Market Watch: America needs a 'Good Depression'
Posted August 12th, 2008 by nelsonwinters
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Seven reasons a 'good' depression beats a new Great Depression
Get serious folks. We had a 30-month recession not long ago. Eight years later the market's still barely at its 2000 peak, a loser. Worse, we're back in a new recession. But Washington politicians are keeping it a secret, feeding us doctored feel-good statistics as legendary political historian Kevin Phillips wrote in "Numbers Racket: Why the Economy is Worse Than We Know."
So we blindly refuse to bite the bullet and stop our out-of-control spiral into collapse. America needs a big wake-up call ... and it's coming soon, whether you like it or not!
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We're so wealthy
today, I don't think a Depression would be that uncomfortable. The Great Depression in the 1930's occured when we were much less wealthy in the first place, so people suffered a lot more than they would in a Depression would today. I think one would be much more bearable today.
You have it backwards.
The twenties were a very prosperous time in America plus people saved about 10% of their income. The summer of '29 was noted for the leisure time Americans had -- taking their kids to the beach and having few cares compared to earlier generations.
The savings rate in the US today is zero (or negative depending on what you read).
Big houses and shiny cars do not indicate wealth.
___________
Lisa C.
www.dvds4delegates.com=Ron Paul, the 44th U.S. President
Join us at: www.campaignforliberty.com
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We need a GREAT (NOT GOOD) Depresion
For many reasons.
1. Goverment is WAY too big, a depression will reduce goverment revenues significantly, therefore, the goverment will have no choice but to cut programs.
2. Immigration is out of countrol, and a depression in the US will force many people to go back to their home countries (since most come for the money anyway).
3. Too much money is in housing, a great depression will force resources to go to more productive resources.
4. People need to learn how to save again!!!
plus many more reasons I'm sure
As a migrant, I find number two interesting.
Overall, your reasons sound a bit too "central planning" to me.
___________
Lisa C.
www.dvds4delegates.com=Ron Paul, the 44th U.S. President
Join us at: www.campaignforliberty.com
Brought to you by: www.women4ronpaul.com
You make great points, but...
I agree with you on all points, however please consider this. The 3 emotions of cycles (whether your trading the markets or not), are hope, fear, and greed. Fear comes at the very bottom (where hope should be). My fear is our dumbed down American public will be willing to give up everything, at the bottom (whats left of the constitution), and Join in with the new world order. This is why it's essential to educate our neighbors.
Check out Freedom first society.