Sango, TN
24,868 posts, read 24,377,473 times
Reputation: 8672
Quote:
Originally Posted by hilgi View Post
No inflation but deflation and a crash. Whoever is in power will be Hooverized.
No, inflation.

The American dollar will be worth less, not more. Deflation counts on the value of property to fall while the dollar remains consistent.

This was possible when we followed the gold standard, but now our dollar is based on the credit market, and sadly to say thats going buh bye.
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Old 07-31-2011, 12:30 PM
 
Location: San Antonio Texas
11,431 posts, read 18,993,162 times
Reputation: 5224
Quote:
Originally Posted by trlhiker View Post
Exactly, I love how repubs think that if you get a republican president everything will be all wine and roses.
they're so pessimistic.
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Old 07-31-2011, 12:36 PM
 
Location: Neither here nor there
14,810 posts, read 16,201,636 times
Reputation: 33001
Quote:
Originally Posted by hilgi View Post
No inflation but deflation and a crash. Whoever is in power will be Hooverized.
Not such a bad idea to "Hoover" almost all of them.....using "hoover" to mean "clean house".
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